T E a C H E R ' S G U I

EDITION 4 TEACHER’S GUIDE

edition 4 • november 2015 • vol. 2 • no. 3 Made possible by the PwC Charitable ® Foundation

original fully vector logo, restored 2/2015 (Old embedded letter “S” that we created as ver 7, we decided was NG. This is now version 8) financial literacy for kids VoL. 2, No. 3 helping hands ® november 2015 There are many ways to make

the world a original fully vector logo, restored 2/2015 (Old embedded letter “S” that we created as ver financial literacy for kids better place. 7, we decided was NG. This is now version 8) learn about five kids who are making a difference. From the Editor: Thanks to the PwC Charitable Foundation, TIME For Kids is

As a volunteer for The Miracle League, Lauren pleased to offer teachers, students, and their families a monthly financial- Kassin helps Jimmy Dingee play baseball. literacy magazine. —Nellie Gonzalez Cutler, Editor, Time For Kids Teaching the cover story

timeforkids.com changing lives What’s Inside SUMMARY each Post-it next to the kid in the • Find out how five kids are cover story who most displays Meet five kids who are working working to make the world a the trait on the note. Discuss to make the world a better better place. students’ choices. Remind them place by starting charities, rais- to support their choices with • Discover the benefits of giving ing money, and volunteering. your time and money to a good evidence from the text. cause. TEACHING TIPS Build Vocabulary • Financial expert Jean Chatzky Define Words in Context advises readers on spending, Before Reading Check Prior Knowledge • Have students read the definition saving, and donating their • Ask: What is a volunteer? What of nonprofit in the Power Words money. are some ways that volunteers box on page 3. Ask: What type • Look inside for tips on how to might help people in their com- of nonprofit would you start? make sure a charity is legitimate. munities? Is it more beneficial Explain. to volunteer your time or donate Start a Discussion money to help others? Explain. Critical Thinking a note Make Real-World Connections • Have students underline Jonas from • Brainstorm with your class a list Corona’s quote on page 2. of ways that students can lend a Ask: Can you describe in your Jean hand in their community. own words what Jonas is say- Dear Teachers, Build Comprehension ing? Do you agree? Explain. I remember the first time my Recall Key Details Extend Learning son came home and told me • Read the cover story together, stop- Do the Math he’d made a contribution to ping to discuss important details. • Have students re-read the sec- a schoolmate’s lunch-hour Ask: How did volunteering affect tion about Claire Sammons. fundraising campaign. “How Lauren Kassin? What did Jonas Challenge them to answer these Corona do when he was told he was questions about her charity: much did you give?” I asked him, too young to volunteer? Who does referring to his allowance. “All 1) How many luminarias did Share the Light benefit? What does Claire’s charity make in the past of it,” he said, as if that was the Nicolette Narine do as a volunteer? two years? ($2,000 ÷$5= 400) most natural thing in the world. Infer Character Traits 2) How much did Claire spend Kids are innately so generous • Provide students with four Post- altogether? (400 x $.50=$200) that the challenge of this issue it notes. Tell them to write one 3) How much money does Claire wasn’t finding children to feature of the following words, along have left after subtracting her but rather unearthing so many with the definition, on each: expenses? ($2,000–$200=$1,800) that it became difficult to choose. determined, responsible, considerate, Ask students to demonstrate how and creative. Have students place they solved the problems. I hope their stories will inspire

COURTESY JEAN CHATZKY you and your students. FINANCIAL-LITERACY COMMON CORE STATE STANDARDS ADDRESSED STANDARDS ADDRESSED Happy Thanksgiving! Grades K–12 I. Earning Income Grade 4 RI.4.1, RI.4.4, SL.4.1, 4NBT.B.4, Jean II. Buying Goods and Services 4NBT.B.5, 4NBT.B.6 TEACHER’S GUIDE Your Name Date

financial literacy for kids Teaching School / Home page 4 CONNECTION HELP IS ON THE WAY!

It Feels Good to Give Back The chart lists charities and how they help others. Use the chart to answer the questions. It’s better to give than to receive is not just an expression, it’s a TEACHING TIPS Share these

fact! Studies have ( from shown that giving back dog makes you feel good. When you give money ) or time to a cause you

tips with your left care about, you’re Use these tips aed rewarded with feel- good brain chemicals, Pawsitivity Pets on Wheels Second Chance Toys Kiva Microfunds : ( like dopamine. It students’ gafur makes you healthier, heart too. People who spend to support close

time or money on i m ag e s charity sleep more,

exercise more, and galib

families. ) stress less. DAVE KOTINSKY—UNICEF/GETTYDAVE IMAGES

reading of page 4. vecteezy

ASK JEAN — dreamstime Jean Chatzky is a money expert. How do I determine how ; ( co m s to ck COURTESY JEAN CHATZKY much money to spend, put in a savings GETTY IMAGES GETTY account, or donate to charity? paw —Julia Darcy, 13, Bolton, Massachusetts Make a habit of saving 15% of any money $ you have—that means 15¢ of every dollar of ) your allowance, birthday gifts, or paycheck. Is This Charity Legit? istock . Hold onto that habit; it will set you up for Before you donate to any charity, take these Encourage students to work with a parent to com three steps to make sure it’s legitimate. • financial success as an adult. How much to give to charity is often a family decision. 1. Get the details. Ask for the group’s exact Some families tithe, which means giving Build ; ( name, address, and telephone number.

