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A Pocketful
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Pencil Activity for You and Your Child.

I have Five Dollars Today   ( Print this page )

Teaching tip:  Children, like all other people, have limited incomes and relatively unlimited wants.  As a  result, they must make spending choices as consumers. Consumers need to consider the opportunity cost when a spending choice is made.  The best consumer choice is the one that provides the most satisfaction for the individual making the choice.  This would not be the same choice for all consumers. This activity can help you guide your child in making wise spending choices.

Instructions:  Tell your child to pretend that he or she has five dollars today. Explain that he or she should draw and/or write about where the money came from in the left column below and where the money will go in the right column.