5. Saving money is very important!
Start saving as soon as you start a job!
6. Pay
Yourself
First!
Pay yourself first means
save money every payday
for you.
7. Why save money?
You will need money for…
…a car.
…a computer.
…a flat screen tv.
…a vacation.
…a wedding.
…furniture.
…to pay college for children.
…an emergency.
13. 2. There are different ways to save money.
a. Save money in a piggy bank.
b. Save money in a bank account.
c. You can buy real estate (a house).
d. You can buy bonds.
e. You can buy stocks.
15. Saving money in a bank is better than using a piggy bank.
4. Banks pay you extra money to save.
The extra money is called interest.
Saving Plan #3:
Open a savings account.
18. Remember: if you do not
touch money saved in the
bank for a long time, your
money will grow.
Saving Plan #3:
Open a savings account.
19. 6. Another way to save money is to invest.
When you invest, you ‘buy’ an investment that you do not touch.
After a long time, your investment will be worth more money.
20. 6. Another way to save money is to invest.
When you invest, you ‘buy’ an investment that you do not touch.
After a long time, your investment will be worth more money.
1999 = $100,000
2019 = $150,000
7. A house –real estate- is a
kind of investment.
If you buy a house, you may
stay in it for a long time.
After many years, your house
may be worth more money.
Saving Plan #4:
Invest your money in a house.
http://www.clker.com/clipart-3518.html
21. Remember: if you do not sell
the house for a long time, the
value will grow.
22. 7. Buying a bond is another kind of investment.
When you buy a bond, you are lending someone money.
They promise to pay you back the money plus interest.
People like to give U.S.
Savings Bonds to babies.
You pay $50 for this U.S.
Savings Bond.
The U.S. government promises
to pay you back the $50 +
interest.
After 20 years, when the baby
is in college, the bond will be
worth $100.
Saving Plan #5:
reiki.sjdr.com.br
Invest your money in bonds.
23. Lemonade Stand
Bond Certificate
$110
Lending money to a business is called ‘buying a bond.’
When you buy a bond from a business, the business promises to
pay you back later. They will pay you back plus interest.
Saving Plan #4:
Invest your money in bonds.
reiki.sjdr.com.br
24. Remember: if you do not touch
money in a bond for a long
time, your money will grow.
25. Saving money is very important!
If you save nothing for ten years, you will have nothing.
If you save $10 in a piggy bank each week for ten years,
you will have about $4,800.00.
If you put money in a savings account for ten years, you will
have $5,459.71.
This is more money because banks pay interest!