Save or Spend?

Choose how much to save and how much to spend.

Warm-up, learn, try it together, practice, then a quick check. About 15 minutes.

What children learn in Level 56

When people earn income, they choose what to do with it. They can spend some, and save some.
Spending means using money to buy things. A good thing about spending: you get something you want now.
Saving means keeping money to use later. A good thing about saving: you can buy something bigger later.
Ava wants a $6 kite. Ava saves $2 every week. 2, 4, 6: after 3 weeks, Ava can buy the kite!
Many people keep their savings safe in a bank.
Every family decides how much to save and how much to spend. There's no one right answer!
Your turn! Leo earned $5 and saved $2. How much is left to spend? 5 take away 2 is 3. $3!
Try it with a grown-up! Make a save jar and a spend jar. Decide together what to save up for.

Georgia Standards of Excellence in Social Studies:

SS1E4 — Explain that people earn income by working and that they must make choices about how much to save and spend.