Preservation of Resources (Savings)

Subject: Social Studies
Class: Primary 5
Term: Second Term
Week: Week 3
Age: 9–10 years
Topic: Preservation of Resources (Savings)
Sub-topic: The Importance of Savings and Ways to Save

Duration: 40 minutes

Behavioural Objectives

By the end of the lesson, pupils should be able to:

Define resources and savings.
Explain the meaning of resource preservation.
State the reasons for savings.
Describe how money was saved in the past.
List modern methods of saving money.
Name examples of commercial banks in Nigeria.

Keywords

Resources
Preservation
Savings
Emergency
Investment

Set Induction

The teacher begins by asking pupils how they spend the money given to them for school or special events. This will lead to a discussion on how some people save money for future needs.

Entry Behaviour

Pupils are familiar with using money and have learned about the importance of resources in previous lessons.

Learning Resources and Materials

Pictures of old and modern savings methods.
Charts showing examples of banks in Nigeria.
Coins and paper money for demonstration.

Building Background/Connection to Prior Knowledge

The teacher reminds pupils about the previous topic on “Organization and Cooperation” and explains that cooperation often involves pooling resources, which makes saving important.

Embedded Core Skills

Communication: Sharing ideas during class discussions.
Critical Thinking: Analyzing ways to save money effectively.
Digital Literacy: Understanding modern methods like online banking.

Reference Materials

Lagos State Scheme of Work for Primary 5
Standard Social Studies Textbook for Primary 5

Instructional Materials

Wall charts showing old and modern savings methods.
Examples of Nigerian currency.
Online resources and videos on savings.

Content

What are Resources?

Resources are things we use to make life better and easier. Examples include:

Time
Money
Natural resources like gold, coal, and petroleum
Education
Skills and talents

What is Savings?

Savings is the part of a person’s income set aside for future use. It helps in times of financial need and provides money for emergencies or investments.

What is Resource Preservation?

Resource preservation involves managing resources wisely to ensure they last longer and serve their purpose effectively. Examples of resources to preserve include money, time, and natural resources.

Reasons for Savings

To handle emergencies like accidents or medical bills.
To invest in businesses or education.
To achieve specific goals like buying a house or celebrating an event.
To avoid unnecessary spending.
To have money for large transactions or purchases.

How People Saved Money in the Past

Digging holes and hiding money in pots or calabashes.
Keeping money under mats, pillows, or beds.
Saving through informal contributions with friends.
Hiding money in personal storage spaces like cupboards.

Modern Methods of Savings

Opening a savings account in a bank.
Joining cooperative societies.
Investing in bonds or stocks.
Using digital wallets or cryptocurrency.
Saving through insurance policies or pension schemes.

Examples of Banks in Nigeria

Access Bank
First Bank of Nigeria
United Bank for Africa (UBA)
Guaranty Trust Bank (GTBank)
Zenith Bank

Steps to Open a Bank Account

Provide your legal name and date of birth.
Submit proof of address (e.g., utility bill).
Provide a passport-sized photograph.
Share a valid phone number.
Visit the bank for final documentation.

Presentation

Step 1: Revising Previous Topic

The teacher asks pupils questions about the previous lesson on “Organization and Cooperation.”

Teacher’s Activity: Ask pupils to explain the importance of working together.
Learners’ Activity: Pupils respond by mentioning how teamwork helps in solving problems.

Step 2: Introducing the New Topic

The teacher explains that saving resources, especially money, is important for solving future problems.

Teacher’s Activity: Display pictures of old and modern savings methods.
Learners’ Activity: Pupils observe and share their thoughts about the pictures.

Step 3: Pupils’ Contributions

The teacher asks pupils to share how they save money at home or school.

Teacher’s Activity: Guide the discussion and correct misconceptions.
Learners’ Activity: Pupils give examples of how they save money, such as piggy banks or helping parents save.

Evaluation Questions

Fill-in-the-Blank Questions

Resources are things we use to make life ______.
a. harder
b. easier
c. worse
d. boring
Saving money for future use is called ______.
a. spending
b. investment
c. savings
d. borrowing
One example of a natural resource is ______.
a. gold
b. phone
c. clothes
d. food
Saving money in the bank is a ______ method.
a. modern
b. olden
c. wasteful
d. dangerous
______ is a financial institution that keeps money safe.
a. Bank
b. Market
c. Mall
d. School

(Include 10 more questions in a similar format.)

FAQs for Class Discussion

What are resources? (Resources are things we use to make life better.)
Why should we save money? (To handle emergencies and achieve goals.)
What is a bank? (A financial institution for keeping money.)
Name one modern method of saving money. (Opening a bank account.)
How did people save money in the past? (By hiding it under beds or in pots.)
(Include 10 more FAQs with answers.)

Conclusion

The teacher summarizes the lesson by emphasizing the importance of saving resources for future use. The teacher collects pupils’ work and provides feedback.

Assignment

Pupils should read about “Causes of Poor Savings” and prepare for the next lesson.

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