Lesson sheet · Module 14
The psychology of money
The aim of the lesson
Don't fight your mind — arrange your surroundings. The right decision should be the easy decision.
- 👧 Child: "What do I feel when I want to buy this?"
- 🧑 Teenager: wait 24 hours. If you still want it — think again.
- 🧔 Adult: automate your saving, write down your rules and follow them on the bad days.
Your step in Pecuvo: set up a goal with an automatic contribution and a five-minute weekly review (Module 8). Let the tool think for your tired mind.
The topic (chapters of the module)
- Chapter 1 · Why we are not calculators
- Chapter 2 · We get used to new things
- Chapter 3 · Money and happiness
- Chapter 4 · Mental accounts
- Chapter 5 · "Now" versus "later"
- Chapter 6 · The fear of loss
- Chapter 7 · Scarcity and thinking
- Chapter 8 · Comparing ourselves with others
- Chapter 9 · Psychological strategies
- Chapter 10 · Who talks to you about money, and why
For the youngest · ages 6–7
🐣 The youngest: Sometimes we want something because we feel sad or bored. A new toy makes us very happy, and then we get used to it. This is normal and happens to everyone. It is good to stop and ask: "Do I really want it?"
Play together (5 minutes): Make a "wish notebook". When your child asks for something, they draw it there. After 3 days, open the notebook together and see what they still want. No blame — just curiosity.
A question for the evening: "Which of your toys still makes you happy, even though it is not new?"
A game from the catalogue: KP-02 "Lights and sparkle" — https://pecuvo.eu/igri/katalog/#kp-02 (in Bulgarian)
Questions for the class — 3 per level
- 👧 1. Why does a new toy stop making us happy? 2. One euro from Grandma and one euro of pocket money — are they different? 3. What do you do when you want to buy something straight away?
- 🧑 1. What did the Swedish study of lottery winners show? 2. What is present bias? 3. Why is comparison on social media misleading?
- 🧔 1. Why is "loss aversion" more disputed than it is usually quoted? 2. What is pre-commitment and why does it work? 3. How does a reserve help thinking?
Check yourself — Chapter 10
- 👧 1. What are the three questions in the "Who profits?" game? 2. How is an advert like a magic trick? 3. Who do you ask if you don't know who made the video?
- 🧑 1. What are the five ways an influencer earns money? 2. What is a digital footprint and how does it reach the adverts you see? 3. How do you recognise a lesson that is really an advert?
- 🧔 1. What must you be able to find out about every advert on an online platform (Article 26 of the Digital Services Act)? 2. What is the difference between independent and dependent advice, and why does it matter? 3. What are the five red flags of financial influencers?
A 45-minute plan
- 5 min
- The question for the evening or one from “Check yourself” — what do the pupils think? No right or wrong answers.
- 15 min
- One or two chapters of the module at the level of the class (the “child · teenager · adult” buttons on the page).
- 10 min
- The game or the calculator for the topic — in pairs or on the board.
- 10 min
- The questions for the class. If you like, the open test — everyone writes down only their code.
- 5 min
- The iron principle in the pupils' own words and one small step for home.
Tools for the lesson
- The whole module on the website pecuvo.eu/en/modules/the-psychology-of-money/
- The open test (9 questions) — pupils write down only their code (e.g. K4B11), no names; the class distribution is shown on the same page pecuvo.eu/en/test/
- The Glossary — terms explained simply pecuvo.eu/en/glossary/