Money Decisions in Your Life

Making Money Decisions

Division III: Gr. 7-9

We will make tens of thousands of money decisions in our lifetime. There are small, everyday type decisions and some very big decisions. It is important to start early to help youth make wise money decisions and, if they are able, to also think about those less fortunate. It is important for youth to consider life goals – both those that can be impacted by money and those that are unrelated to money.

Please Note: Teaching Units provided are for support and consideration by teachers and are not prescriptive.

Learning Map and Supports for Instruction

The “Learning Map” identifies teaching opportunities in Alberta’s curriculum for each topic and you will find them as part of the Support Teaching Materials provided here. Teachers can, of course, integrate the target areas of financial knowledge, skills, attitudes, and behaviours anywhere they can find a fit. The Supports for Instruction provide videos, animations, and links to other resources to support teachers in their efforts to improve the financial literacy of their students.

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Knowledge

What we can do with our money – spend, save, invest, donate
Common money decisions people make
Some major money decisions people face
Steps in making a good money decision
Money can help achieve some life goals – but not all

Skills

Maintain appreciation and respect for the value of money and not waste it
Assess how goods and services differ in value and cost – and why
Use money wisely to spend, save, invest, and help others
Use a decision-making process to make key decisions about money
Help others less fortunate how and when they can

Attitudes/Behaviours

Apply decision-making skills when making key money decisions
Consider the possible impact of their decisions on others and the environment
Think about the future consequences of decisions made today
Make saving a habit if they can
Consider needs of others as well as their own
Set goals and plan ways to achieve them