1. Saving
+ Mr. Luttrell 

2. Why should I save money? 3 Reasons to Save
Savings is the portion of income not spent on current expenditures. Because a person does not know what will happen in the future, money should be saved to pay for unexpected events or emergencies. An individual’s car may breakdown, their dishwasher could begin to leak, or a medical emergency could occur. Without savings, unexpected events can become large financial burdens. Therefore, savings helps an individual or family become financially secure.
Money can also be saved to purchase expensive items that are too costly to buy with monthly income. Buying a new camera, purchasing an automobile, or paying for a vacation can all be accomplished by saving a portion of income. FEFE
For emergencies (emergency fund)
For later purchases (sinking fund)
To grow wealth (investing)

3. Ways to Save Payroll deductions Extra change in jar
Windfalls into savings account
Save wage increases
Determine needs and wants
Pay Yourself First
Pay bills on time
Avoid check-cashing stores

4. EMERGENCY FUND
How much should you have for emergencies?

5. SINKING FUND How to save to make a purchase…
1. Identify how much the item you want costs.
2. How much do you already have?
3. How much more do you need?
$200
6. Make the purchase!
4. How long will it take to save up to purchase the item?
5. Save your money in a savings account. Try to earn extra to shorten the time it takes.

6. Government Regulations That Protect Savings
FDIC – Federal Deposit Insurance Corporation
Insures each account in a federally chartered bank up to $250,000 per account.
NCUA – National Credit Union Administration
Insures each account in a federal credit union up to $250,000 per account.

7. Assessment
Create a bumper sticker encouraging your peers to save.