How do I save money?

Did you know that the word "Benjamins" is slang for money? Check out the All About the Benjamins supplement from the Tampa Bay Times to learn more about money.

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Benjamin Franklin was a great believer in thrift. In fact, from 1732-1758, he created a publication Poor Richard's Almanac(k) - written under the pseudonym of "Poor Richard" or "Richard Saunders." Saving is difficult. We have unlimited wants and have to make decisions about saving vs. spending. In order to understand the basics of saving, check out Practical Money Skills and try their Saving for a Goal calculator. After you have learned the basics, use the NIE Supplement All About the Benjamins to gather ideas to use in a social media post about thrift. For example, you can create an instagram or twitter post about thrift. Or you can create a short video public service announcement or an infographic. 

​Standards
SS.8.FL.3.7 Discuss the different reasons that people save money, including large purchases (such as higher education, autos, and homes), retirement, and unexpected events. Discuss how people’s tastes and preferences influence their choice of how much to save and for what to save.
SS.912.FL.3.1:Discuss the reasons why some people have a tendency to be impatient and choose immediate spending over saving for the future.