Key Questions

👉   Why do people save?
👉   What are the benefits of saving?
👉   How do you create a savings plan?

Key Terms

👉   Savings Plan
👉   S.M.A.R.T. Goals

Questions about the video "Save Money"

Students will watch the video “Saving money” and discuss the following concepts covered:

• What are some examples of smaller purchases you may want to save money for? What about some larger things, which cost more money?  
• What is retirement?
• Why is saving for the future important?  

Questions about the video "S.M.A.R.T. Goals"

Students will watch the video “S.M.A.R.T. Goals” and discuss the following concepts covered

• Why might money goals be more successful if the specific details were measurable?
• Why is it important to have a money goal that’s relevant and important to you?

Activity 1: Worksheet S.M.A.R.T. Goals

Students will review S.M.A.R.T. Goals and complete a worksheet to explain what it means for a goal to be: Specific, Measurable, Achievable, Relevant, Time-Bound.

Activity 2: Dream it and do it!

Students will brainstorm personal goals for spending and saving, then create a savings plan.