UNIT 5:ECONOMY
5.1. SOURCES OF MONEY
Activity1Observe the pictures below and state what you can see.
Activity 2
State what parents/guardians do in order to get money.
I have understood that:
The money we use in the family comes from different sources.
This work is either personal or through co-operatives, government, or Private. It consists of:
– Crop growing.
– Tailoring
– Animal rearing
– Construction
– Medical doctor
– Teaching
– artists
– Mechanics.
– Trade
– Security
Activity3
Carry out a field trip and see sources of money in the sector where the school is located. Debate about it.
We have decided that:
We shall study well. When we grow up, we shall do some work which will generate us money.
Exercises
Every body should tell his/her classmates the type of job he/ she will do after growing up which will generate money.
Home work
Identify the work done by people on your way to and
from school which generates money.list it and read it toyour clasmates
5.2. EXPENDITURES
Activity 1Observe the pictures below and state what you can see.
I have understood that:
We spend money on the following:
– Buying family needs.
– Drugs, clothes, School materials, electricity and water.
Activity 2
Discuss one thing which you spend on much money at home and tell your classmates.
Self assessmennt
Explain where your family gets money from.
Peer assessment
1. Explain where your family members get jobs from.
2. What is the source of employment for your family members that earns them money?
3. Give four examples of things that your family spends on money.
We have decided that:We shall be spending money properly by buying what we need and managing well what our parents/guardians buy for us.
Home work
Discuss with your parents/guardians and ask them their
major wants. Ask them if they save money and tell yourclassmates in class.
5.3. WAYS OF SAVING.
Activity 1Observe the pictures below and tell what you can see.
Activity 2
State ways of saving.
We have decided that:There should be forms of savings both short and long term.
Activity 3
Give strategies of what you should do to save for both short or long term (for the future).
We have decided that:We shall not be overspending our money, but save what will help us in the future.
Exercises1.
Answer with yes or No.
a. By tearing your books, you are saving.
b. By making yourself dirty, you will have over spent.
c. By pouring water, you will have saved.
d. By making the house dirty, you have over spent.
e. By putting on security lights when you are not there,
you will have saved.
f. By pouring food, you will be wasting.
g. By covering your books, you will be saving.
h. By keeping your school propertys well, you will be
wasting it.
i. By rain soaking yourself, you will be saving.
j. By wasting time, you will have saved.
2. Give 2 examples of how you can save for your future.
3. State ways how you waste properties and take newstrategies.
Home work
Tell a story to your parents/guardians about what you
do that wastes family income and ask for forgiveness.Write it and tell it to your classmates.
5.4. IMPORTANCE OF SAVING.
Activity 1Observe the pictures below and tell what you can see.
Activity 2
State the importance of short or long term saving.
I have understood:
Savings help a person at different times:
– When he/she has lost a person.
– When he/she has a wedding.
– When a person loses a job, gets sick.– When he/she is old and no longer working.
We have decided that:
We shall be saving in order to have a brighter future.
Self assessmennt
1. State 3 things you can do in order to save for the future.2. Explain the importance of saving.
Peer assessment
1. When does savings help a person?
2. Give 2 examples of things you waste on money whichcauses loss of family income.
Exercises
Discuss these common proverbs and compare them with
saving or wasting and debate on it in general.
a. You can’t save by spending.
b. If you buy what you don’t need, you steal from yourself.
c. Tomorrow begins now.d. What you save will assist you in future.
5.5. DANGERS OF NOT SAVING
Activity 1Observe these pictures and state what you can see.
Activity 2
State the dangers of not saving for a short or long time.
I have understood that:A person who does not save for him/her self faces the following:poverty, endless problems and suffers a lot, being in debts.
Activity 3
State the ways you have adopted to stop the dangers
caused by lack of saving.
We have decided that:
We shall be saving for our selves by avoiding the dangersof not saving.
Home work
Ask your parents/guardians the dangers caused by not
saving in the family and discuss it with your classmates.
5.6. End unit assessment
51. Explain these words:
a. Saving
b. overspending/wasting
2. Fill in the missing words.
a. _____ is the way to the economy.
b. Over expenditure is away of ____.
c. Abiding by the instructions well is away of ___.
d. Proper management of every thing is____.
e. Destroying whatever you see is ____.
3. State what you do in order to protect your family income from being wasted.
4. What project did the lesson of saving teach you?5. Find out from these words those that relate with the economy and money:
