DO The Math


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 $500 in the bank and only touch it for EMERGENCIES!
  • Take control and develop a SAVINGS PLAN for your first car.
  • Determine what you can 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

  1. Saving for emergencies-they’re going to happen!
  2. Save for big purchases like a car and college after you have an emergency fund.
  3. Save for the future by taking advantage of compound interest.


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?


  • 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?