Your Savings Behavior

(214 Students)

Price per Classroom

FREE

Topics

Saving

Duration

10 Minutes

Auto-Graded?

Yes

Activity Description

In this engaging activity, students will embark on a journey to understand their personal savings profile by answering a series of 7 thoughtfully crafted questions. Each question is designed to delve into their saving habits and behaviors, providing valuable insights without any judgment of right or wrong answers. Upon completion, students will receive a score reflecting their tendencies toward four key personality traits: Risk-Taker, Cautious, Disciplined, and Impulsive.

The primary objective of this activity is to help students gain a deeper understanding of their saving behaviors. By identifying which traits dominate their financial decisions, students can become more aware of their strengths and areas for improvement. This self-awareness is crucial for developing effective saving strategies tailored to their unique personalities.

Teachers will find this activity to be an excellent tool for sparking discussions about personal finance, encouraging students to reflect on their financial habits, and guiding them toward making more informed decisions. The activity not only promotes self-discovery but also fosters a classroom environment where students feel comfortable exploring and discussing their financial behaviors.

Learning Objective

The objective of this worksheet is to help students understand how their personality traits influence their saving behavior and ability to stick to a savings plan. By taking a personality quiz and analyzing the results, students will gain insights into their financial habits and identify both strengths and areas for improvement. This exercise aims to enhance self-awareness, encourage reflection on personal financial behaviors, and develop strategies for more effective saving, ultimately fostering better financial planning and decision-making skills.

Here is a sample filled worksheet -

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).

Saving 8-2

Econ Ed -

Saving

Students will know that Savings decisions depend on individual preferences and circumstances, and can impact personal satisfaction and financial well-being .. Students will use this knowledge to 8-2a . Compare personal attitudes toward saving to those of a friend or relative . 8-2b . Explain how a person’s personality type might affect their willingness to save or to stick to a savings plan . 8-2c . Identify life situations that can make it difficult for a person to save or to stick to a savings plan . 8-2d . Discuss how savings decisions can affect financial well- being .

Saving 8-1

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 .