Understanding various means of payment
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Age group
Students ages 10 and 11
When
November and December
Time required
6 hours 15 minutes
Broad areas of learning
Environmental awareness and consumer rights and responsibilities
Activity summary
Students will learn the pros and cons of different payment methods as well as good practices for using them and protecting their personal information. They will prepare an awareness campaign to inform their peers about safe financial practices. Students will consolidate their learning by writing a fact sheet for parents to read as the holidays approach.
Financial skills
- Identifying ideal situations for using a debit card
- Recognize different forms of payment
- Protecting personal information
Competencies
Subject-specific competencies targeted
Subject | Competency | Progressions of learning |
|---|---|---|
English |
|
|
Other subject-specific competencies
- Visual arts: Media creation
- Dramatic arts: Acting
- Mathematics: Use of percentages, statistics, diagrams, etc.
Cross-curricular competencies
- Cooperates with others
- Adopts effective work methods
Preparation
Students will learn about the pros and cons of the different forms of payment.
Time required
60 minutes
Task 1
Present the payment methods
Task 1 objective
By the end of this task, students will be able to identify the pros and cons of paying with cash or debit and credit cards.
Instructions
- Ask the students to say the payment methods they know and the best times to use each one.
- Hand out the first page of the Safe Practices Guide
- Ask the students to fill in the Pros and Cons of Payment Methods sheet based on their current knowledge.
- Show the Payment methods video to stimulate thinking.
- Ask the students to fill the sheet in again with the information from the video.
- Lead a class discussion and correct the sheet as a class.
Development
Students learn about safe financial practices relating to payment methods and share them with their peers.
Time required
2 hours
Task 1
Think about safe financial practices
Task 1 objective
By the end of this task, students will be able to identify risky financial behaviour shown in scenarios.
Instructions
- Distribute pages 2 and 3 of the Safe Practices Guide to the students and give them time to read them.
- Form 4 teams.
- Give each team one of the 3 scenarios and the worksheet.
- Explain to the students that they must find the risky behaviour and suggest better actions.
- Review it with the students and ask each team to present their scenario and recommendations.
Time required
Varies depending on the project chosen.
Minimum: 90 minutes
Teaching material
Task 2
Create a survey
Task 2 objective
By the end of this task, students will be able to identify their friends’ and family members’ risky financial behaviour when making purchases.
Instructions
- Encourage students to think about how their peers and other students protect their personal information when they make purchases.
- Ask students to think of questions about payment and purchasing practices in groups of 2 or 3.
- Put all the questions together to form a group survey. The survey must include multiple choice and open questions.
- Set a deadline for other students in the class or school, friends or parents to complete the survey.
- Ask the students to compile and analyze the survey results using their math skills (graphs, percentages, etc.).
- As a group, draw on one or more of the analysis findings and determine insights that the students will keep in mind when creating the awareness campaign.
Time required
Varies depending on the project chosen.
Minimum: 90 minutes
Teaching material
Task 3
Spread awareness of safe financial practices
Task 3 objective
By the end of this task, students will be able to organize an awareness campaign on safe financial practices.
Instructions
- Form teams of 2 or 3 students using the sociogram..
- Ask each team to choose a practice they would like to promote.
- Ask each team to create an attention-grabbing slogan.
- Present the criteria in the evaluation grid.
- Hand out the material.
Evaluation
Students are evaluated based on the media they create.
Time required
Time included in the activity + 15 minutes
Teaching material
Task 1
Evaluate writting skills
Task 1 objective
By the end of this task, students will be evaluated based on the writing abilities shown in their projects.
Instructions
- Use the evaluation grid to assess the students’ writing skills.
- Review the evaluation with the students.
Reinforcement
Students tell their parents about safe financial practices they should adopt as the holidays approach.
Time required
Varies
Suggest that students prepare a fact sheet for parents offering safety tips for online and credit card purchases.