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?

🧒 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?

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?

🧮 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?

Reflection

• Why do people save money?

• What is something you could save for?