2.1 Saving Basics (Due 9/7/22)

Last updated about 1 year ago

22 questions

Note from the author:

In this lesson, you will learn to:
Explain how saving is linked to overall wealth
Describe how saving and investing are different
Understand fundamentals of saving such as reasons for saving, how much to save, and strategies to enable saving
Acknowledge the role of delayed gratification in saving

Instructions

In this lesson, you will learn to:
Explain how saving is linked to overall wealth
Describe how saving and investing are different
Understand fundamentals of saving such as reasons for saving, how much to save, and strategies to enable saving
Acknowledge the role of delayed gratification in saving

2.1 Saving Basics (Due 9/7/22)

Last updated about 1 year ago

22 questions

Note from the author:

In this lesson, you will learn to:
Explain how saving is linked to overall wealth
Describe how saving and investing are different
Understand fundamentals of saving such as reasons for saving, how much to save, and strategies to enable saving
Acknowledge the role of delayed gratification in saving

Instructions

In this lesson, you will learn to:
Explain how saving is linked to overall wealth
Describe how saving and investing are different
Understand fundamentals of saving such as reasons for saving, how much to save, and strategies to enable saving
Acknowledge the role of delayed gratification in saving

Have you or your family ever saved money for something?

Required

Have you or your family ever saved money for something? What were you saving for?

Required

What strategy(ies) did you use to save?

What is Wealth?
Watch this brief video on wealth

Required

What does being weathly look like? Represent your thoughts without using words.

Required

The Difference Between Saving & Investing
Watch this video and use what you’ve learned to answer the questions that follow

Required

Your friend recently got a pay raise and plans on putting more money into his savings account. You know that he does not have any investments and advise him to open a 401k (this is a retirement investment) instead. He doesn't understand why he should do so. What do you tell him?

Learn the Most Important Reasons to Save Money
Read this article that gives 7 reasons why you should consider saving money. Then answer the questions.

Required

Which of these types of saving are you already doing? If you are not saving which one would you do first?

Required

Which of these 7 reasons to save is NOT really an example of saving, but rather of investing?

How Much Should I Save? Kal Penn Explains
Watch this video on how much to save, which also gives some examples of what to save for. Then answer the questions..

Required

How much does Kal Penn recommend you save?

Required

Why does it make sense to start investing right now?

Day 2     9-7-22

5 Simple Saving Tricks
Read this article. Then answer the questions.

Required

Which of the 5 tricks are you already doing?

Required

Which of the 5 tricks would be MOST difficult for you to implement? Why?

Savings Calculator
Use the savings calculator provided to fill in the chart.

You earn $100 per month and want to save 10% in a savings account.

Required

Fill out the chart using the link provided.

Required

Based on what you know about saving and investing, would the totals be the same if you had invested the money, instead of saving it? Why or why not?

Don’t Eat the Marshmallow
Watch this video about a famous psychology study often referred to as the "Marshmallows Study".  Then answer the questions.

Required

When you were four, would you have eaten the marshmallow?

Required

Reflect on a moment when you were very tempted to spend money on something. Did you end up spending the money?

Required

Why is it sometimes SO hard to resist?

Exit Ticket

Required

What is wealth?

Required

	Investing	Saving
Putting $20 per paycheck into an account to help pay for books during college
Contributing 3% of your paycheck to a 401(k) plan offered through your job
Buying shares of stock in your favorite clothing company
Giving your cousin $5000 to help start his business, in exchange for 5% of his monthly profits
Depositing your annual income tax return into an account until you have enough to buy a car

	Investing	Saving
Putting $20 per paycheck into an account to help pay for books during college
Contributing 3% of your paycheck to a 401(k) plan offered through your job
Buying shares of stock in your favorite clothing company
Giving your cousin $5000 to help start his business, in exchange for 5% of his monthly profits
Depositing your annual income tax return into an account until you have enough to buy a car

2.1 Saving Basics (Due 9/7/22)

In this lesson, you will learn to:

In this lesson, you will learn to:

2.1 Saving Basics (Due 9/7/22)

In this lesson, you will learn to:

In this lesson, you will learn to:

Have you or your family ever saved money for something?

