Comparing Various Savings Options
T.I.P.S.
Students must be able to identify different ways to save money and then compare the pros and cons of each different options for saving money which could include decisions about interest, interest rate, investing, or a savings account.
Example
Courtney’s parents are trying to decide what the best method for saving money is for their family. They are considering three options: put money in a jar that is kept in their house, open a savings account with their bank, or invest money in the stock market and/or real estate. What are some advantages and disadvantages of each option?
Digital Tools
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Federal Reserve System’s Resources for Educators
Teacher Online Resource Center
TEKS
Supporting Standard 4.10 Personal financial literacy. The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security. The student is expected to:(C) compare the advantages and disadvantages of various savings options
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