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A successful lesson plan can help a child develop foundation necessary to build important money management skills that they will need through out their lifetime. Understanding basic financial tools, will help students manage their money, stay within budget and problem solve. Timothy Liptrap, a co-author of 68 page lesson plan How to Write Checks states "students, who understand how to budget, spend and manage their money, will be better off than many adults in today's world."
According to Liptrap, Teachers who create their own lessons should "keep lesson plan practical" while teaching conceptual skills. "Each month when a parent sits down to pay bills, they should have their child pull-up a seat to assist and learn. A lesson plan should replicate this experience in classroom by providing practice checks, bank statements, mock invoices and check registers for each student."
Copyright 2003. Timothy Liptrap
Timothy Liptrap, is VP of Education and Develoment for the free 101 Financial Lessons newsletter. Visit http://www.101financiallessons.com for more information. The newsletter provides teachers and parents materials and ideas to teach money.