Advantages & Disadvantages of Savings
Presentation
•
Mathematics
•
4th - 5th Grade
•
Medium
+17
Standards-aligned
Silvia Mendez
Used 20+ times
FREE Resource
2 Slides • 13 Questions
1
Advantages & Disadvantages of Savings
2
Savings
People save money for all different reasons. They also save money in different ways.
You can keep your money at home or you can keep your money in a savings account at a bank.
If you keep your money in a bank, you will earn interest, or additional money, for allowing the bank to use your money.
3
Open Ended
Why would YOU save money in a savings account?
4
Multiple Choice
Sammie is saving her money to buy a new tablet computer. She has saved $100 so far. Sammie can either put the $100 into a savings account at her bank or keep it at home in a safe location. What are some advantages of saving her money at home?
Easy access to
your money
No interest
earned
Someone may
take it
5
Multiple Select
Sammie is saving her money to buy a new tablet computer. She has saved $100 so far. Sammie can either put the $100 into a savings account at her bank or keep it at home in a safe location. What are some advantages of saving her money in a savings account?
Earn interest
Not having easy
access to your money
Know where
your money is
6
Multiple Select
Sammie is saving her money to buy a new tablet computer. She has saved $100 so far. Sammie can either put the $100 into a savings account at her bank or keep it at home in a safe location. What are some disadvantages of saving her money at home?
Easy access to
your money
No interest
earned
Someone may
take it
7
Multiple Choice
Sammie is saving her money to buy a new tablet computer. She has saved $100 so far. Sammie can either put the $100 into a savings account at her bank or keep it at home in a safe location. What are some disadvantages of saving her money in a savings account?
Earn interest
Not having easy
access to your money
Know where
your money is
8
Multiple Choice
Natalie wants to buy a scooter for $100. Which bank has a better savings option?
Bank A - Put $10 a week of her allowance in a bank savings account. The interest is $3 for every $100 in the bank.
Bank B - Put $10 a week of her allowance in a bank savings account. The interest is $6 for every $100 in the bank.
9
Multiple Select
Which are variable expenses for dog owners?
toys
daily dog walking
training classes
treats
veterinary costs
10
Multiple Choice
Mary needs $120 to buy a new computer program. What is the
disadvantage of Mary saving her money at home?
She knows where her money is at
all times.
Someone may take the money
and spend it.
11
Open Ended
What are some future things that you might save for by using a savings account at a bank?
12
Multiple Choice
Which statement is true about saving money in a bank savings account?
You may lose money.
You may end up with more money than the amount you deposit.
You can never get your money out again.
You have to pay the bank to keep your money there.
13
Multiple Choice
Which is a disadvantage of saving your money in a secret hiding place?
You cannot always get to the money.
The money will not earn interest.
You will end up with more money than you saved.
You can save more money.
14
Multiple Choice
Ivan earned $300.00 doing lawn work. His expenses were $26.72. How much was his profit?
$273.28
$283.28
$263.28
15
Multiple Select
Which are fixed expenses for dog owners?
toys
daily dog walking
training classes
treats
veterinary costs
Advantages & Disadvantages of Savings
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