Savings Simulation
Purpose
The Savings Simulation is dedicated to providing middle school learners with the knowledge and skills they need to become informed consumers when selecting formal savings vehicles; thus encouraging them to begin saving as early as possible.
Solution
The course consists of four online modules that delve deeply into why one should save money and how to save money. Important topic areas include:
- Budgeting
- Emergency planning
- Saving
- Financial goals
- Savings accounts
- Opening an account
Throughout the modules, learners are introduced to different savings vehicles, use cases for each, and how using informal savings vehicles can help learners/consumers organize and accelerate their savings goals. One of the modules mainly focuses on a realistic simulation that models how to open a savings account. Offline materials extend the learning experience with discussion guides and hands-on activities.
Throughout the modules, learners are introduced to different savings vehicles, use cases for each, and how using informal savings vehicles can help learners/consumers organize and accelerate their savings goals.