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

Dictionary Term Focus: Spend

Core Concept Across All Grades

Spending is a choice about how to use money. When children learn what it means to spend—and how to spend thoughtfully—they build skills that help their money last and support what matters most to them.

K–2 Lesson Plan

Grade Band: K–2 (Ages 5–7)

Big Ideas

Spending means using money to buy something.
I am in charge of how I spend my money.
I can stop and think before I spend.

Learning Objectives

Learners can:

  • Recognize and understand the word spend

  • Explain that spending means using money to buy something

  • Practice stopping and thinking before making a spending choice

Standards Alignment

  • Council for Economic Education (CEE): Decision Making; Money and Exchange

  • Jump$tart Coalition: Financial Decision Making

  • National Financial Educators Council (NFEC): Responsible money use

  • CASEL: Self-Management, Responsible Decision-Making

Materials

  • Dictionary definition of Spend (kid-friendly version)

  • Play money

  • Picture cards showing items to buy (food, toy, book, clothes)

Lesson Flow (15–20 minutes)

1. Word Introduction & Sound Familiarity (2 minutes)

Teacher says:
“Today’s word is spend.”

Have students:

  • Listen to the word

  • Say the word together: “Spend.”

  • Say it once more slowly: “Spend.”

Teacher uses the word in simple sentences:

  • “I spend money to buy food.”

  • “You spend money when you pay for something.”

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

2. Simple Definition & Meaning (3 minutes)

Teacher says and displays the definition:

“To spend means to use your money to buy something.”

Have students repeat the sentence together once.

Teacher gives a concrete example:

  • “If I use money to buy a book, I spend money.”

  • “That is spending.”

3. Warm-Up Conversation: Everyday Spending (3 minutes)

Ask:

  • “What are some things people buy with money?”

  • “Have you ever seen someone pay for something?”

Reinforce:
“When you buy something with money, you are spending.”

4. Bridge to Spending Choices (3 minutes)

Teacher says:
“Spending is a choice.”

Ask:

  • “Can we spend money on more than one thing at the same time?”

  • “What happens when we spend money?”

Offer examples if needed:

  • “If you spend money on a snack, you don’t have that money anymore.”

  • “That’s why it helps to stop and think.”

Reinforce:
“Spending means choosing.”

5. Read & Discuss the Definition (4 minutes)

Read the kid-friendly dictionary definition of spend again.

Ask:

  • “What do we get when we spend money?”

  • “Do we still have the money after we spend it?”

Key idea to reinforce:
“When money is spent, it is used.”

6. Guided Practice (3 minutes)

Show picture cards and ask:

  • “Would you spend money on this?”

  • “What would you get?”

Students respond using the sentence frame:
“I spend money to buy ___.”

7. Practice Activity: Stop, Think, Spend (3–4 minutes)

Students act out:

  • Seeing an item

  • Stopping

  • Thinking

  • Choosing to spend or not spend

Teacher reinforces:
“Spending smart starts with thinking.”

Assessment (Informal)

Students can:

  • Explain what spending means

  • Identify a simple spending choice

Take-Home Connection

“Talk with someone at home about one thing money was spent on today.”

Grades 3–5 Lesson Plan

Grade Band: 3–5 (Ages 8–10)

Big Idea

Spending is a choice, and thoughtful spending helps my money last longer.

Learning Objectives

Students can:

  • Explain the meaning of the word spend

  • Identify spending choices and trade-offs

  • Describe what it means to spend wisely

Standards Alignment

  • CEE: Decision Making (costs and benefits)

  • Jump$tart Coalition: Financial Decision Making

  • NFEC: Behavioral awareness

  • CASEL: Self-Control, Reflection

Materials

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

  • Scenario cards (save vs. spend, buy now vs. wait)

  • Chart paper or board

Lesson Flow (20–25 minutes)

1. Word Reintroduction & Meaning Check (4 minutes)

Teacher says:
“Today’s word is spend.”

Ask:

  • “How would you explain what it means to spend money?”

Read the kid-friendly definition.
Invite students to restate it in their own words.

Reinforce:
“Spending means using money to get something in return.”

2. Warm-Up Question (4 minutes)

Ask:

  • “What are some things people spend money on every day?”

List responses.

3. Read & Analyze the Definition (5 minutes)

Read the grown-up definition.

Ask:

  • “What happens when money is spent?”

  • “Why can’t we spend the same money twice?”

Write on the board:
Spend → Result

4. Scenario Activity (8–10 minutes)

Present scenarios and ask:

  • “What are the spending choices?”

  • “What do you give up when you spend here?”

Introduce language:
“Spending one way means not spending another way.”

5. Reflection (4–5 minutes)

Students complete:

  • “One smart way to spend money is…”

  • “I can spend wisely by…”

Assessment (Informal)

Students can:

  • Define spending

  • Identify spending choices and trade-offs

  • Explain what spending wisely means

Take-Home Extension

“Notice one spending choice this week and think about why it was made.”

Grades 6–8 Lesson Plan

Grade Band: 6–8 (Ages 11–13)

Big Idea

Spending choices reflect priorities and affect future options.

Learning Objectives

Students can:

  • Clearly define the word spend

  • Analyze how spending choices involve trade-offs

  • Explain how spending habits affect long-term outcomes

Standards Alignment

  • CEE: Decision Making; Money Management

  • Jump$tart Coalition: Financial Decision Making

  • NFEC: Informed financial behavior

  • CASEL: Self-Management, Responsible Decision-Making

Materials

  • Dictionary definition of Spend

  • Scenario comparison worksheet

  • Optional budget snapshot worksheet

Lesson Flow (30 minutes)

1. Word Reintroduction & Precision Check (5 minutes)

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

Ask:

  • “How would you define spending money?”

  • “What does it mean to spend wisely?”

Read and refine definitions.

2. Opening Question (5 minutes)

Ask:

  • “How do spending choices show what matters to us?”

Discuss priorities and habits.

3. Definition Discussion & Framing (5 minutes)

Ask:

  • “What happens if spending is not planned?”

  • “How does spending affect saving and goals?”

Connect to:

  • Needs vs. wants

  • Short-term vs. long-term thinking

4. Scenario Comparison (10 minutes)

Compare:

  • Impulsive spending

  • Thoughtful spending

Ask:

  • “Which leads to more options later?”

  • “Which supports goals better?”

5. Personal Application (5 minutes)

Students write:

  • One spending habit they have

  • One way they could spend more wisely

  • One future benefit of thoughtful spending

Assessment

Students can:

  • Define spending accurately

  • Explain spending trade-offs

  • Connect spending habits to future outcomes

Real-World Extension

Connect to:

  • Advertising and impulse spending

  • Budgeting

  • Peer pressure and social influence

Teacher Notes

  • Emphasize thoughtful choices, not restriction

  • Reinforce spending as part of a balance with earning and saving

  • Avoid labeling spending as “bad”

  • Pair with dictionary lessons for Earn, Save, Money, and Budget

Bottom Line

The word Spend helps students understand that spending is an active choice. When kids learn to pause, think, and spend wisely, they gain control over their money and make choices that better support their needs, goals, and values.

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