Saving Money for Later

Life Skills · Money & Finance · ages 5-7

Name ______________________ Date ____________

Delayed gratification means waiting now to get something better later.
Circle one: True False
Why do people save money?
- To buy something later
- To spend it right away
- To give it all away
What is a savings goal?
- Something special you save money for
- A toy you already own
- A way to spend money fast
Mia wants a big toy. Why should she save instead of buying candy every day?
- So she has enough for the toy later
- So she never gets to buy anything
- So she can buy candy every single day
Sam saves 2 coins each week. How many coins does he have after 3 weeks?
Answer: ______________
Ben wants a bike that costs 10 coins. He has 4 coins now. What should he do?
- Spend the 4 coins on candy
- Stop trying to get the bike
- Keep saving until he has enough
Ana wants a book that costs 12 coins. She saves 3 coins each week. How many weeks until she has enough?
Answer: ______________
Lily says waiting for a toy is silly and she should buy candy now instead. Is waiting a good idea here?
- No, waiting is silly and never helps
- Yes, waiting can get her a better toy
- No, candy is always the best choice

Answer key

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

True · That is exactly what delayed gratification means.
To buy something later · Saving means keeping money so you can use it later.
Something special you save money for · A savings goal is something you want, so you save toward it.
So she has enough for the toy later · If Mia spends all her money on candy, she will not have enough for the toy.
6 · 2 coins each week for 3 weeks makes 6 coins.
Keep saving until he has enough · Ben needs more coins, so he should keep working toward his goal.
4 · 3 coins a week for 4 weeks makes 12 coins, enough for the book.
Yes, waiting can get her a better toy · Waiting patiently, delayed gratification, can help Lily get something she wants more.