Saving Money
Why people save money; piggy banks and saving jars; setting a savings goal; keeping money for later and adding more toward a goal
What a learner can do afterwards
- Explain why someone might save money instead of spending it straight away
- Describe a savings goal they could set and how they would work towards it
- Explain delayed gratification in their own words, such as waiting for something they want more instead of having a treat now
1 · Read
Saving money means keeping some to use later. You can save for something you need or want. A money box or jar can hold your savings. Money in a jar does not grow by itself. Adding more money helps you work toward a savings goal.
A savings goal is something you plan to save money for. At our pretend shop, all coins have the same value. Sam starts with none. His toy costs 8 coins. He saves 2 each week and spends none. His totals are 2, 4, 6, 8. He has enough after 4 weeks. If you have less than the price, keep saving.
For weekly savings, make one group of coins for each week. Count all the coins to find the total saved. To find how many weeks a goal takes, count the groups. Stop when the total reaches the price. These dots show 3 weeks of saving 2 coins.
Sometimes you choose to wait for something you want more instead of having a treat now. This is called delayed gratification. Waiting can feel hard. It can help you keep money for your goal.
Spending money leaves less to save. If you spend every coin, none are left for your goal. When you have enough, you can use your savings to buy it. Saving does not mean keeping money forever.
Saving keeps money for later. Pick a goal, add money when you can, and count how close you are.
Original lesson, questions and flashcards written for this dataset.
Four original readings written for this dataset.
More to read
Keeping some money
You receive some birthday money. You can use some now and keep some for later. Ask a trusted grown-up to help you choose a safe place for the part you keep. That part is your savings. You do not have to spend it on the day you receive it.
Draw your savings
Make a picture record of coins you save. Each time you put one of your own coins in your money box, draw one dot. Count the real coins with a grown-up to check your picture. If you take a coin out, cross out one dot. The dots record your coins. Drawing them does not make more money.
A choice for later
You may want to save for a gift for someone. Spending all your money on a treat today would leave none for that gift. You can choose to keep some money because the gift matters to you. Someone else may choose a different goal. Your savings are money kept for later.
Check your saving plan
Draw or name something you would like to save for. Ask a grown-up to help you find its price. Count what you already have. You may need to add more before you can buy it. If you have no money to add this week, your plan can take longer. You can check your goal again later.
2 · Watch
En anglaisTake it off screen
Where it sits
Learn first
Optional connections
This opens up
Where this leads
Jobs that lean on this skill. Follow one to see everything it is built on.
8 questions wait behind this lesson, each with its answer explained. Every answer feeds the sky: stars light as they are learned, and dim when it is time to come back.