← Money Smart: Setting Goals (Grades 3-5)
Flashcards
Money Smart: Setting Goals (Grades 3-5)
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Money Smart: Setting Goals (Grades 3-5) — Flashcards
| Front | Back |
|---|---|
| What is a goal? | Something you plan to achieve. |
| What is a short-term goal? | Something you want to achieve soon, such as today, this week, or next month (e.g., getting a good grade on an upcoming test). |
| What is a long-term goal? | Something you want to achieve in the future, such as in one year, five years, ten years, or more (e.g., learning to play the violin or going to college). |
| Why is it important to set goals? | Setting goals helps you focus on the things you want to achieve. |
| What is a savings goal? | The amount of money you plan to put aside for a specific purpose, such as buying something. |
| Advertisement (Ad) | A public notice or announcement that a company pays for to help promote and increase sales of a product or service. |
| What is the purpose of advertising? | To persuade others to buy the product so the company who paid for the ad can make money. |
| How might advertising influence spending decisions? | It may influence you to want to spend money instead of saving it, or to spend more money than you were planning to spend. |
| Example of a short-term goal | Getting a good grade on an upcoming test. |
| Example of a long-term goal | Learning to play the violin or going to college. |
| Book: "It's a Habit, Sammy Rabbit!" | By Sam X Renick — Sammy learns a secret about saving that helps his whole family. |
| Book: "Danny Dollar Millionaire Extraordinaire—The Lemonade Escapade" | By Ty Allan Jackson — Eleven-year-old Danny Dollar chases his dream to become a millionaire while teaching readers about financial literacy. |
| Book: "Lulu Walks the Dogs" | By Judith Viorst — Lulu works to earn money to reach her mysterious "super special" long-term goal. |
| FTC Admongo | An adventure game to learn about ad literacy (http://game.admongo.gov). |
| PBS Don't Buy It | Fun quizzes to learn about advertising tricks (http://pbskids.org/dontbuyit). |
| "Create a Goals Chart" activity | A home activity where family members share short-term and long-term goals and track progress together on a chart. |
| "Talk About Commercials" activity | A home activity discussing the purpose of commercials, how they try to influence buyers, and who the intended audience is. |
| "Open an Account" activity | A bank activity where a child opens a savings account to save toward a long-term spending goal using earned or gifted money. |
Original licensed under Public Domain. This teaching material is provided free by OER.ai.