By analyzing real-world scenarios, students practice making informed decisions about savings tools to meet financial situations and needs.
Save and invest (Banking options, Choosing how to save)
CTE (Career and technical education), Social studies or history
High school (9-10), High school (11-12)
75-90 minutes
Big idea
Different situations may require different savings tools.
Essential questions
- What are some benefits and risks related to different savings tools?
- How do you decide which savings tools work for different situation and needs?
Objectives
- Understand ways to store money, including types of savings tools offered by insured depository institutions
- Be able to match appropriate savings tools with real-world scenarios
What students will do
- Use the “Evaluating savings scenarios” worksheet to review real-world savings
situations. - Recommend a savings tool(s) for each scenario.
- Give a clear reason for choosing each savings tool.
Download activity
Teacher guide
cfpb_building_block_activities_evaluating-savings-scenarios_guide.pdf
Student materials
cfpb_building_block_activities_evaluating-savings-scenarios_worksheet.pdf
cfpb_building_block_activities_options-for-storing-savings_handout.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.
