This lesson introduces students to the basics of how money grows through saving and investing.
Teaching Objectives:
- Consider alternative ways to help money grow through savings.
- Apply simple math concepts to determine the future value of money.
- Introduce students to the concept of investment risk.
Suggested Grade Level
3rd Grade – 6th Grade
Lesson Excerpt:
Part of learning about money management includes knowing where to put savings. The value of savings increases differently depending on how the money is managed. Placing savings in something beyond a savings account introduces students to the world of investments.
When they become adults, these students will have control over where they invest their money for retirement. It is important that they understand how to get the best growth for their money. At the same time, they need to understand the chances of losing that money in investments.
This lesson introduces students to the basics of how money grows through saving and investing. It introduces the concepts of financial risk and rates of return.
