1. Identify something you want to save for (by the end of grade 12)
I’m going to save up for a car.

2. How much does it cost?
$2,000

3. Create a savings plan to reach your goal?
I’m going to save 10% of the money I make each month. Because the amounts I make right now vary, the amount I save will depend on how much I made that month.

4. How will you ‘save’ your money? In a bank account? If so, what kind of account? How much interest does it pay?
I will, and already do, save my money in a savings bank account. My bank pays me interest on the money that is in the account. That account doesn’t get used except for borrowers by the bank. They pay me interest because they’re using my money which the borrower will pay interest on as well.