Financial Literacy - Savings

What does it mean to save money?

• 1. Spending money immediately

• 1. Putting money away for use in the future

1. Where should you put your saved money?

• 1. Where there is very little risk

• 1. Where there is a lot of risk

1. Why should we save money?

• 1. To spend it all right away

• 1. To keep it for later

1. What is the purpose of the weekly savings chart?

   2. 
      

• 1. To keep track of how much money you save

• 1. To keep track of how much money you spend

1. How to save money successfully?

• 1. Spend all your money immediately

• 1. Put your money away for use in the future

1. Saving for the future means giving up things today.

• True

• False

1. What are some examples of how saving for the future means giving up things today?

• 1. Not buying candies and video games

• 1. To eat healthy food.

1. What are some different ways of saving money?

• 1. a) Saving money in a piggy bank

• 1. b) Saving money in a bank account

• 1. Both a and b

1. What is the main learning of this lesson?

• 1. Spending money

• 1. Giving up things today

• 1. Saving money