The Teacher's Curriculum Institute (TCI) website has created an interesting lesson plan that deals with teaching kids how to comparison shop, be a smart credit card user and evaluate the importance of quality product research prior to shopping (especially on Black Friday). The activity begins with having students come up with a list of products they would buy if given the chance to attend a Black Friday shopping event. Each student is given a $300 cash budget and a $500 credit card limit.
The second part of the project has students work in groups of 4 to prepare shoppers for the upcoming shopping season via a news conference. Students must conduct research on products, create resources and present their findings to their peers.
I think this is a neat way to expose students to the concepts of financial management, shopping sales and Black Friday. This is an activity that I will most likely implement this week into my classroom! Thanks for the post!
http://blog.teachtci.com/black-friday-financial-literacy-lesson
Hello Nichole, I teach a Personal Finance class in the Spring and love the activity you have. Students rarely think about how much they are spending and when to use cash versus credit. I plan on using this, with a couple of modifications, in the Spring. Thanks!
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