- Class: Primary 3
- Term: 2nd Term
- Week: 8
- Age: 8 years
- Period:
- Duration: 40 minutes
- Date:
- Subject: National Values Education
- Curriculum Theme: Social Studies
- Topic: Saving
- Content: Meaning, reasons, and methods of saving
Specific Objectives:
By the end of the lesson, pupils should be able to:
- Cognitive Domain: Define saving, list 2 reasons for saving, list 2 methods of saving.
- Affective Domain: Recognize the importance of saving for future goals.
- Psychomotor Domain: Demonstrate simple methods of saving.
- Social Domain: Discuss the concept of saving in group activities.
Reference Materials:
- 9 – Years Basic Education Curriculum
- Abuja Educational Resource Centre Scheme of work
- NAPPS National Unified Scheme of Work
- Online Information
- Textbooks
Instructional Materials:
- Pictures or illustrations of savings
- Chart paper and markers
- Piggy banks or small containers
- Real or play money
- Storybooks on saving
Rationale for the Lesson:
Understanding the concept of saving is crucial for instilling financial responsibility, planning, and achieving future goals. It cultivates values that contribute to personal and societal well-being.
Prerequisite/Previous Knowledge:
Students should have a basic understanding of money and simple arithmetic.
INSTRUCTIONAL PROCEDURES:
Content Development: Saving
| Content | Time | Teaching Method | Teaching Strategy | Teacher’s Activity | Pupils’ Activity | Learning Point |
|---|---|---|---|---|---|---|
| Introduction | 5 mins | Discussion | Question and Answer | Introduce the topic of saving and its importance. | Respond to questions and engage in discussions. | Understand the importance of saving. |
| Define Saving | 5 mins | Explanation | Direct Instruction | Define saving and provide examples. | Listen and take notes. | Define saving and recognize its meaning. |
| Reasons for Saving | 5 mins | Group Discussion | Cooperative Learning | Discuss reasons for saving in small groups. | Share reasons within the group. | List at least 2 reasons for saving. |
| Methods of Saving | 5 mins | Demonstration | Modeling | Demonstrate simple methods of saving (using piggy banks). | Imitate the saving methods demonstrated. | List at least 2 methods of saving. |
| Group Activity – Social | 5 mins | Group Work | Cooperative Learning | Engage students in a group activity to discuss saving. | Participate actively in the group discussion. | Understand the social aspects of saving. |
| Note Taking | 5 mins | Writing | Direct Instruction | Summarize key points on saving for note-taking. | Take notes based on the teacher’s summary. | Reinforce understanding through note-taking. |
| Evaluation | 2 mins | Question and Answer | Assessment | Ask questions to assess understanding of the topic. | Respond to questions individually. | Assess pupils’ comprehension of the lesson. |
| Conclusion | 3 min | Recap | Reflection | Summarize the lesson and highlight the importance of saving. | Share reflections or ask questions for feedback. | Recap the importance and key concepts of saving. |
Classroom Note:
Saving:
Saving is the act of setting aside a portion of income or resources for future use rather than spending it immediately.
Reasons for Saving:
- Emergency Fund: Save for unexpected expenses or emergencies.
- Future Education: Save for educational expenses, ensuring funds are available for school fees or further studies.
- Big Purchases: Save for significant purchases, such as a home, a car, or other major investments.
- Travel and Leisure: Save for vacations or leisure activities, allowing for enjoyable experiences without financial stress.
- Retirement: Save for retirement to maintain financial stability and meet living expenses during the post-working years.
Methods of Saving:
- Piggy Bank or Jar: Use a piggy bank or jar to collect loose change or small amounts of money regularly.
- Bank Savings Account: Open a savings account in a bank to deposit and accumulate money over time, earning interest.
- Automatic Transfers: Set up automatic transfers from the main account to a savings account, ensuring regular savings.
- Investments: Invest in low-risk options like mutual funds or government bonds to grow savings over the long term.
- Budgeting: Plan and stick to a budget, allocating a specific portion of income to savings each month.
Evaluation:
- What is the meaning of saving?
- List two reasons for saving.
- Mention two methods of saving.
Note to Teachers:
Customize the lesson content, teaching methods, and pupil activities to suit your teaching style, curriculum, and available resources.
