Standard 5: Saving and Investing

PFL 5.1 Explain reasons for saving and investing (e.g., major purchases, education, and emergencies) as strategies used for meeting financial goals and building wealth over the short or long term.
PFL 5.2 Compare various strategies used to protect income and wealth.
A. Describe the costs and benefits of various savings options, such as bank savings accounts, certificates of deposit, and money market mutual funds.
B. Identify the risk, return, and liquidity aspects of various investment options, such as stocks, bonds, mutual funds, and precious metals, including how diversification can help manage risk.
C. Explain how various financial investments align with financial goals, risk tolerance, and personal needs at different life stages, including how inflation affects investment growth.
D. Compare simple and compound interest.
E. Explain and give examples of the power of compound interest over time, including why saving and investing at an earlier age leads to far greater financial outcomes later in life, on average.

Teaching Resources

Oklahoma State Department of Education: Making $en$e: Financial Success Curriculum | view now

  • Module 5.1: Getting Started
  • Module 5.2: The Rule of 72
  • Module 5.3: Saving and Investing Tools
  • Module 5.4: Time is Money

Lessons, Activities, Calculators and Video Resources: 

  •  Disneynomics Lesson– UP! | view now
  • A Penny Saved – econedlink.org | view now
  • The Benefits of Investing Early | view now
  • Take a Risk on Investor Island (Part I | view now
  • Take a Risk on Investor Island (Part II) | view now
  • Stock Prices Tumble | view now

Activities to Meet Standard 5: The Stock Market Game

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  • Teams of three to five students invest a hypothetical $100,000 in a portfolio
    of common stocks, bonds and mutual funds.
  • comprehensive curriculum materials, print and on-line for students of all
    ability levels, as well as hands-on support.