Introduction to Saving
Saving money: Easy to say but hard to do! At different points in their lives, people make different choices about saving. According to the Council for Economic Education, students should learn about the role of government agencies in protecting savings deposits; recall the bank run in It's a Wonderful Life (see video in Saving Resources below). Consider concepts such as compound interest, the difference between real and nominal interest rates, present versus future value, and benefit programs.
*Video title page photo credit: 401kcalculator.org
*Piggy bank image credit: www.SeniorLiving.Org
Order Financial Freedom (free to Florida Educators)
Use the Bank Run scene from It's a Wonderful Life as a hook to describe the role of the Federal Deposit Insurance Corporation (FDIC) and how it protects consumers from scenes like this today.
Florida teachers, order free copies of Financial Freedom for your students. We have included links to websites from Chapter 2. Below, download an instructional guide for the chapter, which include teacher instructions and standards alignment.
Check out this post for more resources on saving. These include website links from Financial Freedom, Chapter 2.