Concepts
This video is a classroom demonstration of Lesson 1: Why Save? from CEE’s Learning Earning and Investing for a New Generation publication. Following an introduction that defines saving, the students discuss the idea of “paying yourself first” and the reasons why people save. After reporting on their small group discussions, the students simulate the accumulation of simple interest and compound interest. They conclude the lesson by calculating both simple interest and (using the Rule of 72) the amount of time it takes to double a saved amount when interest is compounded. The video starts with an introduction of an educator describing how she teaches the lesson, followed by a demonstration of the lesson being taught to students in the classroom.
This lesson was originally published in CEE’s Learning Earning and Investing for a New Generation, which introduces students to the world of personal finance through 21 lessons that provide active learning experiences to help students master the basics of investing. Visit the CEE Store for more information about the publication and how to purchase it.