Concepts
In this lesson, students listen to the story of Ruby and Max, two bunnies that go
shopping and make many spending decisions. Students are introduced to short-term
and long-term savings goals to help them save for goods they want in the future.
After a goal-sorting activity, students choose and illustrate their own savings goals.
Learning Objectives
Student will be able to:
- Define goods, spending, saving, and interest;
- Name two types of savings goals;
- Give examples of short-term and long-term savings goals; and
- Explain why a bank is a good place to save money.
Description
In this lesson, students listen to the story of Ruby and Max, two bunnies that go shopping and make many spending decisions. Students are introduced to short-term and long-term savings goals to help them save for goods they want in the future. After a goal-sorting activity, students choose and illustrate their own savings goals.
We would like to thank the Federal Reserve Bank of St. Louis for allowing us to reprint this lesson. Visit Econ Lowdown TM , the Federal Reserve Bank of St. Louis’ website of award-winning free classroom resources for use by pre-K through college educators who teach economics, personal finance, money, banking and the Federal Reserve.
For the lesson, including a format for Google Classroom and an interactive whiteboard (SMART/Notebook or ActivInspire/flipchart) version please visit: https://www.stlouisfed.org/education/bunny-money.