Grade K-2, 3-5, 6-8, 9-12
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Activity
Savings Match Game
Objective
Students will be able to:
- Explain the key terms associated with saving money.
Standard
National Standards in Economics
Decision Making
Standard: 2
- Students will understand that: Effective decision making requires comparing the additional costs of alternatives with the additional benefits. Many choices involve doing a little more or a little less of something: few choices "are all or nothing" decisions.
- Students will be able to use this knowledge to: Make effective decisions as consumers, producers, savers, investors, and citizens.
National Standards in Financial Literacy
Saving
Standard: 3
- Students will understand that: People who have sufficient income can choose to save some of it for future uses such as emergencies or later purchases. Savings decisions depend on individual preferences and circumstances. Funds needed for transactions, bill-paying, or purchases, are commonly held in federally insured checking or savings accounts at financial institutions because these accounts offer easy access to their money and low risk. Interest rates, fees, and other account features vary by type of account and between financial institutions, with higher rates resulting in greater compound interest earned by savers.
Concepts
In this personal finance activity, students match terms about saving with their definitions.
Resources
Procedure
This is an individual activity where students will match key terms associated with saving with their definitions. To complete this activity, students need to follow the directions below:
- Go to the Quizizz Savings Match Game Activity, the NearPod Savings Match Game Activity, or the ReadyAssessments Activity for the Savings Match Game.
- Match the terms with their definitions.