Students learn about the importance of saving, explore the difference between short-term and long-term goals, and then set their own savings goals.
Topic
Save and invest (Saving for long-term goals, Saving for short-term goals)
Subject
English or language arts, Math
Grade Level
Elementary school (2-3), Elementary school (4-5)
Duration
45-60 minutes
Big idea
Some things take a long time to save for, while others take a shorter amount of time.
Essential questions
- What’s the difference between long-term and short-term goals?
- How can a savings goal help us save money?
Objectives
- Understand the difference between long-term and short-term goals
- Create personal long-term and short-term goals
What students will do
- Discuss the difference between long-term and short-term goals.
- Review pictures of items to buy and sort them into long-term and short-term goals.
- Write personal long-term and short-term savings goals.
Download activity
Teacher guide
cfpb_building_block_activities_saving-now-later_guide.pdf
Student materials
cfpb_building_block_activities_saving-now-later_worksheet.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.
