Categorizing to Short & Long-Term Goals
(289 Students)
Activity Description
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.
Learning Objective
In this interactive drag-and-drop activity, students will categorize a given set of goals as either short-term or long-term.
Teacher Tips
Included with the activity, you can view the tips to clarify student's doubts or to evaluate answers (for a teacher scored worksheet).
Econ Ed -
Saving
Students will know that People save money for many different purposes, including large purchases such as cars and homes, education costs, retirement, and emergencies .. Students will use this knowledge to 8-1a . Identify the most common reasons that people save money for the future .
8-1b . Create a savings plan that will allow someone to make a large purchase in one year, 5 years, and 10 years .
Econ Ed -
Spending
Students will know that Creating a budget can help people make informed choices about spending, saving, and managing money in order to achieve financial goals .. Students will use this knowledge to 8-1a . Identify personal goals for spending and saving .
8-1b . Create a budget that includes expenses and savings out of a given amount of income .
8-1c . Explain why people with identical incomes make different choices for spending, saving, and managing money .
8-1d . Discuss the budgeting challenges faced by people living on minimum wage .
