Saving each payday
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 net income each payday.
- Brainstorm other financial habits and strategies for saving.
Download activity
Teacher guide
cfpb_building_block_activities_saving-each-payday_guide.pdf
cfpb_building_block_activities_como-ahorrar-cada-dia-de-pago_guia.pdf
Student materials
cfpb_building_block_activities_saving-each-payday_worksheet.pdf
cfpb_building_block_activities_como-ahorrar-cada-dia-de-pago_tabla.pdf
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.