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2019-2020 Reading Makes CentsElla Earns Her Own MoneyElla Earns Her Own MoneyLessonMove It!Book Synopsis: Ella really wants a soccer ball. But she doesn't have enough money to buy one.Therefore, with guidance from her mom, she decides to earn her own money by providinggoods and services for family and friends. Ella cleans the car for her mom, gives the neighbor'sdog a bath, and sells bracelets she made to earn cash. In the process Ella learns about saving,spending, and donating money.Introduction: Get students moving as they review economic concepts learned in the story EllaEarns Her Own Money.Time Required: 50-30 minutes.Materials:● Copy of book Ella Earns Her Own Money by Lisa Bullard● Construction paper (one sheet for each student)● Copy of student statements● Copy of Economic Concepts chartObjectives:● The students will listen to the story Ella Earns Her Own Money.● The students will participate in a prepared question and answer interactive gamefocusing on economic concepts in the book.● The students will review the economic concepts: allowance, bank, chores, consumer,donate, goods, hire, money, opportunity cost, producer, saving, scarcity, services.Virginia Standards of Learning- History and Social ScienceK.8The student will match simple descriptions of work that people do with the names of those jobs.K.9The student willa) Recognize that people make choices because they cannot have everything they want; andb) Explain that people work to earn money to buy the things they want.1.7The student will explain the difference between goods and services and describe how people areconsumers and producers of goods and services.1.9The student will recognize that people save money for the future to purchase goods and services.Lynne Farrell Stoverstoverlf@jmu.edu1

2019-2020 Reading Makes CentsElla Earns Her Own MoneyProcedure:1. Introduce the lesson by telling the students that the questions asked will be based onthe book Ella Earns Her Own Money.2. Show the students the cover of the book. Show them that the book contains a table ofcontents and glossary.3. Read the book to the class. This takes approximately nine minutes. A YouTube link:https://www.youtube.com/watch?v=rwhoFrYDFyg4. Tell the students they will now do an activity and reviews the story as it covers someeconomic concepts. NOTE: the list of featured economic concepts may be displayed andreviewed either before or after the activity.5. Count the number of students. Provide one sheet of construction paper for eachparticipant.6. Instruct the students to form a large circle, place their construction paper on the floor,and then stand on it.7. Tell the students: “I am going to read a statement then say “now move”. If the statementapplies to you, you must quickly move to a new sheet of paper at least two spots fromwhere you started. If you find yourself without a sheet of paper to stand on, pleasecome to the center of the circle. NOTE TO TEACHER: Prepare to remove one sheet ofpaper as soon as the first statement is read.8. Read the first statement. (see list below) Say “now move.” Reach down and remove onesheet of paper.9. The student left in the center will then share their knowledge or answer the question.[Note: This would be an excellent time to explain to the students that, because therewere not enough pieces on construction paper for everyone to stand on, they have justexperienced scarcity. Define scarcity as, the condition that exists because people’s wantsexceed available resources.10. Read the next statement and follow the same procedure. Repeat the process until all thestatements are read, or time runs out.11. Conclude the lesson by asking the students what they liked best about the activity andcollect the construction paper for recycling.12. Reward the students who were “caught” in the middle by allowing them to be first in theline for lunch, library, computer time, etc.Lynne Farrell Stoverstoverlf@jmu.edu2

2019-2020 Reading Makes CentsElla Earns Her Own MoneyStudent Statements:Move if….1. You remember how much Ella’s weekly allowance was. [$2.00]2. You know how much the new soccer ball would cost Ella [$20.00]3. You can name the place Ella took the money she wanted to save to. [Bank]4. You recall one of the chores Ella was expected to do for her family. [Dust,set table, clean room, feed fish]5. You remember what project Ella was going to donate money to. [Helpinganimals]6. You know what items Ella produced for the twins. [Bracelets]7. You can name a service Ella got paid for. [Pulling weeds, washing a dog,babysitting Aiden]8. You remember what big job Ella’s grandmother hired her to do. [Clean hergarage]9. You know what Ella’s opportunity cost was when she spent $1.00 on a packof gum. [She wasn’t able to use that dollar to help purchase the soccer ball.]10.You think you know why Ella decided, once she earned enough money, towait until the next day buy a new soccer ball. [Answers will vary. Possiblesuggestions include: she was too tired, she wanted to see if it was on sale,she might not have had her money with her.]Economic ConceptsLynne Farrell Stoverstoverlf@jmu.edu3

