Social Studies - 2019-20

1.9 - Saving Money

The student will recognize that people save money for the future to purchase goods and services.

Adopted: 2015

BIG IDEAS

Putting off what I want right now, can help me achieve a bigger goal later.


UNDERSTANDING THE STANDARD

People can choose to spend or save money.

To save money, people give up spending now in order to buy goods and services in the future.

ESSENTIALS

Terms to know

  • money: Paper bills and coins used to pay for goods and services
  • savings: Money not spent now so it can be spent in the future

People save to buy something later when they have enough money.

KEY VOCABULARY

Updated: May 25, 2018