Lemonade Stand, Project Based Learning About Earning and Spending Money
We take counting coins and adding money to the next level as we set up virtual lemonade stands. Young entrepreneurs will sell and restock product, and compare profits, while playing games and creating recipes!
Stefany Smith
Average rating:
4.8
Number of reviews:(203)
What's included
4 live meetings
4 in-class hoursClass Experience
This is a project based learning opportunity for your learners who are developing their skills with US money. The time each class will need to work through the project varies depending on the learners enrolled. I make sure to schedule time in my calendar to offer help to any students who need more one-on-one help. Week 1 we set up our lemonade stands: Adding up coin values in a card game, learners identify the amount of traffic their stands will have. Then reasoning on the layout and traffic in our city, they locate their stands. We take a trip to the virtual Farmers' Market where we chose a supplier for our produce. And then design our menu using the cost per serving and profit market model. Homework is only to finish up anything not finished in class, and draw our stands and illustrate our menu. We start week 2 with purchasing our first stock (initial investment and inventory) and calculate the costs. We then run the stand for 1-2 simulated "days" calculating the money collected, and deciding on the amount of stock needed. We discuss the importance of restocking as needed. There may be some homework if learners don't finish their work in class. Week 3 begins with discussing potential hazards and/or potential beneficial events. On each of the 1-2 simulated days some of the lemonade stands experience some sort of catastrophe or advantage. Learners evaluate their stock and earnings and/or losses. Week 4 starts out with finishing up anything left over from the previous weeks. Sometimes we need to finish up the final day of sales. We then total up all of earnings and spending, and some learners will sell back parts of their remaining stock. With any time remaining we talk about what we could spend our earnings on and how realistic the experience was.
Learning Goals
There are several learning goals involved in this short class:
1) Learners will add and subtract US dollar amounts in decimal form.
2) Learners will experience an entrepreneurial endeavor.
3) Learners will explore several real life scenarios involving operations involving money.
4) Learners will make decisions based on experience and data.
Other Details
Supply List
There will be handouts that need to be printed each week. It is strongly advised to have a folder for learners to keep their materials in from week-to-week. If printables are not an option, a Google Drive format is available.
External Resources
Learners will not need to use any apps or websites beyond the standard Outschool tools.
Joined June, 2019
4.8
203reviews
Teacher expertise and credentials
Hi! My students usually call me Miss Stefany.
In the course of earning my bachelor's of arts in social sciences (with a concentration in education), I decided that the big classroom setting was not for me. I finished the program, but started private, one-on-one tutoring instead. That was 11 years ago now, and I've never regretted the decision! I love being able to work with the same students for multiple years, getting to know them and their families, and developing the relationships. They come to trust me, and I spend a good amount of time as a counselor as well as a teacher!
About 6 years ago I embarked on a new adventure of group tutoring, as well a online tutoring. I held a few summer math camps in person, and worked with a few students over the internet. Both experiences were a blast, so I merged the two and started offering group lessons online in 2019. It's been an exciting chapter in my journey in education, and I have since started my own math teaching company, Unique Math Minds, LLC. Since I love the community here at Outschool, I still offer classes when I can.
Math is my passion. I love numbers, patterns, and discovering the rules these numbers have to follow. This passion comes out in the way I teach and even kids with math anxiety end up getting excited about our lessons. I teach with the individual learner in mind, so I make sure to offer lessons with multiple strengths in mind. For example, I love to use hands on objects to make math concepts come to life; we do a lot of talking about the relationships and rules, reasoning on the whys of math strategies; and then there are the lessons that we get up and move around, making a dance to help us remember facts or moving around the room to make the geometry come to life. Whatever your learners' strengths are, you are bound to find some of my classes that meet their unique needs.
One unique thing about me that makes lessons with me a little different is that I know what its like to struggle! Growing up, learning came easy to me. I was always head of my class and could pass a test with minimal studying. But when I was 18 I was in a terrible car accident that almost killed me. I was in a coma for 3 days, and suffered a closed head injury that cause temporary amnesia and damage to my short term memory. For years I struggled to do the most basic things. But through diligence and research, I found strategies to help me overcome this challenge. My studies in college also helped me to learn about how we learn and ways we can rewire our brains. I still have to take tedious notes and set reminders on my phone! But not only can I keep up with the daily tasks of raising teenagers and being a supportive wife, I've also been able to manage a business and create resources for teachers on the side. This experience has created humility and understanding for my students who struggle the most, and when they know this fact about me they typically lose any fear they had about getting extra help.Reviews
Live Group Class
$50
for 4 classes1x per week, 4 weeks
60 min
Completed by 59 learners
Live video meetings
Ages: 9-11
3-8 learners per class
