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Standards-Aligned Financial Literacy Lesson Plans (Grades K–8): Money Word — Plan
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Standards-Aligned Financial Literacy Lesson Plan (Grades K–8): Money Word — PlanLesson Plans

Dictionary Term Focus: Plan

Core Concept Across All Grades

A plan is a way to decide what you will do before you do it. When children learn to make and follow a money plan, they protect their money, reduce mistakes, and make it easier to reach their goals.

K–2 Lesson Plan

Grade Band: K–2 (Ages 5–7)

Big Ideas

A plan helps me decide what to do before I do it.
A money plan helps my money have a purpose.
Having a plan helps me make better choices.

Learning Objectives

Learners can:

  • Recognize and understand the word plan

  • Explain that a plan helps decide what to do ahead of time

  • Identify a simple example of a money plan

Standards Alignment

  • Council for Economic Education (CEE): Decision Making

  • Jump$tart Coalition: Financial Decision Making

  • National Financial Educators Council (NFEC): Money management awareness

  • CASEL: Self-Management, Responsible Decision-Making

Materials

  • Dictionary definition of Plan (kid-friendly version)

  • Picture cards showing steps (save → spend → reach goal)

  • Play money or counters

Lesson Flow (15–20 minutes)

1. Word Introduction & Sound Familiarity (2 minutes)

Teacher says:
“Today’s word is plan.”

Have students:

  • Listen to the word

  • Say the word together: “Plan.”

  • Say it once more slowly: “Plan.”

Teacher uses the word in simple sentences:

  • “I make a plan before I start.”

  • “A plan helps me know what to do.”

Explain:
“Today we are going to learn what the word plan means.”

2. Simple Definition & Meaning (3 minutes)

Teacher says and displays the definition:

“A plan is a way to decide what you will do before you do it.”

Have students repeat the sentence together once.

Teacher gives a concrete example:

  • “Before saving money, I make a plan.”

  • “That helps me know what to do.”

3. Warm-Up Conversation: Planning in Everyday Life (3 minutes)

Ask:

  • “Do you make a plan before a trip or a game?”

  • “Why do plans help?”

Reinforce:
“Plans help us feel ready.”

4. Bridge to Money Planning (3 minutes)

Teacher says:
“People can make plans for their money too.”

Ask:

  • “What happens if we spend money without a plan?”

  • “How can a plan help us?”

Offer examples if needed:

  • “Saving some money”

  • “Reaching a goal”

  • “Not running out”

Reinforce:
“A money plan protects our money.”

5. Read & Discuss the Definition (4 minutes)

Read the kid-friendly dictionary definition of plan again.

Ask:

  • “Is a plan made before or after?”

  • “Does a plan help us choose?”

Key idea to reinforce:
“A plan comes first.”

6. Guided Practice (3 minutes)

Show picture cards and ask:

  • “What should we do first?”

  • “What comes next?”

Students respond using the sentence frame:
“My plan is to ___.”

7. Practice Activity: Plan the Steps (3–4 minutes)

Students act out:

  • Choosing a goal

  • Making a plan

  • Taking one small step

Teacher reinforces:
“Plans help dreams come true.”

Assessment (Informal)

Students can:

  • Explain what a plan is

  • Identify one way a plan helps with money

Take-Home Connection

“Talk with someone at home about one simple plan you can make together.”

Grades 3–5 Lesson Plan

Grade Band: 3–5 (Ages 8–10)

Big Idea

A plan helps organize money and protects it from being used without purpose.

Learning Objectives

Students can:

  • Explain the meaning of the word plan

  • Describe how a money plan supports goals

  • Identify simple steps in a money plan

Standards Alignment

  • Council for Economic Education (CEE): Decision Making; Planning

  • Jump$tart Coalition: Financial Decision Making

  • National Financial Educators Council (NFEC): Financial awareness

  • CASEL: Self-Control, Reflection

Materials

  • Dictionary definition of Plan (kid and grown-up versions)

  • Scenario cards (planned vs. unplanned spending)

  • Chart paper or board

Lesson Flow (20–25 minutes)

1. Word Reintroduction & Meaning Check (4 minutes)

Teacher says:
“Today’s word is plan.”

Ask:

  • “How would you explain a plan in your own words?”

Read the kid-friendly definition.
Invite students to restate it.

Reinforce:
“A plan is deciding ahead of time.”

2. Warm-Up Question (4 minutes)

Ask:

  • “What problems can happen without a plan?”

List responses.

3. Read & Analyze the Definition (5 minutes)

Read the grown-up definition.

Ask:

  • “How does a plan protect money?”

  • “How do plans support goals?”

Write on the board:
Plan → Steps → Outcome

4. Scenario Activity (8–10 minutes)

Present scenarios and ask:

  • “Which person has a plan?”

  • “What is the result?”

Reinforce:
“Plans reduce surprises.”

5. Reflection (4–5 minutes)

Students complete:

  • “A money plan helps me…”

  • “One step in my plan could be…”

Assessment (Informal)

Students can:

  • Define a plan

  • Explain how a plan helps money

  • Identify steps in a simple plan

Take-Home Extension

“Notice one time this week when planning helped with money or time.”

Grades 6–8 Lesson Plan

Grade Band: 6–8 (Ages 11–13)

Big Idea

A plan is a protective tool that helps align money with goals and values.

Learning Objectives

Students can:

  • Clearly define the word plan

  • Analyze how planning improves money decisions

  • Explain how plans reduce risk and increase confidence

Standards Alignment

  • Council for Economic Education (CEE): Decision Making; Planning

  • Jump$tart Coalition: Financial Decision Making

  • National Financial Educators Council (NFEC): Informed financial behavior

  • CASEL: Self-Management, Goal Setting

Materials

  • Dictionary definition of Plan

  • Scenario comparison worksheet

  • Optional step-by-step plan worksheet

Lesson Flow (30 minutes)

1. Word Reintroduction & Precision Check (5 minutes)

Teacher says:
“Today’s focus word is plan.”

Ask:

  • “How would you define a plan?”

  • “Why does planning protect money?”

Refine definitions together.

2. Opening Question (5 minutes)

Ask:

  • “How does planning change outcomes?”

Discuss real-life examples.

3. Definition Discussion & Framing (5 minutes)

Ask:

  • “What happens when people rely on guessing?”

  • “How does planning reduce stress?”

Connect to:

  • Budgeting

  • Goal setting

  • Long-term thinking

4. Scenario Comparison (10 minutes)

Compare:

  • Spending without a plan

  • Spending with a plan

Ask:

  • “Which creates better results?”

  • “Which feels more controlled?”

5. Personal Application (5 minutes)

Students write:

  • One money goal they have

  • One step in their money plan

  • One benefit of planning ahead

Assessment

Students can:

  • Define planning clearly

  • Explain how plans guide money choices

  • Connect planning to long-term success

Real-World Extension

Connect to:

  • Budgeting

  • Goal-based saving

  • Avoiding impulse spending

Teacher Notes

  • Emphasize planning as protection, not pressure

  • Reinforce flexibility—plans can change

  • Keep examples realistic and age-appropriate

  • Pair with dictionary lessons for Goal, Budget, Save, and Choice

Bottom Line

The word Plan helps children understand that preparation protects progress. When kids learn to plan their money, they gain clarity, confidence, and control—turning dreams into achievable steps.

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