Savings.

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Presentation transcript:

Savings

Video 15 minutes

Saving Money the American Way It may be tough to save currently with very little income as a student but it is important to develop a habit of saving what you earn now. This simple habit can change your life. 25% of American families have no savings at all. 40% of Americans are not saving for retirement. 30% of Americans have more debt than savings.

Three Basic Reasons to Save Money Emergencies Purchases Wealth Building

Understanding Compound Interest Interest paid on interest previously earned. Understanding the Time Value of Money The story of Ben and Arthur https://m.youtube.com/watch?v=wf91rEGw88Q

(discuss America's poor saving rate compared to other countries) Activity Savings by Nation (discuss America's poor saving rate compared to other countries)