RESOURCE PRESERVATION – SAVINGS

TITLE: NOTE OF LESSON ON SOCIAL STUDIES

SUBJECT: SOCIAL STUDIES

THEME: NATIONAL ECONOMY

TERM: SECOND TERM

WEEK: WEEK 3

CLASS: PRIMARY 5

NAME OF TEACHER:

DATE:          

AGE OF STUDENTS:

CLASS COMPOSITION: Slow and fast learners.

PERIOD:

TIME: 40 MINUTES 

TOPIC: RESOURCE PRESERVATION – SAVINGS

UNITS:

  • What is resource preservation?
  • Mention types of saving
  • Banking facilities in communities.
  • Process of opening an account in the banks.

PERFORMANCE OBJECTIVES

At the end of this Unit, Pupils should be able to know:

  1. What is resource preservation?
  2. Mention types of saving
  3. Banking facilities in communities.
  4. Process of opening an account in the banks.

TEACHING AND LEARNING MATERIALS

  • Whiteboard/ chalkboard
  • Interactive poster
  • Interactive video

TEACHING METHOD

  • Explanation
  • Discussion
  • Questions and Answers

REFERENCE MATERIALS

  • NERDC Basic Education Curriculum for primary school.
  • Lagos State Scheme of Work
  • Unified Schemes of Work Primary Schools four Social Studies (MIDDLE BASIC)
  • Internet.
  • Edudelight Social Studies TextBooks for Primary Schools.

ENTRY BEHAVIOUR/ PREVIOUS LESSON: the students are familiar with.

WORD FILE: jewelry, necklaces, rings, document.        

                      MODULE CONTENT

                       SAVINGS

Saving is keeping something for future use.  Some of the things we save are money, jewelry, necklaces, rings, document, etc.

TYPES OF SAVING

As humans we have different ways of saving money. These are:

  1. Traditional ways: like saving of money in the hole, cup, container, giving someone to keep it for you, savings collector, keeping money in roofs of houses.
  2. Modern way: saving of money and valuable items in the banks. Insurance companies, thrift and credit, cooperatives, buying of shares.

Banking facilities in our communities

  1. Central bank: it controls all other activities of commercial banks. It is the bank where government money is kept.
  2. Commercial banks: they are own by private business men and women or jointly owned by the government. They offer saving, lending and funding of projects services. Examples are First banks, Union Bank, Guarantee trust bank, access bank.
  3. Development or merchant banks: these banks are setup to finance special areas of the economy. Example are the federal mortgage bank, the Nigeria industrial Development bank, Nigeria banks for commerce and industry.
  4. Other banks facilities are community banks, cooperative banks. They provide loans for small business.

FAMILY SIZE AND SAVING

The family size also determine how one can save. The following are some of the difficulties in managing income due to family size.

  1. Large family will spend more money on food, clothing school fees., etc
  2. Low income

HOW TO OPEN A BANK ACCOUNT

Before anyone can save his/her money in a bank, he/she must open an account with any of the commercial banks.

The account will give the person acess to pay and withdraw from the account.

When opening a bank account, the bank will collect the following from the person.

  • Passport – size photograph.
  • An identity card or driver’s license or international passport.
  • Particulars form will be given to the person by  account officer
  • If it is current account you will be ask for a referees report.
  • Some money will be paid for Atm card.
  • The person will be given a savings account or current account depending on the choice of the individual.
  • If it is A saving account the person will be given a passbook but if it is current account the person will be given a cheque book.

CAUSES OF POOR SAVINGS

  1. Too much spending.
  2. Too many festival and feast.
  3. Inability to manage one’s income properly
  4. Spend money on buries and birthday parties.

HOW CHILDREN CAN PRACTICE SAVING

  1. Get a personal saving children bank account.
  2. Make use of piggy bank.
  3. Take records of how money is spent.
  4. Do not buy what you don’t need.
  5.  

INSTRUCTIONAL PROCEDURE

  • The Teacher revises the previous lesson (ORGANISATION AND CO-OPERATION).
  • The Teacher introduces the topic (RESOURCE PRESERVATION – SAVINGS )
  • The Teacher explains the lessons.

EVALUATIVE ACTIVITIES

  • What is resource preservation?
  • Mention types of saving
  • What are the Banking facilities in communities?
  • Explain the Process of opening an account in the banks.

CONCLUSION: the teacher summarize the lesson.

PREVIOUS LESSON: ORGANISATION AND CO-OPERATION

NEXT LESSON: CAUSES OF POOR SAVINGS

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