103 Saving Money
👩🏫 Teacher’s Guide
Objective
Students will understand why people save money, how small amounts add up, and how to compare a savings total to a purchase goal.
Vocabulary
save, goal, total, spend, add, plan
Teaching Notes
- Show a real piggy bank or jar to model saving.
- Demonstrate adding small amounts over time: $1 + $1 + $1.
- Explain that savings help us reach a goal, like buying a book or toy.
- Teach students to check: Do I have enough yet?
- Encourage students to talk about their choices: save or spend?
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🧒 Student Worksheet
Concept and Helping Material
Saving means keeping your money instead of spending it right away.
A goal is something you want to buy in the future.
Small amounts saved over days or weeks can grow into enough money to reach a goal.
Hands-On Experiment or Activities
What You Need:
Play money, paper piggy bank, simple price tags ($3, $4, $5, $8)
What You Do:
1. Each student chooses a “goal item.”
2. Start with $0 and “earn” $1 or $2 at a time.
3. Record savings each round.
4. When students reach the item’s price, they “buy” it.
5. Discuss: Was it better to save or spend early?
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Vocabulary and Definition
- — to keep money for later
- — something you plan to get
- — all your saved money added together
- — to use money to buy something
- — a choice for how money will be used
Words to Learn
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Questions to Answer
Story:
Jada wants a book that costs $8.
She saves $2 each week in her piggy bank.
After 3 weeks, she counts her money.
1. How much does Jada save each week?
2. How many weeks has she saved?
3. How much money does she have now?
4. Is $6 enough to buy the $8 book?
5. How many more dollars does she need?
6. What could Jada do next?
7. Why is saving helpful?
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🧮 Finance Math Practice
1. You save $1 each day for 5 days. Total?
2. You want a toy that costs $6. You have $4 saved. Need more?
3. You save $3 and later save $2 more. How much now?
4. A game costs $10. You saved $7. Enough?
5. You save $2 each week for 4 weeks. Total?
6. You have $8 and buy a book for $5. Money left?
7. You save $1, $1, and $2. How much saved?
8. You want a $9 puzzle. You have $6. Need more?
9. If you save $2 and then $3, what is the total?
10. If you spend $4 from $7 saved, how much left?
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Reflection
- Why do people save money?
- What is something you could save for?