10% of their income to their place of worship. . toy complete the Try It activities on the worksheets on com On average, Americans give about 3% of 2. Research its reputation. Go online with their income to charities. So, bottom line: your parents. Plug in the charity’s name,

Put at least 15% into savings (more if you’re along with the word complaint or scam. ) / getty saving for something special that you want Comprehension freevector 3. Check it out on a trustworthy site. $ to buy down the road), talk with your family pages 3 and 4 of this guide. Use the following websites to double- about how much to give to charity, and give check that your charity is real: give.org, yourself permission to spend the rest. charitynavigator.org, charitywatch.org, or

guidestar.org. (Tip: These sites are also good Draw Conclusions Do you have a question? Write to Jean at images [email protected]. for finding charities in your area!) • Challenge students to work with a parent to research 4 Made possible by the PwC Charitable Foundation Please recycle this magazine. Have students read the • ; ( / mrplumo Ask Jean feature. Tell local charities. Encourage them to choose one money

charity to help, even if it is in a small way. Provide )

them to write a para- freepik .; graph explaining why families with the following questions to discuss This charity trains This charity sends This charity collects This charity . they agree or disagree beforehand: How can we help a local charity? Can dogs to help dogs into nursing used plastic toys provides small com Before Reading with the percentage of we donate goods or money? Can we volunteer our autistic children. homes and that are in good loans. People use Make Predictions money Jean Chatzky time? Ask students to share their family volunteer Autistic children hospitals to cheer condition. Then it the money to start • Tell students that suggests students should experience with the class. studies show that giving save. If they disagree, have trouble up people. donates the toys to a business, go to money or time to a students should suggest • Have students share the money tip from Jean Chatzky communicating children in need. school, or achieve cause not only makes a different percentage of on page 4 of the magazine with a family member. Ask with others. other goals. you feel good, it makes money to be saved and them to create a savings plan. This should include the you healthier too. explain their reasoning. percentage of all money gifts or earnings that will be pawsitivityservicedogs.com petsonwheels.org secondchancetoys.org kiva.org Ask: How might these saved and the percentage that can be spent. healthy feelings affect Extend Learning your everyday life? Do Research • Brainstorm with the 1 . Which charity sends dogs into hospitals to cheer up patients? Start a class a list of charitable ADDITIONAL RESOURCES Discussion causes. Tell students to councilforeconed.org/standards 2 . Which charity helps children while also recycling? Critical Thinking pick their favorite cause. Visit the Council for Economic Education’s website Have students read Then do research to 3 . How does Kiva Microfunds help people? • for free teaching resources and to download the “It Feels Good to Give find organizations that Back.” Ask: How does work toward the same K–12 national standards for financial literacy. giving back affect us? goal. Finally, challenge The Kids’ Guide to Service Projects Does this information students to follow the By Barbara A. Lewis (Free Spirit Publishing, 2009) inspire you to give steps in “Is This Charity 4 . How can you help Second Chance Toys achieve its goal? Describe one way. back? Why or why not? Legit?” to make sure This book provides hundreds of ways for kids to Do you agree that it’s the organizations they give back. better to give than to discovered are worth receive? Explain. supporting. Answer Key for worksheets FINANCIAL-LITERACY STANDARDS ADDRESSED 5 . Which of the four charities listed would you want to help? Why? Grades K–12 I. Earning Income II. Buying Goods Help Is on the Way! and Services III. Saving 1 . Pets on Wheels 2. Second Chance Toys COMMON-CORE STATE STANDARDS ADDRESSED 3. Kiva Microfunds gives loans to help people start Grade 4 RI.4.1, RI.4.7, SL.4.1, W.4.1 a business, go to school, or achieve other goals. 4.–5. Answers will vary. Try It Talk with a parent about your ideas for starting a charity. Then Do Your Part make a plan. Describe the charity’s goals. Whom will the charity Steps 1.–6: Answers will vary. Made possible by the help? How will it raise money? Made possible by the

financial literacy for kids DO YOUR PART Follow the steps below to plan a fundraiser. Donate the money to your favorite cause.

Step 1: pick a cause Which cause would you like to help with the money you raise? ❍ ending hunger ❍ finding a cure for a disease ❍ protecting an endangered species ❍ other

Step 2: BRAINSTORM Make a list of ways to raise money. For example, you could hold a bake sale or do yard work. Write two ideas here. Circle the one you choose.

Step 3: ESTIMATE COSTS Step 4: SET A GOAL List the materials you will need and their Plan ahead to make sure you reach your cost. fundraising goal. Materials Cost Fundraising goal $ Cost of materials – $ Donation total $ Total

Step 5: GET HELP Write the name of one friend or family member who can help. Explain your choice.

Step 6: SPREAD THE WORD Design a flyer to let others know about your fundraiser. Include important information, such as date, time, and location. Use the back of this page.

Try It Ask a parent to help you put your fundraising plan into action. Together, choose an appropriate charity for the money you raise.

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