Choices/Lemonade Stand Worksheets

(

)

Choices/Lemonade Stand For Google Apps

As students advance in their reading skills they will be exposed to fiction and non fiction reading passages. They may be different in that way but they might both be about the some subject. This non fiction will teach students facts about finances and money choices. The fictional story is about James and his plan to have a lemonade stand with his friends. The boys learn a valuable lesson as they pursue their business venture. There are thought provoking questions for your fifth graders to answer. The writing prompts will get them started on writing their own story. Here is a small picture of what the paired readings are about.

Every day, people make choices about what to buy, use, and
save. These decisions often involve understanding the difference
between needs and wants. A need is something essential for survival—like food, water, shelter, and clothing. A want, on the other hand, is something that enhances comfort or enjoyment, such as video games, designer shoes, or concert tickets.

James had a plan: open a lemonade stand and earn enough money to buy the newest gaming console. He calculated costs, made signs, and recruited Mike and David to help. But when they went shopping for supplies, James insisted on buying fancy cups and flavored syrups. *We need these,* he said. Mike raised an eyebrow. *Do we need them—or just want them?* David pointed to the budget. *If we spend too much, we won’t make a profit.*

Paired Text Questions (Compare & Contrast)
1. How do both passages show the importance of making smarteconomic choices?
2. What examples of needs and wants appear in each passage?
3. How did James’s story reflect the concept of opportunity cost?
4. Which passage gives factual information, and which tells a story? How
can you tell?

Writing Prompts (Constructed Response)

1. Expository: Explain how understanding needs, wants, goods, and
services can help someone start a business. Use examples from both
texts.
2. Narrative: Write a story about a student who must choose between
two things they want—and learns about budgeting and priorities.
3. Opinion: Do you think it’s harder to give up a want or to recognize a
need? Why?