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Grade 2 Social Studies · World 9: Money Matters · Level 59
Saving Up
The benefits and costs of saving.
Warm-up, learn, try it together, practice, then a quick check. About 15 minutes.
What children learn in Level 59
- Saving means keeping money to use later. You can save in a piggy bank, or in a bank account.
- Saving has benefits. You can buy something bigger later, and you'll have money ready if something unexpected happens.
- A bank keeps your money safe, and may even pay you a little extra for keeping it there. That extra is called interest.
- Saving has a cost too: you have to wait, and you give up things you could buy today.
- Something you're saving for is called a savings goal. Sam wants a 10-dollar ball and saves 2 dollars each week: 2, 4, 6, 8, 10. That's 5 weeks!
Georgia Standards of Excellence in Social Studies:
- SS2E4 — Describe the costs and benefits of personal saving and spending choices.