1. Saving and Investing
Vault Lesson 6

2. Savings Savings Money set aside for short- or long-term goals
When you save money you are
putting money aside to reach your goals
prepared in case of an emergency

3. Savings Account Savings Account
An account that gains interest and allows withdrawals
When selecting a savings account look for one with a high interest rate.

4. Savings Account Advantages
Savings accounts might earn interest on your savings.
You can take money out of savings anytime you want.

5. Certificate of Deposit
A savings certificate that gains interest and has a set time before you can withdrawal your money

6. Savings Account vs. Certificate of Deposit
gains interest and you can withdrawal your money anytime you want
Certificate of Deposit
gains interest but you must leave your money in for a set time before you can withdrawal it

7. Interest
Interest
Amount of money the borrower pays for the use of a lender’s money

8. Budget Budget A spending and savings plan
Advantages of having a budget
Having a budget is the best way to make the most out of your money
Creating a budget helps you manage your money

9. Advantages of Having a Budget
Having a budget is the best way to make the most out of your money
Creating a budget helps you manage your money
Budgets can be used to help you achieve BOTH long-term and short-term goals.

10. Expense
Expense
The cost of goods and services

11. Ways Kids Can Cut Expenses
Watching movies at home rather than going to the movie theatre
Hanging out with friends rather than going shopping
Eating at home rather than going to a restaurant

12. Investing
Investing
When you purchase a security like a stock or bond in the hopes that over time it will make money

13. Other Ways to Invest Money
Mutual Fund
A way to invest your money in a few investment types at once
Stocks
An investment in a company that can build your wealth

14.
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Complete Lesson 6: Saving and Investing
You might want to review this PowerPoint before you take the 10 question post assessment for this lesson.