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Saving each payday

Updated

Students use a real-world simulation to learn how saving a little money each payday can be a successful strategy for saving.

Big idea

Saving money can help you achieve financial well-being.

Essential questions

  • How does saving help me to meet my financial goals?

  • How can I make a plan to save?

Objectives

  • Create a plan to save a percentage of net income each payday

  • Determine how long it will take to save for a big purchase based on a savings plan

  • Understand the habits and practices that can make payday a save day

What students will do

  • Review a real-world work scenario that appears in the “Saving each payday” worksheet.

  • Calculate how long it will take to save for a car by saving a percentage of their net income each payday.

  • Brainstorm other financial habits and strategies for saving.

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Teacher guide

Saving each payday (guide)

Student materials

Saving each payday (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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