Building savings habits

Updated Aug 21, 2020

Students discuss useful savings habits and then write captions for a comic strip about saving money.

Big idea

Savings habits can help us save money.

Essential questions

What are some habits that can help us save money?
What savings habits can I develop?

Objectives

Identify savings habits
Understand how savings habits can help us save money

What students will do

Discuss savings habits.
Write comic-strip captions about savings habits.

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Teacher guide

Building savings habits (guide)

Student materials

Building your savings (worksheet)

Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.

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Key information for this activity

Building block

(What are the building blocks?)

Financial habits and norms
Financial knowledge and decision-making skills

School subject

English or language arts, Fine arts and performing arts

Topic

Save and invest (Choosing how to save), Spend (Buying things)

Audience

Grade level: Elementary school (4-5)

Age range: 9-11

Student characteristics: Low income

Activity characteristics

Activity type: Individual

Teaching strategy: Direct instruction, Project-based learning

Bloom’s Taxonomy level: Understand, Apply, Create

Activity duration: 45-60 minutes

National standards

Council for Economic Education: Standard III. Saving

JumpStart Coalition: Spending and saving, Financial decision-making

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