To introduce the concept of saving money, have participants read and analyze various children’s books from the Children’s Book Integration Active Learning Tool. Use jelly beans and the graph provided in the PowerPoint to create a visual of the time value of money magic and have them do a savings quest. Conclude the lesson by playing bingo from the Bingo Active Learning Tool, or play Take a Chance Tracking. Assessment options include writing an essay about the Hannah and Morgan Roommates scenario, or doing the reinforcement worksheet.

Lesson Objectives

  • Evaluate the importance of saving money
  • Assess the importance of developing financial goals when saving money
  • Analyze the trade‐offs and opportunity costs when saving money
  • Implement the pay yourself first strategy
  • Summarize the time value of money concept
  • Identify the benefits of compounding interest on savings

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