Saving and Investing Classroom Guide Objectives Students will be able to explain the difference between saving and investing. Students will be name some basic steps individuals can take to begin saving moony. Students will be able to explain the concept of "pay yourself first." Students will be able to state the best time for saving for retirement. Students will be able to explain why there is no "perfect time" to begin a savings plan. Students will be able to discuss the advantages of automatic payroll deductions.

Classroom Guide Web Resources NH Frameworks

Vocabulary 401K Pay Yourself First deficit spending pay check to paycheck payroll deduction disposable income home equity windfall liquid assets mutual funds risk tolerance financial advisor Before Viewing Have students generate a list of reasons to save and invest money. Discuss the reasons why people may not save money. Find out if any of the students currently have a savings plan. During Viewing Pause video at 5:24 when the Saving Statistic for Americans comes up. Ask students to list the steps they can take to begin saving money and what goal or goals they might be saving towards. After Viewing Have students try the " When Will You Be a Millionaire?" application at the Mint website.