SHS3 Social Studies · Semester 2 Week 13: Financial Literacy

Lesson notes

Learning Objectives

Indicator: 3.6.4.LI.1 - Explain the concept of budgeting and its relevance to personal finance

By the end of the lesson, learners can:

Define a budget and identify its key components in their own words.
Explain at least three reasons why budgeting is relevant to personal finance management.
Distinguish between income, fixed expenses, and variable expenses using familiar Ghanaian examples.
Discuss how budgeting supports the achievement of short-term and long-term financial goals.
Role-play a scenario that demonstrates the relevance of budgeting in achieving a personal financial goal, using appropriate financial language.

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Curriculum details

Strand: Production, Exchange and Creativity (Strand 6)
Sub-strand: Financial Literacy (6.4)
Content standard: 3.6.4.CS.1 - Demonstrate knowledge and understanding on how to take control of personal finances and make sound financial choices 3.6.4.LO.1 Examine how to take control of personal finances and make sound financial choices
Indicator: 3.6.4.LI.1 - Explain the concept of budgeting and its relevance to personal finance
Suggested placement: Semester 2, Week 13 (Week 33 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. 109

Exemplars (from the NaCCA curriculum)

Talk For Learning: In whole class discussions, learners discuss the concept of budgeting in relation to achieving financial goals Learners role-play the relevance of budgeting in achieving personal financial goals
Teaching and Learning Resources:
- Stationery
- Microsoft Excel Software
- Computers/ laptops
- ICT laboratory
- 89
- Internet access
- Standard textbooks
Assessment (3.6.4.AS.1). The document marks no depth-of-knowledge level for this indicator.