Rainy Day Funds. Do Now What do you think saving for a rainy day means? 1. expression refers to creating an emergency fund to pay for unexpected expenses,

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Presentation transcript:

Rainy Day Funds

Do Now What do you think saving for a rainy day means? 1. expression refers to creating an emergency fund to pay for unexpected expenses, such as an illness or car repairs. What do we gain by being prepared for the unexpected? What would we do if we didn’t have an emergency fund and something actually happened? 1. Understand that having these fund will help with your sense of security for those emergency needs.

Bank It Work in Groups of 4 or 5 to complete the activity At the end each group will come up and present their findings. You have 30 minutes…Begin!

Reflection Which strategies they would consider using to save for a rainy day. Would you put your money in a CD, a 529 account or a savings account? Why? Class discussion!