Savings

Implementing a Savings Program

**Title of Resource:** Personal Finance Tips: Savings Account Tips 103.243 (2) The student employs management of individual and family resources to meet goals of family or individual across the life span. The student is expected to (D) collect evidence and data related to implementing a savings program, the time value of money, and retirement planning
 * Location of resource:** You tube
 * Creator of resource:** Patrick Monroe
 * Description of resource:** A financial Advisor speaks about importance of implementing asavings account program. He mentions the need to have six months worth of income on hand in a savings account for unforseeable circumstnces.
 * Applicable TEK(s)**


 * Resource type :** video, lesson
 * Intended use:** student resource
 * Resource attachment:**

media type="youtube" key="jeSePFEA8Z4" height="293" width="342" [|**http://www.youtube.com/watch?v=jeSePFEA8Z4**]

media type="youtube" key="iIgLyl66QxQ" height="270" width="401" []
 * Title of Resource:** Free Cars for life
 * Location of resource:** you tube
 * Creator of resource:** The Lampo Group Inc
 * Description of resource:** This video explains by proper saving and investing you can have free cars for the rest of your life. That is also with the availability to get a different car every 5 years. It claims that you should have your money work for you. Very interesting video and concept.
 * Applicable TEK(s)** 103.243 (2) The student employs management of individual and family resources to meet goals of family or individual across the life span. The student is expected to (D) collect evidence and data related to implementing a savings program, the time value of money, and retirement planning; (E) explore how to be a prudent investor in the stock market and other investment options.
 * Resource type :** video
 * Intended use:** class activity
 * Resource attachment:**


 * Title of Resource:**Saving Money in Plain English
 * Location of resource:** you tube
 * Creator of resource:** Common Craft, Lee Lefever
 * Description of resource:** This is a very simple explanation of money and compound interest. In some respects it is a super low level video but it does explain the concept of savings and compunding well to those individuals who may be clueless without hard to understand vocabulary.
 * Applicable TEK(s):** 103.243 (2) The student employs management of individual and family resources to meet goals of family or individual across the life span. The student is expected to (D) collect evidence and data related to implementing a savings program, the time value of money, and retirement planning.
 * Resource type :** video
 * Intended use:** class activity, teacher information resource, and student resource
 * Resource attachment:**

media type="youtube" key="KqDsevMW7Ds" height="293" width="478"

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**Title of Resource:** Thrifty Families and Money Saving Tips
 * Location of resource:** About.com
 * Creator of resource:** Elizabeth Fry
 * Description of resource:** This is a recap of one of the Oprah Shows. It gives tips and advice of guest families that were shared on the show dealing with money saving tips.
 * Applicable TEK(s)** 103.243 (2) The student employs management of individual and family resources to meet goals of family or individual across the life span. The student is expected to (D) collect evidence and data related to implementing a savings program, the time value of money, and retirement planning
 * Resource type :** web page, show recap
 * Intended use:** teacher information resource
 * Resource attachment:** [|**http://oprah.about.com/od/oprahshowrecaps/p/thriftyfamilies.htm**]


 * Title of Resource:** The Time Value of Money
 * Location of resource:** kiplinger.com
 * Creator of resource:** Kevin McCormally
 * Description of resource:** This video is about the time value of money. It talks about the rule of 72 and shows how to use it to find an approximation of when your money will double. It also tells of how to approximate what inflation will be.
 * Applicable TEK(s):** 103.243 (2) The student employs management of individual and family resources to meet goals of family or individual across the life span. The student is expected to (D) collect evidence and data related to implementing a savings program, the time value of money, and retirement planning.
 * Resource type :** video
 * Intended use:** class activity, teacher information resource
 * Resource attachment:**

media type="custom" key="5047123"

Creator of resource** Wayne Parker Applicable TEK(s)** (2) The student employs management of individual and family resources to meet goals of family or individual across the life span. The student is expected to (D) collect evidence and data related to implementing a savings program, the time value of money, and retirement planning Intended use: teacher information resource, student resource Resource attachment:http://fatherhood.about.com/cs/myteensdad/a/teen_money.htm**
 * Title of Resource**Teaching Your Teens to Manage Money
 * Location of resource ABout.com
 * Description of resource It gives step by steps on how a teenager needs to be taught to handle money. Its gives different links to help better understand the process how to manage their money.
 * Resource type : web page

Location of resource Money Instructor .com Creator of resource same Description of resource It gives the students how to start a saving plans. Its also contains worksheets. Applicable TEK(s)** 103.243 (2) The student employs management of individual and family resources to meet goals of family or individual across the life span. The student is expected to (D) collect evidence and data related to implementing a savings program, the time value of money, and retirement planning  **Resource type : lesson plan Intended use: class activity, teacher information resource Resource attachment:** [|**http://www.moneyinstructor.com/lesson/savemoney.asp**]
 * Title of Resource Saving Money

Location of resource EconedLink Creator of resource Same Description of resource It teaches the student if there are to save money and how much they would earn. There are worksheets were the students will be able to work on. Applicable TEK(s)** 103.243 (2) The student employs management of individual and family resources to meet goals of family or individual across the life span. The student is expected to (D) collect evidence and data related to implementing a savings program, the time value of money, and retirement planning  **Resource type : lesson plan Intended use: class activity, teacher information resource Resource attachment:http://www.econedlink.org/lessons/index.php?lesson=EM157**
 * Title of Resource A Penny Saved is a Penny at 4.7% Earned

Location of resource Creator of resource Marketeach Description of resource It give students information they need in order to invest their new found money. It also explaines vocabulary that they will need to know before they invest. It also contains a worksheet. Applicable TEK(s)** 103.243 (2) The student employs management of individual and family resources to meet goals of family or individual across the life span. The student is expected to (D) collect evidence and data related to implementing a savings program, the time value of money, and retirement planning Intended use: class activity, teacher information Resource attachment:http://www.theteacherscorner.net/pdf/marketeachlesson1.pdf**
 * Title of Resource The teachers corner
 * Resource type : lesson plan, etc

Location of resource** University of Illinois Extension’s Consumer and Family
 * Title of ResourceTake Time to Save Now
 * Economics**


 * Creator of resource** University of Illinois Extension’s Consumer and Family
 * Economics**

dream about their goals and then to develop a financial plan to help achieve that goal. It also contains a worksheet. Intended use: class activity, teacher information resource, Resource attachment:** []
 * Description of resource** is designed to help students
 * dream about their goals and then to develop a financial plan to help achieve that goal**
 * Applicable TEK(s)** 103.243 (2) The student employs management of individual and family resources to meet goals of family or individual across the life span. The student is expected to (D) collect evidence and data related to implementing a savings program, the time value of money, and retirement planning
 * Resource type : lesson plan