Savings and Interest

Class discussion tasks are denoted in what color?

• Red

• Blue

• Green

• Purple

What is the rule of 72 associated with?

• Calculating taxes.

• Understanding savings.

• Estimating the time for savings to double.

• Budgeting techniques.

Why should you save money?

• To buy a big item

• To pay for a bill

• To have emergency funds

• To build funds to invest

What can happen to your money when you save it?

• It can earn interest

• It can disappear

• It can be used by others without permission

• It can only be used to pay bills

What is a savings account considered as?

On what factors does interest depend?

Which question might you ask yourself when considering whether to save money or spend it?

• What is today's weather?

• Save or spend?

• What did I eat for breakfast?

• Is it a holiday today?

What is a question to consider if you decide to save your money?

• If I save, what's my best choice?

• What is my favorite color?

• Should I learn a new sport?

• What movie should I watch tonight?

When trying to decide on the timing of using your money, what question should you ask?

• When do I need it? Soon or after some time?

• How many hours are in a day?

• What is the capital of France?

• Should I start a new hobby?

What question should you consider to determine if you can invest your money?

• Can I put this money to work until then?

• What is the name of my pet?

• How many books do I own?

• Which new language should I learn?