Paying Yourself First

Your students will discover the benefits of saving money and collecting interest. During class activities, they will

  • Calculate earnings from interest (math)
  • Present a case for opening a savings account (English language arts)
  • Discuss banking during the Great Depression and today (social studies)

For Educators

Delayed Gratification and Interest

Watch this video to see the power of compound interest and methods for encouraging your students to save.

Companion Video for Students

How Can You Get the Most from Your Money?

Use this video to present an explanation of compound interest - what it is and how it works.

Classroom Activities

Classroom Activity
Math

Calculating Future Value

Middle School
1 to 2 Class Sessions

Guide your students in an investigation into interest rates paid by several financial institutions and calculate the future value of a hypothetical account.

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Classroom Activity
English Language Arts

Finding the Best Bank

Middle School
1 to 2 Class Sessions

Instruct your students to write a persuasive speech to convince peers to save money with their bank by highlighting interest rates and how much money can be earned over different time lengths.

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Classroom Activity
Social Studies

The Great Depression

Middle School
1 to 2 Class Sessions

Create a human timeline of the Great Depression and other significant economic events. Students will discuss how banking has changed since the Great Depression.

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