SHS2 Social Studies · Semester 2 Week 19: Financial Literacy

Lesson notes

Learning Objectives

Indicator: 2.6.4.LI.2 - Create a personalised saving plan based on short-term and long-term financial goals

By the end of the lesson, learners can:

Distinguish between short-term and long-term financial goals, giving at least two Ghanaian examples of each.
Identify the key components of a personalised saving plan, including the goal, target amount, timeline, and monthly saving contribution.
Calculate the monthly saving needed to reach a given financial goal within a specified time frame.
Create a personalised saving plan that includes at least one short-term and one long-term financial goal, using a structured template.
Justify choices made in their saving plans by explaining how their plan reflects responsible and effective saving habits discussed in Week 18.

Sign in with your phone number to read the full note and download the GES plan - free.

Sign in with phone number

Curriculum details

Strand: Production, Exchange and Creativity (Strand 6)
Sub-strand: Financial Literacy (6.4)
Content standard: 2.6.4.CS.1 - Demonstrate knowledge and understanding of effective saving habits to achieve financial goals 2.6.4.LO.1 Examine ways of developing responsible and effective saving habits to achieve financial goals
Indicator: 2.6.4.LI.2 - Create a personalised saving plan based on short-term and long-term financial goals
Suggested placement: Semester 2, Week 19 (Week 39 of the year)
Our suggestion, laid out in curriculum order across three terms of twelve weeks. NaCCA does not fix the week, so follow your school's scheme of learning.
Curriculum reference: NaCCA curriculum document, p. 85

Exemplars (from the NaCCA curriculum)

Collaborative learning:
- With graffiti wall, learners indicate their short and long-terms financial goals
- In mixed-ability groups, learners create saving plans based on short and long-terms financial goals
- Learners use case studies to describe how to develop responsible and effective saving habits
Teaching and Learning Resources:
- Stationery
- Standard Textbooks
- YEAR THREE
- Internet access
- Computer
- 63
- Smartphones
- Projector
Assessment (2.6.4.AS.2). The document marks these depth-of-knowledge levels for this indicator: Level 2 Skills of conceptual understanding; Level 3 Strategic reasoning.