Lesson 2 of 5
Saving and spending
4 min read
There are two things you can do with money: spend it or save it. Spending means using your money now to buy something today. Saving means keeping your money safe to use later, for something bigger or more special.
Imagine you get some pocket money. You could spend it all right away on a small treat — that's fun! Or you could put some in a piggy bank and let it grow, until one day you have enough for something really special, like a big toy you've been wishing for. Both are okay, but saving helps you get the bigger things.
A piggy bank (or a savings jar) is a brilliant place to keep money you're saving. Every time you add a coin, your savings grow a little bigger. Watching them grow is exciting — and when you finally have enough for your goal, it feels wonderful, because you waited and saved for it yourself.
Key terms
- Spend
- To use your money to buy something now.
- Save
- To keep your money safe to use later for something bigger.
- Piggy bank
- A special place to keep the money you are saving.
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