Semester Course - Ms. McRae's Classes - Home



Semester Course3.1 Save Early & OftenStudent Activity PacketName: In this lesson, you will learn to: Describe how saving and investing are differentUnderstand fundamentals of saving such as reasons for saving, how much to save, and strategies to enable savingExplain why it is important to start investing for retirement when you are still youngResourcesQuestions1 QUESTION OF THE DAY: What worries adults most when it comes to financial matters?Answer the question on the first slide in the box. Then, compare your answer to the answer on the second slide. Finally, follow your teacher’s directions on how to answer the follow-up questions on the last slide. Estimated time: 5 mins2How Much Should I Save? Kal Penn ExplainsWatch this video on how much to save, which also gives some examples of what to save for. Then answer: Estimated time: 5 minsHow much does Kal Penn recommend you save? Why does it make sense to start saving or investing right now? 3The Difference Between Saving & InvestingWatch this video and use what you’ve learned to answer the following. Estimated time: 5 mins Determine whether each action is an example of saving or investing: Putting $20 per paycheck into an account to help pay for books during collegeContributing 3% of your paycheck to a 401(k) plan offered through your jobBuying shares of stock in your favorite clothing companyGiving your cousin $5000 to help start his business, in exchange for 5% of his monthly profitsDepositing your annual income tax return into an account until you have enough to buy a car45 Simple Saving TricksRead the article and then answer the questions at right. Estimated time: 5 minsWhich of the 5 tricks are you already doing? Which of the 5 tricks would be MOST difficult for you to implement? Why? 5CARTOONS: Why is it So Hard to Save Money?While saving is one of the basic foundations of personal finance, it can be hard to do. Follow the directions on this worksheet to complete this activity and explore why it can be challenging to save money. Estimated time: 20 mins6Exit TicketEstimated time: 5 mins What is a good “rule of thumb” for how much you should save? Name two ways that saving and investing are different. What is one strategy you can use to save more easily? ................
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