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Lesson 1: Why Saving Matters

About 30 minutes — Discussion-based lesson

What You Will Learn

This lesson covers:

Why saving matters: preparing for the unexpected

This section covers the key ideas about why saving matters: preparing for the unexpected. Discuss with your group or family and explore the concepts together.

What is an emergency fund and why you need one

This section covers the key ideas about what is an emergency fund and why you need one. Discuss with your group or family and explore the concepts together.

The difference between saving and hoarding

This section covers the key ideas about the difference between saving and hoarding. Discuss with your group or family and explore the concepts together.

Starting small: the power of consistency

This section covers the key ideas about starting small: the power of consistency. Discuss with your group or family and explore the concepts together.

Check Your Understanding

1. Why does saving matter?

Answer: Saving matters because unexpected expenses happen. Without savings, even a small surprise cost can create a crisis. Saving gives you security and options.

2. What is an emergency fund?

Answer: An emergency fund is money set aside for unexpected expenses — like a broken phone, a medical bill, or a car repair. It is a safety net.

3. What is the difference between saving and hoarding?

Answer: Saving is putting money aside with a purpose — for goals, emergencies, or future needs. Hoarding is keeping money out of fear or greed, with no plan to use it.

4. How can a 6th grader start saving?

Answer: Start small. Even saving $1 a week adds up to $52 in a year. The key is consistency — saving regularly, not just when you feel like it.

Key Takeaways

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Continue to Lesson 2: Goals: Short and Long

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