Saving for Something Months Away · seed 1 · A4, ink-friendly. The answer key prints on its own page for grown-ups.

Saving up for something months away

Life Skills · Money & Finance · ages 12-13
Name ______________________   Date ____________

  1. How do you work out the weekly amount for a savings goal?

    • Divide the target by the weeks left
    • Add the target to the weeks left
    • Guess a number that feels right

  2. You want a $120 bike in 12 weeks. How many dollars a week must you put aside?

    Answer: ______________

  3. Which move makes saved money harder to spend by accident?

    • Carry it with you every day
    • Move it to a separate savings account
    • Tell yourself you will not touch it

  4. You missed one week's saving toward your goal. What is the best thing to do?

    • Quit, since the plan is ruined
    • Take the missed cash as extra pocket money
    • Spread the missed amount over the weeks left

  5. Holiday gifts will cost $550 and you have 11 months. How many dollars a month must you save?

    Answer: ______________

  6. Saving $10 a week for a year gives you $520.

    Circle one:   True   False

  7. Ava puts $15 a week into a separate account for her goal. Ben saves whatever is left with no weekly number. Who is more likely to reach the goal?

    • Ava, with her weekly number and separate account
    • Ben, with his flexible leftover saving
    • They are equally likely to make it

  8. Your goal is $180 with 9 weeks left, so $20 a week. You miss one week. Spread over the 8 weeks left, what is the new weekly amount in dollars?

    Answer: ______________

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Answer key

For grown-ups. Fold this page away before handing over the rest.

Saving up for something months away W1-mt_NFZG8bDa5o-s1

  1. Divide the target by the weeks left · The target split over the weeks left gives each week's share.
  2. 10 · Divide the target by the weeks: 120 divided by 12 is 10.
  3. Move it to a separate savings account · Money in a separate account takes effort to reach, so it survives.
  4. Spread the missed amount over the weeks left · One gap never ruins the plan. Spread it and keep going.
  5. 50 · Split the total over the months: 550 divided by 11 is 50.
  6. True · A year holds 52 weeks, and 52 times 10 is 520.
  7. Ava, with her weekly number and separate account · A fixed weekly number plus money out of reach beats good intentions.
  8. 22.5 · The full $180 over 8 weeks means 180 divided by 8, which is 22.5.
Worksheet · LightMySky