Students learn the importance of developing an emergency savings fund to deal with unexpected challenges and unplanned expenses.
Save and invest (Banking options, Building emergency savings, Choosing how to save, Saving for long-term goals, Saving for short-term goals)
CTE (Career and technical education), Math, Social studies or history
High school (9-10), High school (11-12)
45-60 minutes
Big idea
Planning ahead for unexpected events makes it easier to face financial challenges.
Essential questions
- How can I prepare myself financially for unexpected events?
- How can I start to build an emergency savings fund?
Objectives
- Determine what a financial emergency looks and feels like
- Make an action plan to save money for an emergency fund
What students will do
- Use the “Creating a savings first aid kit” worksheet to figure out what a financial emergency looks and feels like.
- Create a plan for building an emergency savings fund.
Download activity
Teacher guide
cfpb_building_block_activities_creating-savings-first-aid-kit_guide.pdf
cfpb_building_block_activities_como-crear-un-kit-de-ahorro_guia.pdf
Student materials
cfpb_building_block_activities_creating-savings-first-aid-kit_worksheet.pdf
cfpb_building_block_activities_como-crear-un-kit-de-ahorro_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.
