Saving, Spending, and Income: Save It! (Lesson 5)
In this lesson, students learn about income, saving, and spending.
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Lessons & Activities
31-45 min
Simple and Compound Interest—Why It Is Great To Save (Lesson 6B)
Simple and Compound Interest—Why It Is Great To Save (Lesson 6B)
OVERVIEW
In this lesson, students learn formulas for simple and compound interest, as well as the Rule of 72, and realize the benefit of saving in general and the benefit of saving early in particular.
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LESSONS & ACTIVITIES
31-45 MIN
VIDEO Q&A
0-15 MIN
How Daniel Got What He Wanted
This video teaches about the value of saving.
MODULES
16-30 MIN
Building Human Capital | It's Your Paycheck Lesson 1
This interactive assignment teaches the link between investment in human capital and earning income.
READING Q&A
16-30 MIN
Banking Basics
This reading assignment describes the differences between banks, online banks, and credit unions.
AUDIO Q&A
0-15 MIN
Fiscal Policy
This audio assignment covers how the government uses fiscal policy to influence the economy.
CURRICULUM UNITS
1 HOUR+
Navigate: Exploring College and Careers
This resource for 7th through 9th graders introduces students to planning for careers and college.
More in This Series
CURRICULUM UNITS
1 HOUR+
Making Personal Finance Decisions Curriculum
The Making Personal Finance Decisions curriculum teaches valuable personal finance lessons grounded in economic theory.
LESSONS & ACTIVITIES
31-45 MIN
The Wealth Game—Factors for Success (Lesson 1A)
After playing a game simulating wealth creation, students reflect on determinants of wealth: natural abilities, effort, motivation, and luck.
LESSONS & ACTIVITIES
31-45 MIN
Making Choices and Identifying Costs (Lesson 1B)
Students are introduced to the PACED decisionmaking model and grid as a guide to making personal finance choices.
LESSONS & ACTIVITIES
31-45 MIN
The Inventory Game—Net Worth and Cash Flow (Lesson 2A)
Students play a game to learn about net worth, cash flow, and the relationship between them.
LESSONS & ACTIVITIES
31-45 MIN
Meeting Financial Goals—Rate of Return (Lesson 2B)
Students are shown the two ways that investments can earn a return.
LESSONS & ACTIVITIES
31-45 MIN
Investing in Yourself (Lesson 3A)
Students perform calculations to demonstrate the importance of human capital in increasing a person’s productivity.
LESSONS & ACTIVITIES
31-45 MIN
Entrepreneurship—Working for Yourself (Lesson 3B)
Students learn about common traits of entrepreneurs through an activity.
LESSONS & ACTIVITIES
31-45 MIN
What Are Taxes For? (Lesson 4A)
Students learn why it is necessary for the government to provide some goods and services.
LESSONS & ACTIVITIES
31-45 MIN
Understanding Taxes (Lesson 4B)
Students learn about factors that make various taxes different.
LESSONS & ACTIVITIES
31-45 MIN
Making a Budget—It Is All Spending! (Lesson 5A)
Students discover that all elements of a budget are essentially spending on goods and services.
