Florida SS.4.FL.3.3
The Standard
Identify ways that people can choose to save money in many places—for example, at home in a piggy bank or at a commercial bank, credit union, or savings and loan.
Florida Next Generation Sunshine State Standards for Social Studies
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students name several places where money can be kept for later use. They distinguish saving cash at home from depositing money in a financial institution.
What Mastery Looks Like
- A student can identify a piggy bank, commercial bank, credit union, and savings and loan as possible saving places. The student can give a simple example of using each one.
Common Misconceptions
- Students may think money is only saved in a piggy bank or that saving means spending less. They may also think banks and credit unions are stores where people buy money.
How to Assess It
- Give students this exit ticket: "Name three places Maya could save $20. Circle one choice and explain how she would put the money there."
Lesson moves
Ways to Teach It
Set up a cash box and mock account ledger; students deposit play money into each and record where the savings are kept.
Ask, "Would you keep $10 at home or in an account, and why?" Students write two reasons and compare answers.
Play Savings Choice: students draw an amount card, choose a workable saving place, and earn a point for a clear explanation.
Send home a short survey asking which saving places family members use, then graph the anonymous class results.
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Printable SS.4.FL.3.3 Worksheet
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Related Standards
- SS.4.FL.3.1
Identify ways that income is saved, spent on goods and services, or used to pay taxes.
- SS.4.FL.5.1
Explain that after people have saved some of their income, they must decide how to invest their savings so that it can grow over time.
- SS.8.FL.3.7
Discuss the different reasons that people save money, including large purchases (such as higher education, autos, and homes), retirement, and unexpected events....
- SS.8.FL.3
Identify and compare the different means and risks of saving and investing money, including the impact of inflation and interest rates.
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