Learning how to save money is a hard lesson for most of us, so you might as well start talking about it early. This “Smart Saving” lesson for grades 3-8 does a great job of teaching kids about saving money in an age-appropriate way. Plus, it covers other important topics like investing and credit. It’s all part of our Adventures in Math resource center!

## What’s in the “Smart Saving” lesson?

This lesson is divided into four parts:

Part 1—Vocabulary/Concept Development: Tell a cute dog story that’s really an allegory about saving vs. investing to introduce important vocab.

Part 2—Hands-On Activity: Play a dice game to simulate the growth of money in a savings account. A second game contrasts that kind of steady growth with the risks of investing money in a business.

Part 3—Save It or Charge It? Use real examples (buying a new television and computer) to compare the advantages of saving compared with the disadvantages of charging using a credit card.

Part 4—Using Dollar Dilemmas Activity Sheet: Continue the learning around how money can grow when placed into a savings or investment account.

## Standards

• Develop an understanding of personal financial literacy, including spending, saving, investments, interest, loans, types of accounts, and account balancing.
• Participate in group discussions.
• Reason abstractly and quantitatively.
• Communicate mathematical ideas, reasoning, and relationships.
• Use place value understanding and properties of operations to perform multi-digit arithmetic.
• Apply mathematics to solve problems arising in everyday life.
• Solve problems using the four operations with whole numbers, fractions, and decimals to hundredths.
• Solve multi-step word problems.
• Analyze information, formulate a plan or strategy, determine a solution, justify the solution, and evaluate the problem-solving process and the solution.
• Represent and interpret data.