Put money into savings

Math

• The child has learned the concept of saving money and putting it into a separate account.
• They have practiced adding up the amounts they want to save and keeping track of their progress.
• The child has learned about interest rates and the potential growth of their savings over time.
• They have learned basic financial literacy skills, such as distinguishing between wants and needs when deciding how much money to save.

Encourage the child to continue their development by exploring more advanced concepts in personal finance, such as budgeting, investing, and understanding the stock market. They can also engage in real-life experiences, such as opening a bank account or investing in a small business, to further their understanding of saving and financial planning.

Book Recommendations

• The Lemonade War by Jacqueline Davies: This book explores the entrepreneurial journey of two siblings who start a lemonade stand and learn valuable lessons about money and saving.
• The Go-Around Dollar by Barbara Johnston Adams: This story follows a dollar bill as it travels from person to person, teaching children about the value of money and the importance of saving.
• Rock, Brock, and the Savings Shock by Sheila Bair: In this book, two brothers discover the power of saving and investing their money, ultimately learning important lessons about financial responsibility.