Financial literacy activities

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Saving for this or that

Students vote with their feet as they choose between two things they could save for and then reflect on the importance of setting goals for saving.

Topic

Save and invest (Saving for long-term goals, Saving for short-term goals)

Subject

Physical education or health, Social studies or history

Grade Level

Elementary school (K-1), Elementary school (2-3)

Duration

15-20 minutes

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Updated

Big idea

Having a goal can help us save money.

Essential questions

  • How do I decide what to save money for?
  • Why is it a good idea to save money for something I want?

Objectives

  • Practice deciding what to save for
  • Understand the importance of saving

What students will do

  • Stand or sit to choose between two savings goals.
  • Discuss why they made that choice and why it’s important to have a goal when you save money.

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Teacher guide

cfpb_building_block_activities_saving-this-that_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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