CONTENT STATEMENT
- Saving a portion of income contributes to an individual’s financial well-being. Individuals can reduce spending to save more of their income.
CONTENT ELABORATION
Students need to understand that saving a portion of their income can help them meet short- and long-term goals. Saving money may include short term sacrifices or trade-offs. Saving occurs when spending is reduced. Short-term goals are typically less expensive than long-term goals.
EXPECTATIONS FOR LEARNING
Explain how individuals can save some of their money for later by reducing spending.