1. What is ‘Saving’?
Saving means putting an amount of money aside regularly
(every week/month)
What things might a person save for?
1. ______________
2. ______________
3. ______________
4. ______________
Why is it a good idea for the family to save?
1. _________________________________________
2. _________________________________________
3. _________________________________________
4. _________________________________________
Methods of saving
1. Piggy Bank
2. Bank
3. Post Office
4. Building Society
Offers banking and other financial
services e.g. mortgage loans (money
borrowed to buy a home)
5. Credit Union
Owned and controlled by the
members. It offers services to its
members e.g. loans
Choosing one of these methods is usually based on …
• Interest rate
The percentage at which you are paid for saving your
money in a particular account
• Ease of withdrawal
How easy it is to take your money out of the account