Part of Unit: Personal Finance
Lesson Plan Overview / Details
This lesson helps students understand how one financial decision they make might means making additional decisions which are called “satellite decisions.” Students will learn the decision making process as it relates to buying their first car.
To the Instructor
Lesson 3 is the third lesson in a series of 4 lessons for Unit One, "Your Financial Plan: Where It All Begins." There are 7 units to this course. The National Endowment for Financial Education (NEFE) has a student guide workbook as well as an Instructors Manual (IM) that you need to download which is free of charge. Go to http://hsfpp.nefe.org/ for this free program, then click on Instructor at the top of the page and register to use this Financial Planning Program for high schools. You can also request free workbooks for your students to use and take home as well. You will have access to the IM which is online. There are chapter assessments at your fingertips for each unit as well. The NEFE website has videos, PowerPoint presentations, copy of the entire IM and student workbooks, and much more. This unit will take 4 to 6 class periods to complete depending on class schedules and added activities for student retention.
- 50 Minutes
California Career and Technical Education Standards
- FB.FS.11.0 Demonstration and Application
- FB.FS.5.1 Apply appropriate problem-solving strategies and critical thinking skills to wor...
- FB.FS.5.2 Understand the universal, systematic problem-solving model that incorporates inp...
- FB.FS.5.3 Use critical thinking skills to make informed decisions and solve problems.
- FB.FS.7.2 Understand the importance of accountability and responsibility in fulfilling per...
- FB.FS.9.3 Understand how to organize and structure work individually and in teams for effe...
California Academic Content Standards (Reinforced)
- ELA.9-10.R.CAGT.2.3 Generate relevant questions about readings on issues that can be researched.2
Upon completing this lesson, students will be able to:
- Work through a decision making process as it relates to a plan of action
- Identify potential roadblocks to following through with their decisions
- Make realistic additions and/or changes to their decisions
Activities in this Lesson
- Bell Work - Hooks / Set
Time: 15 Minutes
To be put on the board before students enter the classroom
“Read pages 9-10 and work with a partner or two to complete Exercise 1D to help Rob out with some solutions.”
Time: 15 Minutes
Show the video with this lesson. Then draw circles on the board to create the “Satellite Decisions” making process as in exercise 1E and have students decide what decisions need to be made in order to take a class trip.
Time: 20 Minutes
(Sample of the answers is in the instructors manual)
Students are to work in pairs to complete Exercise 1F “Deciding to Buy a Car.” Make sure to tell them to identify their criteria before considering any options. On the board, list their answers.
- Go over what was learned today
- Have a short discussion about how creating different options in purchasing a car go hand-in-hand with the decision making process
- Creating your financial plan
- Strategies to use to stick to you plan