1. Budgeting for new Pet Gr. 2 Financial Literacy
SS.4.FL.3.2 Explain that when people save money, they give up the opportunity to buy things now in order to buy things later.
SS.4.FL.2.7 Planning for spending can help people make informed choices. Develop a budget plan for spending, saving, and managing income.

2. How can a budget help you plan for the ownership of a new pet?
Grade 2 Financial Literacy
SS.4.FL.3.2, SS.4.FL.2.7
Essential Question
How can a budget help you plan for the ownership of a new pet?
Do: Have students share what they know about caring for a pet. In addition to playing with your pet and cleaning up after it, encourage students to consider the costs of caring for a pet long term.

3. Long Term Pet Care Costs
Grade 2 Financial Literacy
SS.4.FL.3.2, SS.4.FL.2.7
Long Term Pet Care Costs
Cash
Do: Briefly help students explore some of the long term costs associated with caring for a pet dog and cat using the image. What can students conclude about pet ownership?
Image Source:

4. Long Term Pet Care Costs
Grade 2 Financial Literacy
SS.4.FL.3.2, SS.4.FL.2.7
Long Term Pet Care Costs
Cash
Do: Briefly help students explore some of the long term costs associated with caring for a pet dog and cat using the image. What can students conclude about pet ownership?
Image Source:

5. Grade 2 Financial Literacy
SS.4.FL.3.2, SS.4.FL.2.7
In many countries, children are required to do chores around the house. Chores can be defined as little jobs you do around the house to help keep everything clean and orderly.
Say: In many countries, children are required to do chores around the house. Chores can be defined as little jobs you do around the house to help keep everything clean and orderly.
Do: Ask students to share what chores they currently do around their house.

6. Grade 2 Financial Literacy
SS.4.FL.3.2, SS.4.FL.2.7
In the United States, many parents ask their children to do chores in order to earn an allowance. An allowance is an amount of money paid on a weekly or monthly basis. Allowances allow children to have some pocket money to spend as they seem fit.
Say: In the United States, many parents ask their children to do chores in order to earn an allowance. An allowance is an amount of money paid on a weekly or monthly basis. Allowances allow children to have come pocket money to spend as they seem fit.

7. Grade 2 Financial Literacy
SS.4.FL.3.2, SS.4.FL.2.7
A budget is a good way to keep track of how much you earn, spend, and save. If you're careful, you can save your allowance for something awesome -instead of waiting to see if you get it for your birthday.
If I save my allowance each week, I have enough money to buy a new video game title each month.
I can also increase my allowance by taking on additional chores around the house.
Say: A budget is a good way to keep track of how much you earn, spend, and save. If you're careful, you can save your allowance for something awesome – instead of waiting to see if you get it for your birthday.
Do: Have students analyze the boy’s speech bubbles. What additional information does it reveal about allowances?

8. Grade 2 Financial Literacy
SS.4.FL.3.2, SS.4.FL.2.7
A budget also helps you decide if you can afford something. Brianna really wants her own cell phone. A cell phone costs about $50 per month, Her allowance is $10 per week. Can she afford a cell phone? Why or why not?
Say: A budget also helps you decide if you can afford something. Andy reall wants her own cell phone. A cell phone costs about $50 per month. Andy’s allowance is $10 per week. Can she afford a cell phone? Why or why not?

9. September 18, 2018September 18, 2018

10. Grade 2 Financial Literacy
SS.4.FL.3.2, SS.4.FL.2.7
Just like Ariana, you are about to go shopping for a new pet. You will developing a budget to help you calculate the costs of caring for your pet.
Say: Just like Ariana, you are about to go shopping for a new pet. You will developing a budget to help you calculate the costs of caring for your pet.

11. Let’s practice: Sample Pet Care Budget
Grade 2 Financial Literacy
SS.4.FL.3.2, SS.4.FL.2.7
Let’s practice: Sample Pet Care Budget
PET CARE BUDGET
INITIAL COST
ANIMAL
SHELTER
FOOD
EXTRAS
I know that hamsters are solitary animals, so I not get a playmate for my hamster.
$11.99
Hamsters like exercise and activities, so I will get a cage that has a wheel and tubes.
$29.99
This bag of food will last about two months. So if I should budget about $3 a month for the food.
$4.99
Say: Let’s practice creating our own pet care budget. Consider the long term costs of caring for your pet and how much allowance money will you need to pay for the monthly care of this pet.
Do Guide students through the process of budgeting for a hamster. Be sure to have students explain the thinking rationales used during the development of the budget. The following discussion questions can be used:
Why did this person choose to purchase one hamster instead of two? (hamsters are solitary animals)
What information did this person use to help select an appropriate cage for the hamster? (hamsters like exercise and activities)
Which pet supplies will need to be replenished on a regular basis? (food and shavings)
How do the initial costs of a pet compare to its monthly care costs? (initial costs are greater than monthly costs)
Why is it a good idea to round costs up and always set aside a few extra dollars? (prices change, tax)
What could this person do to help save some money each month? (find and use coupons, purchase sale brands)
I’m getting a water bottle and the shavings for the bottom of the cage. I’ll need to purchase more shavings each month.
$ $9.99
ROUND UP:
TOTAL: About $62
MONTHLY COSTS:
TOTAL: About $15

12. Are you ready to go shopping for your new pet?
Grade 2 Financial Literacy
SS.4.FL.3.2, SS.4.FL.2.7
It’s time for you to go shopping for your new pet. You will also be developing your own pet care budget. You will select your pet from one of the four categories below:
Pet Fish
Pet Rodents
Pet Reptiles
Pet Birds
Your teacher will provide you with a pet care information sheet which includes costs of housing, food, and other supplies. You will also be given a pet care budget sheet.
Say: It’s time to go shopping for your new pet. You will also be developing your own pet care budget. You will select your pet from one of the four categories below:
Pet Fish
Pet Rodents
Pet Reptiles
Pet Birds
Your teacher will provide you with a pet care information sheet which includes costs of housing, food, and other supplies. You will also be given a pet care budget sheet.
Are you ready to go shopping for your new pet?

13. Grade 2 Financial Literacy
SS.4.FL.3.2, SS.4.FL.2.7
A pet is a long term commitment. After the initial costs of getting your new pet and its housing, how much money do you need in order to continue caring for your pet each month?
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Description
Amount
Animal
Shelter
Food
Extras 1
Extras 2
Extras 3
Extras 4
Extras 5
MONTH 1 TOTAL COST
MONTH 2 TOTAL COST
MONTH 3 TOTAL COST
MONTH 4 TOTAL COST
MONTH 5 TOTAL COST
MONTH 6 TOTAL COST
Say: A pet is a long term commitment. After the initial costs of getting your new pet and its housing, how much money do you need in order to continue paying to provide for your pet each month?
Do: Display this slide when reviewing students’ pet budgets. Spaces have been left for you to use your whiteboard features to write in the numbers.

14. How can a budget help you plan for ownership of a new pet?
Grade 2 Financial Literacy
SS.4.FL.3.2, SS.4.FL.2.7
Essential Question
How can a budget help you plan for ownership of a new pet?
Cash
Do: Have students revisit essential question. Encourage them to share what they have learned regarding allowances and budgeting for a new pet.

15. Sources Lesson Adapted from: Help Save Money
Grade 2 Financial Literacy
SS.4.FL.5.1, SS.4.FL.5.2
Sources
Lesson Adapted from: Help Save Money
Lesson Adapted from: Grade 2 Savings and Budget Resources
Discovery Education, (2006). Costs of a Pet: Calculating Expenses. [Video Segment]. Available from