Remember: Pay yourself first: move a share into savings the moment pay arrives.
Read and answer
Read the story first, then answer.
Mina's jarEvery Saturday Mina helped out at Nico's flower shop, and he paid her ten coins. She wanted a bell and a light for her bike, twelve coins in all. Leo earned ten coins too, but he spent first and saved what was left. Treats were fun, but by the week's end there was nothing left to save. Mina tried a new way. She put two coins in her jar as her pay arrived. This is called paying yourself first, because saving goes before any spending. On Saturday one, two coins went in the jar and eight were for spending. Saturday after Saturday the jar grew by two coins. Mina still spent eight coins every week, because treats are okay, and two out of ten is a small share, so she hardly missed it. By Saturday six the jar held twelve, and the bell and light were hers! Leo had fun too, but his jar had no coins, because saving came last. A share that moves first becomes a habit, so nothing needs deciding each week.
1
Mina puts 2 coins in her jar the moment her pay arrives, before spending. What is this called?
Saving what is left at the endPaying yourself firstPaying a friend first
2
Mina is paid 10 coins and moves 2 into her jar. She can spend coins.
3
The jar grows by 2 coins every Saturday. After 6 Saturdays it holds coins.
4
What does Mina want to buy?
A bell and a light for her bikeA kite for DadA cart for a market
5
Leo's jar had no coins because he saved last.
TrueFalse
6
Mina gave up all her treats to fill her jar.
TrueFalse
Order, match and fix
7
Put Mina's Saturday in order.
Two coins go into the jar
Mina spends the other eight
Nico pays Mina ten coins
Week by week, the jar grows
8
Join each to what happens.
1Mina
2Leo
3Two out of ten
4The jar after 6 Saturdays
Asaves 2 coins first
Bspends first and saves what is left
Ca small share
D12 coins
9
Mina needs 12 coins. After 4 Saturdays the jar holds 8, so she still needs more.
10
Leo earns 10 coins too. Why does he have nothing in his jar?
He earned less than MinaSaving is not allowedHe spent first, so nothing was left to save
11
Leo says: I save what is left, and that is paying myself first. Fix the mistake. What is it really?
Saving last: paying yourself first moves the share before any spendingIt is paying yourself firstNot saving at all
12
Stretch: if Mina moved 3 coins first instead of 2, she would have coins to spend each Saturday.
13
Draw Mina's jar after 6 Saturdays and write how many coins are inside.
14
A share that moves first becomes a habit. With a grown-up, write what small share could feel easy to move.
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Answer key · Set A
Pay yourself first
1Paying yourself first Saving a share before any spending is paying yourself first.
28 10 take away 2 leaves 8.
312 2 × 6 = 12. Look at the table: it grows by 2 each time.
4A bell and a light for her bike She wants a bell and a light for her bike, 12 coins in all.
5True Leo spent first and saved what was left, and by the end of the week nothing was left.
6False Mina still spent 8 coins every week, because treats are okay.
72, 3, 1, 4 The pay arrives, the share moves first, the rest is spent, and the jar grows.
81-A, 2-B, 3-C, 4-D Mina moves her share first. Leo saves last. Two out of ten is a small share, and six times two is twelve.
94 12 take away 8 leaves 4 more coins.
10He spent first, so nothing was left to save Saving came last for Leo, so there was nothing left. Mina saved first.
11Saving last: paying yourself first moves the share before any spending Saving what is left is saving last. Paying yourself first moves the share the moment pay arrives.
127 10 take away 3 leaves 7 coins to spend.
14Your own words: a grown-up reads it.
Mark each answer, count the right ones and write the score on the sheet.