Activity Creation: Video Use in

ELT
Judith Fernndez Daz







Part 1. Pre- Activity

-What do you think about giving money to children?
-Did you receive money from your parents when you were a child?
-Did you spend the money wisely?
-Do you think nowadays there is a good education for kids about saving money?







Teacher introduces the class by asking some
questions.
Part 2. Instructions: Read the text below carefully and underline the words that you
dont understand.

Financial literacy is one of the most important subjects for a child to
learn and carry with them into adulthood, and yet, it is one of the least
taught subjects. Kids often learn their money lessons from television,
their friends and all of the fractured and unconnected snippets they pick
up from their parents. As a parent, you can help your kids start their
financial life on the right foot without spending hours every day lecturing
them. Here are five ways to help your children along a fiscally
responsible road:
Play the Grocery Game
There are many versions of the "grocery game," and you can even come
up with one that is all your own. You can give your children a fixed
amount of money and challenge them to purchase as much food as they
can with it at the grocery store. For example, you can give them $5 each
and a list of food that your local food bank needs. Your kids will have to
put their comparative shopping skills to the test to be able to purchase
as much food as they can with the limited amount of money. Another
way to teach them to shop is to give them your grocery list and have
them work out how much everything will cost and identify places where
you could save money by buying alternate items.

Let Them Adopt a Budget Line Item
Older children who understand the concept of a family budget can start
being responsible for a portion of it. Begin by giving your children a
single budget category for a month and let them manage it. Choose an
expense type that is discretionary meaning that you can control how
much or how little to spend. Common discretionary budget lines include
groceries, entertainment and vacations. Kids can research online to find
the best prices and to allocate the budget in the most effective way.
Even if they make mistakes during the month, it will have little impact
on your overall finances and they will learn a valuable lesson.

Show Them How to Use Budget Tools
There are several great budgeting and expense tracking tools available
on the market. One of the most popular and easy to use is Quicken. If
you already use a personal finance software program, show your kids
how to use it. They can even set up their own budgets on it. They can
plan their spending, savings and charitable giving. Learning to track all
expenses is a great way to help them get ready for the time when they
will be managing their own household budgets.

Set up a Practice Trading Account
Learning how to invest money and how the process works is critical in
order to build an effective savings and retirement plan. Kids can learn
how the stock market works by setting up a practice trading account and
then "buying and selling" stocks. This is a no-risk way for them to learn
to read financial news, see how world events affect the stock market,
and practice determining how to diversify an investment portfolio. There
are many practice trading accounts available online. Choose one that is
directed towards children or that is simple to navigate.

Give Them Room to Make Mistakes
Everyone makes money mistakes at one time or another. Allow your
kids to make them when they are young and the dollars involved are
small. For example, if they absolutely must have the new toy of the
season and spend all of their saved allowance on it, they won't have any
money for other things for a while. Let them experience that and re-
examine whether their spending choice was a sound one. Give them
space to make some monetary decisions so that they learn for the next
time.

The Bottom Line
Kids are never too young to start learning money lessons. The more
opportunities they have to work with money and manage it, the more
money savvy they will be as adults.



Taken from: http://www.investopedia.com/financial-edge/1111/5-ways-to-teach-your-kids-
the-value-of-a-dollar.aspx









Part 3. Instructions: Get in groups of three and compare the words you have underlined.
Share the information with your classmates if you have different underlined words.











The teacher will ask for the words the students did not understand from the
text, and will ask other students if they know the meaning and to explain it for
the rest of the class. Prior knowledge will be spread as well as different
meanings for the words.



Allowance:

The amount of something that is permitted,
especially within a set of regulations or for a
specified purpose
Literacy:

The ability to read and write
Discretionary:

Denoting or relating to investment funds placed with
a broker or manager who has discretion to invest
them on the clients behalf.
Snippets:

A small piece or brief extract:
Budget:

The amount of money needed or available for a
purpose:
Stocks:

A share which entitles the holder to a fixed dividend,
whose payment takes priority over that of ordinary
share dividends
Grocery:

A store selling foodstuffs and various household supplies.

Delay:

Be late or slow.
Manage:

Have the position of supervising (staff) at work. Be in
charge of (a business, organization, or undertaking)






Part 4. Instructions. Watch the next video. According to what you can see and
listen, underline the stressed words in the text below.

https://www.youtube.com/watch?v=0k5bDgGbnvs

Brown be away learning English this is Pete economics report and special English
many children first learn that value of money i receiving and allowance purpose
an allowance is to teach children about money children can learn how to manage
money especially at an early age on financial mistakes are not very costly
the amount of money that parents give to their children to spend as they wish differs
from family to you family timing is another consideration some children
get a weekly allowance others get a monthly allowance parents should make clear
what if anything a child is expected to pay for with the money at first young children
may stand all love their allowance same after the bay receive it if they did this they will
learn it the hard way that spending must be done with and a budget parents are usually
advised not to offer more money and killed me next allowance the object is to show
young people that a budget demand choices between spending and
saving older children may be responsible enough to save money for all or jerk off like
clothing war electronics many people who have return on the subject %uh allowance
for say it is not a good idea to pay your child for work around the home these jobs are a
normal part up family life pain children to do extra work around the house however
cannot be a useful it can even provide and understanding how a business works
allowances give children a chance to experience nothing they can do where money
they can share it in the form I'm yes or giving to a good cause
they can spend it by buying things back they want or they can find a and maybe
even invest it saving helps children understand that cost three goals require sacrifice
you have to cut cough and plan for be future for delay all learning English I'm Laura
Berma
Part 5. Post- Activity
Instructions: The class will be split in two groups. Group A and Group B.
Based on the next paragraph, provide a suitable solution for this parents according to what you
learned from the video and the reading. Each group will present their parts in front of the class

Group A

Mike and Sara work at the Hospital in Washington DC. They are a busy couple that cannot spend too
much time at home because of their jobs. His son John is at school and almost never gets to see their
parents. Mike and Sara buy John all that he wants and asks in order to compensate not being there or
him: clothing, games, electronics, food etc. With the past of years, John got used to receive everything
and never work for it. Now, he does not want to study and does not want to work either. He gets mad
when their parents say NO to him.


What advices would you give Mike and Sara to overcome this situation? Explain at least 5 of them



Group B

Jason was very poor when he was a kid and had to suffer a lot before he started having a normal life.
Nowadays Jason has a very nice family, his daughter Samantha is a great kid, Jason gives everything
that he can because she has an illness, she is asthmatic and almost allergic to everything. Jason does
not want her daughter to suffer as he did and now he gives everything to make her happy, he buy her all
the toys that she wants and give her $50 per week even though when is out of his budget. Jason is
having problems because he has no more savings and he started thinking about a loan.




Do you think Jason is doing well with his kid? What are the best advices that you will give him?
Explain at least 5 of them