Ways to Save

2020.11.03 9:31 am - 10:14 am

Teaching point: What are some strategies and rules of thumb that we can use to save?

Do now

Answer in the document

  1. What are some things your family does on a regular basis to save money? How often does your family do these things?

  2. Which practices have you found to be the most effective in saving money? Why do you think they are effective?

2020.11.03 Do Now

Agenda

Do Now (10 Minutes)

Mini Lesson: 50 - 20 - 30 Rule(25 Minutes)

Closure (5 minutes)

50 - 30 - 20 Rule

2020.11.03 Budgeting

Closure

  • More than half of American households have less than one month’s worth of income in a readily available savings account (The Motley Fool, 2016)

  • 1 in 3 Americans do not have any retirement savings and 76% of Americans live paycheck to paycheck