6
Theme 2 Lesson 6:
How We Save
The class hears a story about Nicholas's family as it copes with an unexpected expense. In an activity designed to simulate an experience of scarcity, the students try to fit themselves into a space that is too small to accommodate them. They learn about depositing and withdrawing money as they participate in a savings game. They learn that good savers often have a plan for how and when to save.
Concepts
- Withdrawal
- Spending
- Opportunity Cost
- Choice
- Saving
- Scarcity
- Deposit
- Banking
- Spend
- Cost
- Money
Standards in Economics and Personal Finance
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