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Objective: Students will understand the principles of saving money and why adopting a savings mindset is crucial for long-term financial well-being.Indicators: Investigate different saving strategies (e.g., lump sum or at regular intervals, pre-authorized and random contributions). Examine advantages and disadvantages associated with various saving strategies. Identify appropriate savings strategies based on needs, wants and goals (e.g., 50 per cent needs/30 per cent wants/20 per cent savings, auto withdrawal, deposit only account, deductions at source).
- Subject:
- Financial Literacy
- Material Type:
- Activity/Lab
- Assessment
- Lesson
- Author:
- Cindy Lowe
- Date Added:
- 09/13/2024