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Contrasting long-term and short-term savings goals

Updated

Students learn the difference between short-term and long-term savings goals and apply their knowledge in an exercise-oriented game.

Big idea

Saving money can help you reach your short-term and long-term goals.   

Essential questions

  • What’s the difference between short-term and long-term goals?
  • Why is it important to budget for a short-term or long-term goal?

Objectives

  • Understand the difference between short-term and long-term goals
  • Begin to plan for spending and savings decisions that are aligned with personal goals 

What students will do

  • Play an exercise game that requires students to:
  1. Jump twice when they hear a short-term savings goal.
  2. Squat twice when they hear a long-term savings goal.
  •  If time permits, students can share examples of their own savings goals.