Group Talks specifically tailored to help Leaders steer the conversation.
Saving money is just plain smart. But that doesn’t make it easy. In this lesson, we’ll show you how to make it happen. You’ll learn how to set a goal and work toward it with everything that you’ve got. After all, once you do the math, it really is a no-brainer.
In Student Workbook
Review these blanks with students
- Put http://wolfdencreative.com/branding-consisntency-thumbnail/ $500 in the bank and only touch it for go here EMERGENCIES!
- Take control and develop a SAVINGS PLAN for your first car.
- Determine what you can buy generic viagra online uk next day delivery AFFORD and then select a school based on that.
- A millionaire’s best friend is COMPOUND INTEREST.
- One of the most reliable ways to invest is through MUTUAL FUNDS.
- Only invest AFTER you have an emergency fund and college is taken care of.
- If you invest $500 into a good mutual fund at age 15, you’ll have $200,000 at 65.
Something to Remember
- Saving for emergencies-they’re going to happen!
- Save for big purchases like a car and college after you have an emergency fund.
- Save for the future by taking advantage of compound interest.
DID YOU KNOW?
73% of teens believe it’s important to have enough emergency savings in case times get tough. -Charles Schwab
SOMETHING TO LEARN (Student Workbook)
JOSEPH’S STORY – Read the story of Joseph and his Egyptian “emergency fund” from Genesis 41:28-37. Use the passage to answer the questions below.
- What was the emergency that Joseph identified for the Egyptian people?
- What was Joseph’s solution to the emergency?
- What would have happened if Joseph had not created the “emergency fund” for the Egyptians ?
- What does Joseph’s example teach you about preparing for the financial emergencies in your life?
- Which phrase below best describes your current emergency fund?
SOMETHING TO TALK ABOUT (Student Workbook)
- How do you distinguish between the emergencies and non-emergencies in life?
- Why is it important to save for things like cares and college? What might tempt you to go into debt for those big items?
- How would you describe the power of compound interest? What does that inspire you to do?
- When is it okay to start investing? Why are mutual funds an effect way to save?