Resources cannot be aligned to this standard, browse sub-standards to find lessons.
Identify ways that people can choose to save money in many places—for example, at home in a piggy bank or at a commercial bank, credit union, or savings and loan.
Identify ways that income is saved, spent on goods and services, or used to pay taxes.
Identify savings goals people set as incentives to save. One savings goal might be to buy goods and services in the future.
Explain that when people deposit money into a bank (or other financial institution), the bank may pay them interest. Banks attract savings by paying interest. People also deposit money into banks because banks are safe places to keep their savings.
Explain that when people save money, they give up the opportunity to buy things now in order to buy things later.