Resource Preservation – Meaning and Types of Savings | Process of Open a Bank Account | Bank Facilitates in the Communities Primary 5 (Basic 5) Term 2 Week 3 Social Studies

SOCIAL STUDIES

RELIGION AND NATIONAL VALUES

SECOND TERM

WEEK 3

PRIMARY 5

THEME: RESOURCES PRESERVATION 

PREVIOUS LESSON – Meaning of Organization and Cooperation | Types of of Organization and Cooperative | Why People Live Together Primary 5 (Basic 5) – Term 2 Week 2 Social Studies

TOPIC: RESOURCES PRESERVATION – SAVINGS 

LEARNING AREA 

1. Introduction

2. Meaning of Resources Preservation

3. Meaning of Savings

4. Banking Facilities in Our Community

5. How to Open a Bank Account

5. Drama, Lesson Evaluation and Weekly Assessment (Test)

PERFORMANCE OBJECTIVES

By the end of the lesson, most of the pupils should have attained the following objectives –

1. explain the meaning of resource preservation.

2. what is saving.

3. state types of saving.

4. list bank facilities in your community.

5. state the process of opening a bank account.

6. state items that can save in the banks.

ENTRY BEHAVIOR

The pupils can state some of the ways to save money and preserve our resources.

INSTRUCTIONAL MATERIALS

The teacher will teach the lesson with the aid of:

1. Money

2. Bank registration form

3. Deposit slip

METHOD OF TEACHING

Choose a suitable and appropriate methods for the lessons.

Note – Irrespective of choosing methods of teaching, always introduce an activities that will arouse pupil’s interest or lead them to the lessons. 

REFERENCE MATERIALS

1. Scheme of Work

2. 9 – Years Basic Education Curriculum

3. Course Book

4. All Relevant Material

5. Online Information – Meaning and Types of Bank and Saving (Primary 4)

CONTENT OF THE LESSON 

LESSON 1 – INTRODUCTION

MEANING OF RESOURCES PRESERVATION 

Resources preservation is a way of keeping things like money and other material resources for future use.

Saving is one of the ways of preserving resources. 

MEANING OF SAVINGS

Saving is the process of keeping money and other valuable items for future and safety purposes.

Money can be save in the banks, as pension account, an investment fund or cash, etc.

TYPES OF SAVING/RESOURCES PRESERVATION 

1. Piggy bank

2. Banks

3. Cooperatives

4. Thrift and Credit Society

5. Insurance companies

6. Investment funds

7. Pensions

8. Treasure bills

9. Buying properties like land and houses.

ASSIGNMENT

1. State 5 banks in your community.

2. Find out the requirements and process of opening a saving account.

LESSON 2 – BANKING FACILITIES IN THE COMMUNITY 

A bank is a place where we save our money.

Money saved in the bank generate interest.

People can borrow money from the bank for business, financing a project, etc.

Banking facility in our community are –

1. Commercial bank

2. Mortgage bank

3. Merchant bank

4. Development bank

5. Micro finance bank

7. Industrial bank

PROCESS OF OPENING A BANK ACCOUNT 

The requirements and process of open a bank account are –

1. Identification cards such as a national identity card, international passport, voter’s card.

2. Application form.

3. Minimum account balance, if relevant.

4. One passport photograph of authorized signatory.

5. One or two reference forms.

6. Recent proof of your address such as a PHCN bill or water bill.

7. Residence permit, if you are a foreigner.

RESOURCES THAT CAN BE PRESERVE IN THE BANKS

Money is not the only thing you can save in the banks –

1. Valuable assets

For examples – diamonds, golds, silvers and valuable jewellery.

2. Deeds and titles

Deeds and titles are the original documents of legal deeds of agreements and prove of ownership of landed properties, houses, etc.

3. Certificates are the original birth certificates, marriage certificates, investments such as stocks and bonds.

Most of these documents are now issued electronically.

4. International passports

LESSON 3 – DRAMA ACTIVITIES OR EXCURSION TO THE NEAREST BANK 

Organize a drama on small and large families difficulties in managing income.

PRESENTATION

To deliver the lesson, the teacher adopts the following steps:

1. To introduce the lesson, the teacher revises the previous lesson. Based on this, he/she asks the pupils some questions;

2. Displays sample piggy bank or chart showing piggy bank.

Pupil’s Activities – Identify and describe the object.

3. Asks pupils in groups or pairs to discuss the important uses of piggy bank.

Pupil’s Activities – State the uses of piggy bank.

4. Asks pupils to state other means of saving.

Pupil’s Activities – Mention banks, contributions, etc. as other means of saving.

5. Tells pupils, saving money in inside piggy bank and bank (s) are some of the ways we can preserve our resources.

Pupil’s Activities – Listen to the teacher.

6. Uses the chart and pupil’s responses to the introduce the lesson.

7. Leads pupils to discuss the meaning of resources preservation – saving.

Pupil’s Activities – Pay attention to the lesson introduction, participate and discuss the meaning of resources preservation – saving.

8. States other ways to preserve our resources.

Pupil’s Activities – State other ways to preserve our resources with appropriate examples.

9. Take pupils out to the nearest bank (if available) to find out the requirements and process of opening a saving account and other items that can be preserved in the banks.

Pupil’s Activities – State the basic requirements for open a saving account.

10. Organizes a drama on how family can preserve their resources such as saving in the banks and piggy bank, contribution, investments, etc.

Pupil’s Activities – Participate actively in the drama.

11. Summarizes each lesson on the board.

Pupil’s Activities – Participate actively in the summary of the lesson and write as instructed.

CONCLUSION

• To conclude the lesson for the week, the teacher revises the entire lesson and links it to the following week’s lesson – causes of poor savings.

• Next Lesson – Causes of Poor Saving | Reasons for Saving Primary 5 (Basic 5) Term 2 Week 4 Social Studies

LESSON EVALUATION

Teacher asks pupils to:

1. explain the meaning of resource preservation.

2. what is saving.

3. state 5 types of saving.

4. list 5 bank facilities in your community.

5. describe the process of opening a bank account.

6. state 5 items that can save in the banks.