Savings & Benefits to Saving

T.I.P.S.

Students must be able list reasons to save money and explain the benefit of having a plan for saving money, including saving money for college.

Example

Ava always receives money from her grandparents on her birthday. Her parents let her spend some of it each year and insist that she save the rest for the future. Ava’s best friend tells her that she ought to be able to spend all of it if she wants to. If you were Ava, what would you tell Ava’s friend to explain why she should save the money? Hint  Possible Solution 

TEKS

Supporting Standard 

3.9 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:

 (E) list reasons to save and explain the benefit of a savings plan, including for college

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