services.
Essential Understandings:
- People can choose to spend or save money.
- To save money, people give up spending now in order to buy goods and services in the future.
Essential Questions:
- What is saving?
- Why do people save money?
Essential Knowledge:
Terms to know:
- money: Paper bills and coins used to pay for goods and services
- savings: Money not spent now so it can be spent in the future
People save to buy something later when they have enough money.
Essential Skills:
- Make decisions based on information.