Savings

What's this?

• Pig bank

• Piggy bank for my Savings

• Pink pig bank

• Bank piggy

Negative savings means

• Earn money

• My expenses are greater than my income

• I spend everything I make

• I say negative things about my savings

What is a portion of your income that you do not spend on your current needs, but instead set aside for future needs?

• Collateral

• Insurance

• Savings

• Expenses

A savings account should be used for daily purchases

• True
• False

Fill in each blank with one word:

More money you ____________, the _________ you feel.

• Spend, Better

• Earn, Sadder

• Save, Sadder

• Save, Happier

Savings should be used for daily purchases

• True

• False

What is a good strategy to help you save more money?

• 1st, spend money on all expenses; put the rest into saving

• Tap into your savings on a regular basis to purchase small items, like snacks

• Pay yourself first - set aside money for savings each month

• Keep your spending and saving money together

Why should you save?

• To buy groceries

• for Emergencies and Investments

• To buy a shirt

• So you can go to movies

How much of your Income should you try to save?

• 0%

• 10% or more

• 1%

• 5%

You earn _______________ by saving money in a savings Bank account.

• a race

• more Income in the form of interest

• awards

• trophies