Savings review

What does "saving" mean?

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CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Is spending less money the same as saving money? Why or why not?

• Yes - If I spend less I am saving money.

• No - spending less does not mean setting aside money.

• Yes - If I spend less I have more to spend.

• No -"spend less" is just a common advertising gimmick.

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CCSS.RI.8.8

CCSS.RI. 9-10.8

CCSS.RI.11-12.5

CCSS.RI.11-12.8

CCSS.RI.9-10.5

Check all the answers that are a possible way to save money.

• Put money in a savings account every time you earn money.

• Give money to a family member to hold for you.

• Use a savings app.

• Put money on a prepaid card

• Put money in a special box or drawer in you house.

List at least three reasons to save money.

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CCSS.RI.8.8

CCSS.RI.8.1

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

You should save based on which following formula

• Money needed/ how much time you have to save

• $100/month

• what I want / what I need

• income / rent

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CCSS.7.RP.A.3

What is the difficult "gray area" for a savings strategy?

• When one starts out using public benefits.

• Paying for child care.

• High rent

• having a medical emergency

Which of the following option pay direct interest?

• saving at home

• having a family member hold my cash

• prepaid card

• saving account

Which of the following will probably not have fees?

• saving cash at home

• giving cash to a family member to save

• repaid card

• savings account

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CCSS.5.NF.B.5B

Which of the following is least likely to be lost through theft?

• saving at home

• giving cash to a family member to save

• prepaid card

• saving account

Which of the following are the easiest to access? Choose two.

• keeping cash at home

• giving cash to a family member to save

• prepaid card

• savings account