Remember: A retirement jar is a locked jar for later, filled while a person works. Eight years of saving fed four years of living. Real accounts have their own rules, so ask a grown-up.
Read and answer
Read the story first, then answer.
Pia and her jarIn the hill town of Hollin, a potter named Pia loved making pots, but her hands grew tired, and one day she would want to stop. Retirement means living on what you saved, after you stop working. So Pia got a special jar with a coin slot and a lock that stayed shut until open day. Every year she dropped five coins through the slot, so in eight years the jar would hold forty coins. In year four a shiny bicycle cost twenty coins, and she could have forced the lock open, but opening it early would cost a fee of one coin in every four. Pia left the jar alone, because locks help people keep a promise to themselves. On open day, eight years later, the lock sprang open on forty coins. Pia now needed ten coins a year, so the forty coins made four years of living. In the story the jar adds nothing: only Pia puts coins in.
1
What does retirement mean in Pia's story?
Buying a bicycle earlyMaking pots fasterLiving on what you saved, after you stop working
2
Pia drops 5 coins a year through the slot. After 8 years the jar holds coins.
3
Pia takes 20 coins out early. The fee is 1 coin in every 4: one coin from each row. How many coins does she get?
Ten coinsFifteen coinsTwenty coins
4
In the story, the jar adds extra coins by itself each year.
TrueFalse
5
Join each word to what it means in the story.
1retirement
2lock
3fee
4open day
Awhat opening the jar early costs
Bkeeps the coins shut until open day
Cliving on what you saved after work stops
Dwhen the lock springs open
6
Pia needs ten coins a year. Forty coins feed years of living.
Think and fix
7
Pia saved for 8 years, and that fed 4 years of living. How many years of saving fed one year of living?
One yearFour yearsTwo years
8
Circle every one that belongs in the later jar.
Lunch for next weekPay for the years after the last potA treat todayCoins that stay locked until open dayA present for next month
9
Fix the mistake. Pia says: if I take 12 coins out early, I still get all 12 coins. Is Pia right?
YesNo
10
Why did Pia leave the locked jar alone?
Locks help people keep a promise to themselvesA lock makes the coins growThe fee was only one coin
11
Stretch: 8 years of saving fed 4 years of living, so 2 years of saving feed 1. To feed 5 years of living, Pia must save years.
12
Write one thing you would put in a soon jar and one thing for a later jar.
13
Draw Pia's jar with its coin slot and its lock.
Scan the code at the top to mark this sheet on screenTake a photo of your answers or type them. It is marked for you automatically, and your score is kept.
Answer key · Set A
A jar for later
1Living on what you saved, after you stop working Retirement means living on what you saved, after you stop working.
240 5 coins a year for 8 years: 5, 10, 15, 20, 25, 30, 35, 40.
3Fifteen coins There are 5 rows of 4, so the fee is 5 coins. 20 − 5 = 15 coins.
4False In the story the jar adds nothing. Only Pia puts coins in.
51-C, 2-B, 3-A, 4-D Retirement is living on savings, the lock keeps the jar shut, the fee is the price of opening early, and the lock opens on open day.
64 Forty coins in groups of ten make four groups, so four years.
7Two years 8 years of saving fed 4 years of living, so every 2 years of saving fed 1 year.
8Pay for the years after the last pot, Coins that stay locked until open day Years after work stops and coins locked until open day are far away. Lunch, a treat and next month's present are soon.
9No 12 is three groups of 4, so the fee is 3 coins. Pia gets 12 − 3 = 9 coins.
10Locks help people keep a promise to themselves A lock helps a person keep a promise to themselves. The jar adds nothing, and the fee was five coins, not one.
1110 Each year of living needs 2 years of saving, and 5 × 2 = 10 years.
12Your own words: a grown-up reads it.
Mark each answer, count the right ones and write the score on the sheet.