The Benefits of Savings 3.9E

Mrs. Svehlak places a portion of her paycheck in her savings account each week.

Which would NOT be a good reason to place money in a savings account?

• To pay for unexpected medical emergencies

• To help her become the most popular mom in the neighborhood

• To save money for her kids' college tuition

• To buy a new car to drive to work

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CCSS.RI.3.2

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Joseline sells crafts she makes. On Monday, she sold 5 crafts. The cards show the type of craft sold and the amount of money she made from selling each craft.

Joseline saved the money she made from selling the 5 crafts. What is the total amount of money Joseline saved?

• $94

• $112

• $104

• $109

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CCSS.3.OA.D.8

Ian works with his dad after school. He used a table to keep track of the money transactions he made in a week.

Which transaction is an example of Ian saving money?

• Transaction # 1

• Transaction # 2

• Transaction # 3

• Transaction # 4

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Which statement about a savings account is NOT true?

• The money placed in a savings account can be used to pay for future expenses.

• A savings account owner decides when to deposit money into the account.

• A savings account owner decides how much money to deposit into their account.

• The money placed in a savings account cannot be withdrawn and belongs to the

  bank.

Kevin wants to save $4,000 to make a down payment to pay for his college classes. What should Kevin do to save money?

• Each pay period, he should deposit a portion of his earnings in a savings account.

• Each pay period, he should spend all his earnings on food and clothes.

• Each pay period, he should give his parents a part of his earnings.

• Each pay period, he should donate any extra income to his favorite sports league.

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CCSS.7.RP.A.3

The act of not spending your money immediately, but putting it away in a safe

location so you can spend it later is referred to as -

• Savings

• Spending

• Expenses

• Withdrawal

Which of the following is an example of saving money?

• Katie uses her $35 allowance to purchase a new toy.

• Xavier places the $45 he earned from painting his neighbor’s fence in his piggy

  bank.

• Sandy’s mom gives her $50. Sandy spends the money at the fair.

• Juan purchases a new game controller for $28.

Victoria sells cakes to make extra money. The table shows the money she made from selling cakes in four weeks.

Victoria saved the money she earned from the cake sales. How much money did Victoria save?

• $539

• $629

• $529

• $408

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CCSS.3.OA.D.8

Miguel needs $70 to purchase a sports jersey. The cards show different savings plans that he brainstormed to collect the money for the jersey.

Which savings plan would allow Miguel to save enough to buy the sports jersey?

• Savings Plan # 1

• Savings Plan # 2

• Savings Plan # 3

• Savings Plan # 4

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CCSS.7.EE.B.3

A group of friends has an after-school job at a grocery store. The table shows what each fiend did with their paycheck.

Which friend did NOT save a portion of their earnings?

• Steven

• Elizabeth

• Gaby

• Iggy

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