Lesson 4

Sharing My Money


Lesson Goal:

Lesson 4 discusses: 1) charitable organizations; 2) charitable giving; 3) loaning money; 4) gift-giving.


Lesson Objectives:

The children will:

  • Identify characteristics of charitable organizations.
  • Tell ​that a common guideline for charitable giving is a portion of each dollar they receive or earn. 
  • Describe other ways of supporting charitable organizations.
  • Evaluate when and when not to loan money.
  • Name several no-cost gift-giving options.


Content Standards Addressed:

Common Core State Standards

National Standards



  • Charitable giving - Contributions of money or other things in order to help organizations or individuals
  • Donation - a gift of money or other item
  • Loan - to provide money or something else with the understanding that it will be repaid or returned



To reinforce Lesson 3, review these points:

  • People listen to, believe and depend on those who are trustworthy and responsible. Breaking promises cheats others and breaks our trust with them.
  • People can save, share or spend money.
  • Money can be saved at home and in a bank. Money in a bank savings account 1) is safer and 2) earns extra money called interest.


Part 1: Sharing With Those I Don't Know

Materials needed:

  • Makes copies of the reproducible Kids Can Help! reproducible for all participants.

Introductory discussion:*

  • Do you have a place you call "Home," the place where you live? Tell a little about your home.
  • Do you have enough food to eat each day? When and where do you eat? What are your favorite foods?

*Some children in your group may be facing hardship. Please discuss at your discretion.

Not every American child could answer "Yes" to the questions above. One of every 50 children - 1.5 million - is without a home. One of every 10 families - including 13 million children - skips meals, eats less food than is healthy, or has a lower quality diet. These children and their families need help. But if we don't personally know any families in need, how can we help?

Sharing with those we know and don't know is called charitable giving. Charitable organizations are groups that assist people in need or provide educational, health-related or other types of services. They rely on donations - gifts of money and other items - from people who believe in sharing with those they don't know. Three of four American families donate an average $2,000 every year to causes ranging from animal rights and health research to keeping neighborhoods safe.

How much should someone set aside for charitable giving? Many people believe in sharing a portion of their income with others. This money can be saved in a "sharing" bank.

If children don't get an allowance, or earn money of their own, they can still give by volunteering their time. Discuss:

  • What needs have you seen in your neighborhood or community? (Possible answers: Disaster assistance; individual health problems; need for coats, shoes, toys, food, etc.)
  • Aside from giving money, what can you do to meet these needs? (Help clean up after a disaster, fill sandbags to battle a flood, help at a fundraising event, etc.)

Another way to share with those we don't know is to buy products from stores or companies that "give back." Some companies donate educational items or money to schools, other institutions or charitable organizations in exchange for product labels, milk caps, UPS codes or box tops. A few companies donate all or most of their earnings to specific causes like the environment, education and the arts.

Activity: Needs in the News

Invite the children, with family help, to find a local news story about a community or an individual need - either online or in the newspaper - and bring it to share. Discuss some of these articles, brainstorming ways your group could help.


Reproducible: Kids Can Help!

Makes copies of the reproducible for every participant. The answers are found here. You may wish to review the pictures with the children before they complete the worksheet independently.

Part 2: Sharing With Others, Together!

Materials needed:

When we work alone, we decide for ourselves how best to share our money and/or time and talents with other people. By working together, we can accomplish more and make new friends who also believe in sharing! Group volunteering opportunities can be found:

  • At online sources like VolunteerMatch.org.
  • Through service organizations like Kiwanis International's K-Kids.
  • With scouting groups like Boy Scouts of America, Girl Scouts of the USA and Campfire USA.


  • Have you and/or your family volunteered by yourselves or with a group? How did you share with others?

For more than 60 years, Modern Woodmen of America Youth Service Clubs have been helping young people make a difference. Each month, nearly 900 youth clubs made up of toddlers through teens share with others by visiting nursing homes, honoring veterans, planting trees, raising funds for community needs and sprucing up neighborhoods. Modern Woodmen youth club members and guests donate more than 300,000 hours of volunteer service annually.

Interested in starting a Modern Woodmen Youth Service Club?
  • From toddlers to teens.
  • Emphasis on patriotism, learning, volunteering and fun.
  • No out-of-pocket expenses.
  • For more information, go to modern-woodmen.org and search on "Youth Service Clubs" or call 800-322-9805.


Consider a group volunteer project:

  • Help at an upcoming school or community event.
  • Partner with a group of volunteers and do a Join Hands Day project. For more information go to modern-woodmen.org and search on "Join Hands Day." 

Reproducible: Make a Difference! 

Make copies of the reproducible to distribute to the students. The answers are found here.


Part 3: Sharing With Those I Know

Materials needed:

  • White or colored 8 1/2" x 11" sheets of paper.
  • Stapler.
  • Crayons or markers.

Remind the children that they should think carefully before borrowing money or personal possessions, and they should repay the money or return the items as soon as possible so others will continue to trust them.

At times, a friend or classmate may ask them to loan money or something else. It's important to learn how to wisely share with others. Would it be wise to share with others in the following examples? Why or why not?

  • Ethan lost his lunch money on the way to school. He needs to eat lunch so he won't be hungry and can pay attention in class.
  • The class pencil sharpener is broken, and Jacob needs a sharpened pencil to finish his work. You have several sharp pencils in your desk.
  • Alyssa loves candy. She wants to buy a chocolate bar from the vending machine, but she doesn't have money with her today.

Buying gifts for those we know is another way to share. Usually children this age have little money of their own, so traditional gift-giving can be challenging! Happily, the gifts family and friends often love to receive aren't found in stores. Discuss these non-traditional gift ideas:

  • Which acts of service would your family appreciate most - helping make dinner, cleaning the house, something else?
  • Spending time together is a wonderful gift. How would your friends and family members most like to share time with you - playing a favorite game, helping them do a chore they don't want to do, reading together, helping with homework?
  • Which homemade gifts would your friends and family most like to receive - a hand-drawn picture or card, a poem or a simple craft?

Activity: Coupon books

Coupons with promises to serve or spend time together make great gifts for loved ones. You'll need:

  • White or colored 8 1/2" x 11" sheets of paper.

Download and print gift certificates or coupons from a template website. Cut the sheets of paper the same size as the certificates/coupons. These will serve as front and back covers for the books. Assemble the coupon books and staple them together. Invite the children to decorate the covers as they wish.