Class: Primary 4
Term: 2nd Term
Week: 7
Age: 9 years
Duration: 40 minutes
Subject: National Values Education
Curriculum Theme: Social Studies
Previous Lesson: Meaning of Agricultural Industry and Division of Labour
Topic: Meaning and Modes of Savings
Content: Meaning of savings, Modes of savings

Performance Objectives

By the end of the lesson, pupils should be able to:

Cognitive Domain: Define savings and list five modes of savings.
Affective Domain: Explain the importance of savings and demonstrate a willingness to save.
Psychomotor Domain: Illustrate modes of savings using drawing or role-play.
Social Domain: Discuss with peers how savings can be useful in group projects or family situations.

Reference Materials

The following resources were used in planning this lesson:

9 – Years Basic Education Curriculum
Abuja Educational Resource Centre Scheme of Work
NAPPS National Unified Scheme of Work
Online Information from: Merriam-Webster – Saving Definition & Meaning
Relevant Textbooks

Instructional Materials

The teacher will teach this lesson with the aid of:

Pictures or charts showing various modes of savings.
A piggy bank.
Play money or real coins/notes.
Whiteboard and marker.

Rationale for the Lesson

Understanding the meaning and modes of savings equips pupils with financial literacy skills and the knowledge to manage their resources wisely.

Prerequisite/Previous Knowledge

Pupils have an understanding of agriculture and its role in generating income, which sets the foundation for discussing savings.

Instructional Procedures

To deliver this lesson, the teacher will adopt the following steps:

Content Development	Time	Teaching Method	Teaching Strategy	Teacher’s Activity	Pupils’ Activity	Learning Point
Step 1: Introduction	5 minutes	Set induction	Question and answer	Asks pupils what they do with extra money they receive.	Respond and share personal experiences.	Pupils understand the purpose of saving money.
Step 2: Explanation	10 minutes	Direct instruction	Demonstration	Explains savings and its benefits, shows a piggy bank.	Listen attentively and ask questions.	Pupils learn the definition and benefits of savings.
Step 3: Modes of Savings	10 minutes	Discussion	Interactive teaching	Discusses and lists modes of savings (e.g., piggy bank, bank account).	Contribute ideas and identify the modes.	Pupils can identify different modes of savings.
Step 4: Practical Activity	8 minutes	Group activity	Hands-on practice	Provides play money and asks pupils to act out saving scenarios.	Actively participate in group tasks.	Pupils practice saving in practical scenarios.
Step 5: Note-taking	5 minutes	Guided writing	Collaborative learning	Writes key points on the board for pupils to copy.	Copy the notes from the board.	Pupils have a reference guide to the lesson content.
Step 6: Evaluation	2 minutes	Oral questioning	Recap and feedback	Asks questions based on the lesson objectives.	Respond to questions.	Pupils demonstrate understanding through answers.
Step 7: Conclusion	2 minutes	Summary	Reinforcement	Summarizes the lesson and emphasizes its importance.	Reflect on what they learned.	Pupils are reminded of key points and their relevance to daily life.

Lesson Content

Meaning and Modes of Savings

Savings means keeping money aside for future use instead of spending it immediately. This helps in times of need or to achieve a financial goal.

Modes of Savings

Piggy Bank: A small container used to save coins or small amounts of money.
Bank Account: A safe place to save money and earn interest.
Cooperative Society: A group of people saving money together for mutual benefit.
Savings App or Wallet: Digital platforms to save money securely.
Investments: Saving money by buying shares or bonds for future profit.

Lesson Evaluation

To evaluate the learning, the teacher asks pupils to:

Define savings in their own words.

List five modes of savings.
Explain why saving money is important.
Role-play saving money in a piggy bank.
Discuss how savings can help in an emergency.

Note for Teachers Using This Lesson Plan

Encourage pupils to think of creative ways to save and share their ideas with the class. Use practical examples to make the concept relatable. Happy teaching!

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Meaning And Modes Of Savings (Primary 4)