Savings - Interactive Activities Bundle

This bundle of 9 interactive worksheets on savings is designed to provide students with a comprehensive understanding of various aspects of saving money. Each worksheet is crafted to engage students through practical activities, quizzes, and real-world scenarios, ensuring a deep and lasting grasp of personal finance concepts. Here’s an overview of what each worksheet covers:

1. Simple Vs. Compound Interest: Power Of Compounding: The main goal of this worksheet is to help students understand the impact of compounding. Through a graphical method, they will learn the difference between simple and compound interest.
2. Recurring Monthly Deposits - Compounding Effect: Students will use an Interactive Worksheet to realize the effect of savings account duration on compound interest earned. They will explore how an extra small contribution can lead to a bigger interest due to compounding.
3. Your Savings Behavior: In this activity, students answer 7 questions to analyze their savings profile, receiving scores for Risk-Taker, Cautious, Disciplined, and Impulsive traits. With no right or wrong answers, the quiz aims to provide insights into students' saving behaviors, helping them understand their financial habits better.
4. How Banks Pay Interest On Your Savings?: Students are frequently puzzled by how banks manage to pay interest on the money they hold in deposits and, at the same time, generate profits. Through this worksheet, students will find that banks make a profit by lending money as loans.
5. Retirement - Start Saving Early: Students will explore the total interest that can be earned by launching saving endeavors at different ages with a goal of retiring at the age of 65.
6. Categorizing to Short & Long-term Goals: In this interactive drag-and-drop activity, students will categorize various goals as either short-term or long-term. By distinguishing between these types of goals, students will enhance their understanding of goal setting and time management, gaining practical skills for planning their financial futures.
7. Inflation: Calculating Effective Interest Rate: Students will understand that if they don't invest their money, the value of money will reduce over time due to inflation.
8. Risk-Reward Analysis in Investment: Students will choose any of the 5 investment schemes from a drop-down, find out the possible returns after 30 years, and the possible risk of losing all money by the end of 30 years.
9. Savings Options & Interest Rates: In this activity, students explore three common savings options—Savings Accounts, CDs, and Money Market Accounts. They will analyze interest rates from various banks and credit unions as of July 2023 and answer questions based on their findings. This exercise helps students understand different savings vehicles and make informed decisions.