Saving for this or that

Updated Aug 04, 2022

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.

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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Key information for this activity

Building block

(What are the building blocks?)

Executive function
Financial habits and norms

Topic

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

School subject

Physical education or health, Social studies or history

Audience

Grade level: Elementary school (K-1), Elementary school (2-3)

Age range: 5-7, 7-9

Student characteristics: English language learners, Special education, Low income, Rural, Urban

Activity characteristics

Activity type: Whole class

Teaching strategy: Cooperative learning, Gamification

Bloom’s Taxonomy level: Understand, Evaluate

Activity duration: 15-20 minutes

National standards

(What are the national standards? )

Standards: II. Spending, III. Saving

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