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Ages 7+ · Money · Saving and budgets
Spend or save?
Kai has 8coinsSpend 2 onice creamSave theother 6Wait 3weeksBuy thepuzzle
Kai at the fair.
The big ideaSpending and saving are both okay. A plan can do some of each.

How it works

Kai had 8 pretend coins at the fair. The ice cream cost 2 coins, and the rocket puzzle cost 12.

Spending is okay and saving is okay too. Kai did a bit of both.

8 − 2 = 6, so six coins went into a jar. Two coins came in every week, so after three weeks the jar held twelve.

There is no one right split. A good question to ask is: what do I want most?

Coins in Kai's jar0246810126Start8Week 110Week 212Week 3coins
The jar grows by 2 coins a week.
Spend soon• Ice cream that melts today• A card for a birthday tomorrow• Bubbles this afternoonSave for later• A big puzzle• A new bike for next summer• A telescope
When does it fit?

Example 1: Spend two coins

  1. Kai has 8 coins and spends 2 on ice cream.
  2. 8 − 2 = 6
  3. Six coins are left to save.

Example 2: Fill the jar

  1. The jar starts with 6 coins, and 2 come in every week.
  2. 6 + 2 = 8 after week 1
  3. 8 + 2 = 10 after week 2
  4. 10 + 2 = 12 after week 3
  5. Twelve coins is enough for the puzzle.

Example 3: Spend a different amount

  1. Kai has 8 coins. Spending 5 coins leaves 3.
  2. 8 − 5 = 3
  3. Spending 1 coin leaves 7, because 8 − 1 = 7.

Example 4: Another choice

  1. A friend might spend all 8 coins on bubbles.
  2. 8 − 8 = 0
  3. That leaves no coins for the puzzle, and it is still a choice.

Words to know

spend
Use coins to buy something now.
save
Keep coins for later.
choice
Picking one thing instead of another.
split
How coins are shared between spending and saving.

Watch out

Try it

  1. Kai has 8 coins and spends 3. How many are left?
  2. Ice cream that melts today: spend soon, or save for later?
  3. A trip planned for next year: spend soon, or save for later?
Answers: 1. 5 coins · 2. Spend soon · 3. Save for later
Try at homeWith a grown-up, talk about how they decide when to spend and when to save. There is no one right way.
For grown-upsTalk about how you decide when to spend and when to save. There is no one right way, and the aim is to notice that a plan can do some of each. The Mission asks your child to ask you about it.
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