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Lesson Plan

Econ Ed Link: A Penny Saved Is a Penny at 4.7% Earned

Curated by ACT

There are lots of ways to receive income, and lots of ways to spend it. In this EconomicsMinute you will develop two budgets to help you decide how to allocate your income. Assuming you do not love making dollar bill rings.

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Concepts
banking, income, opportunity cost, budgeting
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Additional Tags
budget, choice, council for economic education, decision making, econedlink, interest rate, savings, trade-off
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Classroom Considerations
  • Knovation Readability Score: 2 (1 low difficulty, 5 high difficulty)