Savings

Ever have a medical emergency but no money to pay for it? Has your car ever suddenly broken down and you need money to fix it? Thinking of retiring someday but it sounds too expensive? Well, the key to all of these problems is saving. Savings: Lesson 3 will teach you the fundamentals of saving your money; starting with small amounts to growing chuck of change to learning how to invest your money.

Participants Will:

  • Understand and become aware of the importance of saving.
  • Recognize different money personalities related to spending.
  • Understand that regularly saving even small amounts can add up quickly.
  • Identify potential areas of savings to help them meet their goals.
  • Understand how compounding returns add up over time.
  • Learn how to choose an appropriate account for different types of savings.
  • Understand that not all investments are legitimate investments.

Key Features:

  • Explore saving values and opportunities to save.
  • Learn how to invest your money in different savings accounts.
  • Recognize red flags in investment fraud. 
  • Customize activities fit to either a 30 or 60 minute timeframe.
  • Easily add more resources by replicating included master copies.

Activities Included:

  1. Importance of Saving
  2. Sally's Opportunities to Save
  3. Ways to Jumpstart your Savings
  4. Save $20 a Week and Watch Your Money Grow!
  5. Different Types of Savings and Where to Keep Them
  6. Red Flags of Investment Fraud
  7. Wrap-up and Evaluation

What you'll need from the Resource Box:

  • Places to Keep My Money Puzzle Pieces
  • Red Flags of Investment Fraud Wallet Cards
  • Sally’s Views about Money and Values, copy and cut apart
  • Save $20 a Week and Watch Your Money Grow! handout AND/OR
    • Beads and plastic lacing:
      • 1 set containing 105 green beads and 1 plastic lacing (36" long)
      • 1 set containing 105 green beads, 14 blue beads, and 1 plastic lacing (36" long) 

Additional Materials (not included):

* = optional items

  • Pen or pencil for each participant
  • Tape

To become more financially secure, plan how to save a little money each week or each month. The best place to keep the money depends on how and when you’ll use it.