Kennebunk Savings U Lessons

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Teach Children to Save: Grades K - 8

The following lessons from the ABAEF’s Teach Children to Save are designed to bring financial concepts to children ranging in age from kindergarten through eighth grade. Exercises and activities are geared to introduce financial subjects related to saving, safety and security of money and making financial decisions.

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Grades K - 2

  • How Safe? (Safety/Security) 30 min.

    Students learn some places are safer to keep money than others. They listen to a story about a boy who puts his money in silly places, only to find later that it is missing. Students arrange places to keep money in order from least safe to safest.

    Objectives Students will be able to:

    • Identify safe and unsafe places to keep money.
    • Explain why a bank is a safe place to keep money.

  • Living Green, Saving Green (Environment) 30 min.

    Students learn how living "green" can save "green." Students choose between options that are environmentally friendly and ones that are not. In each case, the environmentally friendly choice also saves money. Each time a money-saving choice is selected, coins are added to a reusable water bottle to show how the collective savings adds up.

    Objectives Students will be able to:

    • Evaluate spending choices.
    • Identify money-saving choices.
    • Explain how making spending choices can impact the environment.
    • Identify the opportunity cost of a decision.

  • Dollars and Cents Sense (Basics of Banking) 30 min.

    Students learn that the number and size of coins/dollars is not the same as their value. Students listen to a poem, identify decisions made with money, and explain why the decisions were good or bad.

    Objectives Students will be able to:

    • Identify coins and their values.
    • Compare and contrast values of coins.

  • Kids as Coins Basics of Banking 30 min.

    Students will play the role of coins and will be combined to purchase items at a school store. Students learn the characteristics of pennies, nickels, dimes, and quarters and will perform basic calculations.

    Objectives Students will be able to:

    • Recognize a penny, a nickel, a dime, a quarter, and a half dollar.
    • Identify the value of a: penny, nickel, dime, quarter, and half dollar.
    • Combine coins to total a specific amount. (Note: Second grade only, in most cases.)

Grades 3 - 5

  • A Tale of Two Brothers (Spending vs. Saving) 30 min.

    Students listen to a story about twin brothers. One is a spender and the other is a saver. The brothers have the same savings goal, but at the end of the story only one reaches it. After listening to the story, students calculating how much each twin earned, saved, and spent.

    Objectives Students will be able to:

    • Recognize the importance of tracking money earned and money spent.
    • Explain delayed gratification.

  • Decision Tree (Decision Making) 30 min.

    Students decide which financial decisions are good and which are bad. Students pick cards from a branch and read them aloud to the class. The class votes on whether the decision is a good one or a poor one.

    Objectives Students will be able to:

    • Identify alternatives in a decision.
    • Explain how decisions can affect how much money one has.

  • Secret Agent Savings (Saving) 30 min.

    Students learn one way to save their money is to protect it and the information needed to access it. Students play the role of secret agents while listening to a story and identify savings mistakes made by the main characters.

    Objectives Students will be able to:

    • Identify information that is considered personal and private.
    • Explain what might happen if someone’s identity is stolen.
    • Identify ways to protect personal information.

  • Where’s the Money? (Basics of Banking) 30 min.

    Students learn how checks and debit cards represent real money and the process of how money goes from being earned in a paycheck, to a: bank, debit card, check, and finally to a cafeteria lunch account.

    Objectives Students will be able to:

    • Identify the flow of money from employer to employee and from consumer to business.
    • Explain how money is visible as cash and coins and invisible as direct deposits, checks, and electronic fund transfers.

Grades 6 - 8

  • Make a Wish, Get Your Goal (Goal Setting) 35 min.

    Students learn the importance of setting goals and the difference between general and specific goals while they practice making goals more specific. Through the lesson, students learn that specific goals are more likely to be achieved than general ones.

    Objectives Students will be able to:

    • Differentiate between imprecise and specific goals.
    • Explain what makes a goal specific.

  • Saving for a Sunny Day (Saving) 40 min.

    Students work in groups to read and discuss a series of teen choices. The group will come to a consensus and record the financial outcome of each choice. In the end, they will evaluate if they have enough money remaining to participate in an unexpected outing.

    Objectives Students will be able to:

    • Formulate a group choice when presented with a series of dilemmas with a financial component.
    • Critique the advantages and disadvantages of a particular choice in a given situation.
    • Determine the benefits of saving money for unexpected problems and opportunities.

  • Energy Detectives (Environment) 45 min.

    Students learn how money can be saved while also protecting the environment. Students begin by finding classmates that practice certain energy-consuming or energy-conserving behaviors and discuss why these practices are either good or bad. The cost to use common electronic devices will be calculated.

    Objectives Students will be able to:

    • Identify actions that save money and conserve energy.
    • Calculate the cost of energy consumption.

  • Double or Nothing (Basics of Banking) 35 min.

    Students learn the difference between simple and compound interest and will be able to recognize realistic rates of return.

    Objectives Students will be able to:

    • Explain the differences between simple and compound interest.
    • Distinguish between realistic and unrealistic rates of return on investment.
    • Explain how the Rule of 72 is used to calculate the speed at which money grows.

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