Have you or your family ever saved money for something? What were you saving for?

What strategy(ies) did you use to save?

What is Wealth?

Watch this brief video on wealth

What does being weathly look like? Represent your thoughts without using words.

The Difference Between Saving & Investing

Watch this video and use what you’ve learned to answer the questions that follow

Your friend recently got a pay raise and plans on putting more money into his savings account. You know that he does not have any investments and advise him to open a 401k (this is a retirement investment) instead. He doesn't understand why he should do so. What do you tell him?

Learn the Most Important Reasons to Save Money

Read this article that gives 7 reasons why you should consider saving money. Then answer the questions.

Which of these types of saving are you already doing? If you are not saving which one would you do first?

Which of these 7 reasons to save is NOT really an example of saving, but rather of investing?

How Much Should I Save? Kal Penn Explains

Watch this video on how much to save, which also gives some examples of what to save for. Then answer the questions..

How much does Kal Penn recommend you save?

Why does it make sense to start investing right now?

Day 2 9-7-22

5 Simple Saving Tricks

Which of the 5 tricks are you already doing?

Which of the 5 tricks would be MOST difficult for you to implement? Why?

Savings Calculator

You earn $100 per month and want to save 10% in a savings account.

Fill out the chart using the link provided.

Based on what you know about saving and investing, would the totals be the same if you had invested the money, instead of saving it? Why or why not?

Don’t Eat the Marshmallow

When you were four, would you have eaten the marshmallow?

Reflect on a moment when you were very tempted to spend money on something. Did you end up spending the money?

Why is it sometimes SO hard to resist?

Exit Ticket

What is wealth?

Have you or your family ever saved money for something?

Have you or your family ever saved money for something? What were you saving for?

What strategy(ies) did you use to save?

What is Wealth?

Watch this brief video on wealth

What does being weathly look like? Represent your thoughts without using words.

What does being wealthy mean to you?

Do you want to be wealthy? Why or why not.

How are wealth and savings related?

The Difference Between Saving & Investing

Watch this video and use what you’ve learned to answer the questions that follow

Determine whether each action is an example of saving or investing:

Your friend recently got a pay raise and plans on putting more money into his savings account. You know that he does not have any investments and advise him to open a 401k (this is a retirement investment) instead. He doesn't understand why he should do so. What do you tell him?

Learn the Most Important Reasons to Save Money

Read this article that gives 7 reasons why you should consider saving money. Then answer the questions.

Which of these types of saving are you already doing? If you are not saving which one would you do first?

Which of these 7 reasons to save is NOT really an example of saving, but rather of investing?

How Much Should I Save? Kal Penn Explains

Watch this video on how much to save, which also gives some examples of what to save for. Then answer the questions..

How much does Kal Penn recommend you save?

Why does it make sense to start investing right now?

Day 2 9-7-22

5 Simple Saving Tricks

Which of the 5 tricks are you already doing?

Which of the 5 tricks would be MOST difficult for you to implement? Why?

Savings Calculator

You earn $100 per month and want to save 10% in a savings account.

Fill out the chart using the link provided.

Based on what you know about saving and investing, would the totals be the same if you had invested the money, instead of saving it? Why or why not?

Don’t Eat the Marshmallow

When you were four, would you have eaten the marshmallow?

Reflect on a moment when you were very tempted to spend money on something. Did you end up spending the money?

Why is it sometimes SO hard to resist?

Exit Ticket

What is wealth?

How much of your paycheck should you save according to experts?

Which of the following statements is TRUE?

What does being wealthy mean to you?

Do you want to be wealthy? Why or why not.

How are wealth and savings related?

Determine whether each action is an example of saving or investing:

How much of your paycheck should you save according to experts?

Which of the following statements is TRUE?