Lakshmipat Singhania Academy
CyberFair 2025 | Project CATEGORY 3: Businesses and Organizations
(Montessori to Class V)
(Classes VI -VIII)
(Classes IX - XII)
Understanding the Value of Money
DESCRIPTION
Advik Maloo visited the super market with his parents. He selected the products and conducted the transaction at the billing counter.
LEARNING OUTCOMES
Child learnt to-
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shop as per the needs
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interact with the shopkeepers
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read the price of the commodity
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enhance social skills
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enhance mathematical skills
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conduct a transaction at the billing counter.
The video was made by my parents and me, to teach me about the importance of money and the financial values.
It was fun and an eye-opening experience! It all started when, I wanted to buy lots of things, which I didn’t need at that very moment.
So, my parents decided to teach me something important. They explained me the difference between needs and wants in a way, I could easily understand. Then, they took me to a sweet shop and a stationery shop to show me how to choose wisely. They also taught me about saving money for future and how small savings can add up to big things. By the end of this activity, I promised myself to start saving in my piggy bank and understood why it’s important to think wisely before spending. It was a lesson learnt for life which I’ll never forget!
I went to the nearby “SHISHU MART” along with my mother to buy some stationery and other items. There, I saw some sharpeners and chose 2-3 of them, from which we would select the final one for purchase. I liked an electric sharpener that was very expensive, but then my mother helped me understand the value of money, and we selected another good sharpener instead.
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Importance of money.
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Learning to spend money wisely.
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Valuing the things we have.
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I learnt about the difference between need and wants.
A guided experiential learning activity was conducted where the student accompanied her mother to a grocery store. Given a set amount of money, she was tasked with making purchasing decisions, initially without guidance. Following a reflective conversation with her parent, she reassesses her choices and learns to prioritize essential, healthy items.
To educate children on the importance of wise financial decision-making and the value of prioritizing healthy choices.
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Value of Money: The student was able to understand the importance of budgeting and making wise financial decisions.
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Healthy Choices: The student learnt to prioritize nutritious food options over junk or packaged items.
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Decision-Making: The student was able to develop critical thinking skills through reflective decision-making and problem-solving.
The student accompanied his mother to Starmark. His mother provided him with a sum of one thousand rupees and instructed him to purchase whatever he desired. Upon returning, the student had chosen a toy.
His mother took this opportunity to impart a lesson on the importance of making purchases judiciously. She then gave him a book, explaining the significant value of books and how they contribute to one's personal growth and knowledge.
Through this experience, the student came to understand the importance of managing money wisely and the necessity of thoughtful consideration before making any purchase.
From this activity, the student could take away the following lessons:
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Smart Spending: The importance of thinking carefully before making a purchase and not spending money impulsively.
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Value of Books: Understanding that books provide lasting benefits and help with personal growth.
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Money Management: Learning how to manage money wisely and make thoughtful decisions when buying something.
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Long-Term Benefits: Realizing that some purchases, like books, offer more value over time than others, like toys.
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These lessons help the student make better choices when it comes to spending money and valuing things that contribute to their future