Big Banks, Piggy Banks K - 5 | Lesson URL: http://www.econedlink.org/e455
When choosing a place to put their money, people consider how safe there money will be, how easy it is to access, and whether it will earn more money. Students explore how well different savings places achieve these objectives. Students learn that people who don’t want to carry money with them or keep it at home often choose to put their money in a savings account at a bank or credit union. These financial institutions protect money from theft and other losses. They also pay interest on money deposited. This lesson works well as a follow-up to the ABCs of Saving.
Banking, Choice, Decision Making, Interest, Money Management, Savings
- Identify the advantages and disadvantages of saving at home or saving in a bank.
- Choose the appropriate savings place for having money easily available, having it earn interest, and having it be safe.
- Recognize that saving means not spending.
Student link: http://econedlink.org/455
This interactive lesson will show students the importance of keeping track of their savings.
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