1.        What does it mean to save money?

2.       Why might someone choose to save their money instead of spending it right away?

3.       What is the difference between needs and wants? How can understanding this help you save?

4.       Give two examples of goals you might save money for.

5.       What is a piggy bank or savings account used for?

6.      What could happen if you spend all your money as soon as you get it?

7.       How can making a budget help you reach your savings goals?

8.     What are some good habits that can help you become a better saver?

9.     How can comparing prices before buying something help you save money?

10.     Why is it important to set a savings goal before you start saving?

Saving money is a very good habit. Therefore, many people choose to save instead of spending their money immediately.

I believe the most important reason is that when people save money, they feel more secure. If something unexpected happens, they have enough money to meet their basic needs, like water, food, and clothes.

Another reason is that saving money is a great way to start setting goals in life. When we save money, we focus on reaching a specific amount we want to achieve.

There are many other reasons why someone prefers to save their money instead of spending it immediately, but in my opinion, the two I am referring to are the most important.

You skipped number 5 and 8..?

Needs are things you must have to live and stay safe and healthy.
Examples: food, water, shelter , basic clothing, healthcare and education.

Wants are things that are nice to have but not necessary for survival.
Examples: video games, brand-name shoes, eating out, the newest phone.

3. How understanding this helps you save money

   
   

   Better choices: When you know the difference, you spend money on needs first and avoid buying wants you don’t really need.

   1. Less impulse buying: You’re more likely to stop and think, “Do I need this, or do I just want it?”

   2. More savings: Money not spent on wants can be saved for goals like a bike, college, emergencies, or trips.

   3. Budgeting: It’s easier to make a budget when you clearly separate needs from wants.

   Example:
   If you have $20 and you need lunch (need) but want a new play station (want), choosing lunch first helps you avoid wasting money and teaches smart spending habits.

   
   

For example if your pocket money is 20 euros you can save the 10 euros and spend the other 10 euros for a need or a want.Thus you are always prepared and confindent.

Also, saving money is a good way to practice your patience and your self control. It makes you stronger and secure.

THIS IS THE POWER OF SAVING!!!!!

1. buy a new bicycle and

2.go on a journey abroad

problems,without borrowing from others.

So, if we spend all our money as soon as we get it, we will be in difficult conditions.For instance, we will not afford nor our needs or emergency situations (health problems,damages on our assets).

THIS IS THE IMPORTANCE OF SAVING MONEY!

It's good to save money because you might need it when it's an emergency. Also you can save money to buy something that you really wanted but couldn't afford. You can buy presents to your friends when it is their birthday and you can also save money money to go on vacation.

Let’s say you want to buy a shirt and you search one website. The price can seem really good when you look at it at first but another website may have the same shirt but let’s say with 20% off! That means you are spending money without thinking.

what could happen if you spend all your money as soon as you get it?

answer:

you shouldnt spend the money you just earned, only if its necessary, because if you do, you will not have anything to do when you actually need this money. For example, if your sink breaks, you will not be able to represent it. And, you will stay with a broken sink with water streaming everywhere on your bathroom/kitchen floor.

Saving money isn't important only in case of an emergency, it is also useful if you want to buy something you really like in the future. For example :

- buy a new pair of basketball shoes (a small goal) or

- plan a trip to America (a big goal).

After a year maybe you will have extra money. So if something happen or you want something ,you can buy it or you won't need to borrow money from the bank.

Wants are things we would like to have, but we can live without them like sweets, tablets, toys,expensive clothes or trips.Sometimes people feel like they need their wants, even thought they can live without them.This happens because we use them often or they make us happy .

To finish, needs are things we must have to live, like food and home. Wants are things that we like and engoy, but we can live without them.Knowing the difference helps us make good choices.

This year I've decided to save money to go on a holiday trip to Paris in summer with my friends. It has been my dream for many years because I want to go to Disneyland and meet Mickey and Mini. My goal is to save as much money as I can, in order to stay in a beautiful hotel and buy nice souvenirs from Paris for my family. So far I have saved 300 euros and I am still trying to achieve my goal.

Saving money is the best way to make your dreams come true!!

Someone might choose to save their money instead of spending it right away because:

1.If they spend they're money right away then they wont have money when they realy need it .

2.If they save their money they would be safe and happier because if they need money for something or something happens to them then they would have the money for it or at least most of the money for it.

(To save money it helps making goals , understanding our needs and wants , organizing our purchases...)

SO SAVE MONEY!!

For example my brother saves money for a video game and I save money for a journey to Japan

If you spend all your money as soon as you get it,problems can happen. You may not have money when you need it the most. You might feel sad or stressed because you cannot buy something important later. Spending all your money quickly can also make you regret your choices. That is why it is better to save some money and use it when you need it really!

Question 1

Saving money means that you keep some of the money you earn in a piggy bank or in a savings account to either buy something expensive or just collect it in case of a problem like a broken sink.Experts say that an ideal saving plan is to save 25% of your earnings for emergences.

Saving money means that, for example, my grandparents give me some money, I save them to carry out a big goal ( buy a bike...).

A piggy bank is a container traditionally shaped like a pig. It is used to save money mostly coins but sometimes bills. It is a safe way to protect your money as well. On the other hand a savings account is like a digital piggy bank on the phone. It is safer than a piggy bank because it only opens with a password that you pick. Both are very useful for saving money but i recommend you to choose a savings account over a piggy bank, because if a thief breaks into your house he can find your piggy bank and take all your money you never know what could happen.

SO IT'S IMPORTANT TO SAVE MONEY!!!