Financial literacy activities

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Contrasting long-term and short-term savings goals

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

Topic

Save and invest (Choosing how to save, Saving for long-term goals, Saving for short-term goals)

Subject

Math, Physical education or health

Grade Level

Middle school (6-8)

Duration

15-20 minutes

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Updated

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:
    • Jump twice when they hear a short-term savings goal.
    • Squat twice when they hear a long-term savings goal.

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Teacher guide

cfpb_building_block_activities_contrasting-long-short-term-savings-goals_guide.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.

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