2019-2020 Reading Makes CentsElla Earns Her Own MoneyAllowance – Money paid to a person, often a child, on a regular basisBank- A place to save money or to do other money businessChores: The everyday Jobs that need to be done by a familyConsumer: A person who uses or buys goods and servicesDonate: To give money away, often to help people or animalsGoods - Things people make or use to satisfy wantsHire: To pay someone to work for youMoney: Anything that serves as a medium of exchangeOpportunity Cost: The next best choice that is given up when you makea decisionProducer: A person who makes goods or provides servicesSaving: Money not spent now so it can be spent in the futureScarcity: The condition that exists because people’s wants exceedavailable resourcesServices: Activities that satisfy people’s wants are servicesLynne Farrell Stoverstoverlf@jmu.edu4

2019 2020 Reading Makes Cents Ella Earns Her Own Money Ella Earns Her Own Money Lesson Move It Book Synopsis Ella really wants a soccer ball But she doesn t have enough money to buy one Therefore with guidance from her mom she decides to earn her own money by providing goods and services for family and friends Ella cleans the car for her mom gives the neighbor s dog a bath and sells bracelets she made to earn cash In the process Ella learns about saving spending and donating money Introduction Get students moving as they review economic concepts learned in the story Ella Earns Her Own Money Time Required 50 30 minutes Materials Copy of book Ella Earns Her Own Money by Lisa Bullard Construction paper one sheet for each student Copy of student statements Copy of Economic Concepts chart Objectives The students will listen to the story Ella Earns Her Own Money The students will participate in a prepared question and answer interactive game focusing on economic concepts in the book The students will review the economic concepts allowance bank chores consumer donate goods hire money opportunity cost producer saving scarcity services Virginia Standards of Learning History and Social Science K 8 The student will match simple descriptions of work that people do with the names of those jobs K 9 The student will a Recognize that people make choices because they cannot have everything they want and b Explain that people work to earn money to buy the things they want The student will explain the difference between goods and services and describe how people are consumers and producers of goods and services The student will recognize that people save money for the future to purchase goods and services 1 7 1 9 Lynne Farrell Stover stoverlf jmu edu 1

2019 2020 Reading Makes Cents Ella Earns Her Own Money Procedure 1 Introduce the lesson by telling the students that the questions asked will be based on the book Ella Earns Her Own Money 2 Show the students the cover of the book Show them that the book contains a table of contents and glossary 3 Read the book to the class This takes approximately nine minutes A YouTube link https www youtube com watch v rwhoFrYDFyg 4 Tell the students they will now do an activity and reviews the story as it covers some economic concepts NOTE the list of featured economic concepts may be displayed and reviewed either before or after the activity 5 Count the number of students Provide one sheet of construction paper for each participant 6 Instruct the students to form a large circle place their construction paper on the floor and then stand on it 7 Tell the students I am going to read a statement then say now move If the statement applies to you you must quickly move to a new sheet of paper at least two spots from where you started If you find yourself without a sheet of paper to stand on please come to the center of the circle NOTE TO TEACHER Prepare to remove one sheet of paper as soon as the first statement is read 8 Read the first statement see list below Say now move Reach down and remove one sheet of paper 9 The student left in the center will then share their knowledge or answer the question Note This would be an excellent time to explain to the students that because there were not enough pieces on construction paper for everyone to stand on they have just experienced scarcity Define scarcity as the condition that exists because people s wants exceed available resources 10 Read the next statement and follow the same procedure Repeat the process until all the statements are read or time runs out 11 Conclude the lesson by asking the students what they liked best about the activity and collect the construction paper for recycling 12 Reward the students who were caught in the middle by allowing them to be first in the line for lunch library computer time etc Lynne Farrell Stover stoverlf jmu edu 2