Making spending decisions

Updated Jun 09, 2022

Students practice a commonly used decision-making model called PACED to help make spending decisions.

Big idea

Common decision-making models can help you make informed spending choices.

Essential questions

What types of choices do you make when spending money?
How can you make thoughtful spending decisions?

Objectives

Understand the PACED decision-making model
Apply the PACED model to making spending decisions

What students will do

Complete one teacher-directed scenario using the PACED decision-making model.
Use the “Making spending decisions” worksheet to complete additional scenarios.
Reflect and share thoughts about spending decisions made with the PACED model.

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Teacher guide

Making spending decisions (guide)

Student materials

Making spending decisions (worksheet)

Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.

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Key information for this activity

Building block

(What are the building blocks?)

Executive function
Financial knowledge and decision-making skills

Topic

Spend (Budgeting, Buying things)

School subject

CTE (Career and technical education), Social studies or history

Audience

Grade level: High school (9-10), High school (11-12)

Age range: 13-15, 16-19

Student characteristics: Low income, Rural, Urban

Activity characteristics

Activity type: Individual, Small group, Whole class

Teaching strategy: Direct instruction, Personalized instruction

Bloom’s Taxonomy level: Analyze, Evaluate

Activity duration: 45-60 minutes

National standards

(What are the national standards? )

Standards: II. Spending

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