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GRADES K 2 Student Workbook SAVING WITH PENNY THE OWL Course Concepts saving coin recognition needs vs wants addition subtraction earning money

ER SA GR M EE PL N E 3 C This book belongs to TABLE OF CONTENTS Meet Penny 3 Penny Learns About Credit Unions 4 Why Save at a Credit Union Penny Goes to the Credit Union 6 Opening a Savings Account Identifying Coins Setting Goals Penny Learns About Goods and Services 15 Goods vs Services EV Earning Money Penny Learns About Needs and Wants 21 Needs vs Wants Decision Making Penny Earns and Saves Money 26 How to Earn and Save Money CU Practice Additional Activities 30 Glossary 38 2 Copyright 2022 Reseda Group LLC Ever Green 3C LLC Licensee

MEET PENNY AND MOOLAH EV ER SA GR M EE PL N E 3 C The Ever Green 3C Forest is full of friendly helpers Look there s Penny the Owl and Moolah the Moose They re here to help you learn about the importance of saving money 3

PENNY LEARNS ABOUT CREDIT UNIONS EV ER SA GR M EE PL N E 3 C Penny has money1 saved in her piggy bank at home but she heard saving money in an account at the Credit Union2 is better 4

ER SA GR M EE PL N E 3 C PENNY LEARNS ABOUT CREDIT UNIONS EV There are many reasons why saving your money at a credit union is better than keeping it at home For example 1 Credit unions work really hard to keep your money safe so that it is there when you need or want it 2 On certain days each month the Credit Union will give you extra money if you decide you want to save money That extra money is known as interest3 5

PENNY GOES TO THE CREDIT UNION EV ER SA GR M EE PL N E 3 C Directions Help Penny find her way to the Credit Union by following the trail of money Avoid the hidden fees4 6

PENNY GOES TO THE CREDIT UNION EV ER SA GR M EE PL N E 3 C Awesome You helped Penny find her way to the Credit Union Way to go Let s follow your friend inside and help her open an account5 at the Credit Union 7

ER SA GR M EE PL N E 3 C PENNY OPENS A SAVINGS ACCOUNT Hi I m Molly Money Welcome to the Credit Union what can I help you with today EV I want to start saving my money at the Credit Union can you help me open an account 8

PENNY OPENS A SAVINGS ACCOUNT ER SA GR M EE PL N E 3 C Molly Money said that everyone who opens an account has a special account number assigned to them Each person s account number is six or seven digits and is unique to them which means that no two people that save money at the Credit Union have the same combination of numbers Membership Applicatio Name Penny the Owl 762 Main Street Flower State MI Address City 56733 Checking EV Savings ZIP code Penny s account number Directions Create an account number for Penny 9

5 1 Dime 25 10 Look at all these coins You have a lot of pennies nickels dimes and quarters EV Quar ter ER SA GR M EE PL N E 3 C Penn y Nicke l IDENTIFYING COINS Now that Penny s savings account has been opened it s time for her to count the money in her piggy bank and put it into her brand new savings account Penny empties her piggy bank onto the desk and Molly Money helps her count how much money she has brought with her from home 10

IDENTIFYING COINS EV ER SA GR M EE PL N E 3 C 1 Directions Use markers colored pencils or crayons to identify Penny s coins Color all the pennies using red color all the nickels using purple color all the dimes using green and color all the quarters using yellow Write the coin value below each coin The first one is done for you 11

PENNY MAKES A DEPOSIT ER SA GR M EE PL N E 3 C Wow look at all this money you ve saved Molly Money exclaims Here is your receipt Every time you make a deposit6 or withdrawal7 at the Credit Union you ll get a receipt showing how much you put in or took out of your account Quarter 25 x 2 50 Dime 10 x 3 30 Nickel 5 x 3 15 Penny 1 x 5 5 EV Savings balance total Directions Help Penny add up her coin totals together to figure out how much she has in her savings account 12

PENNY SETS A SAVINGS GOAL ER SA GR M EE PL N E 3 C Molly Money explains that a savings goal is a helpful tool to save money Creating a savings goal gives smart savers something exciting to look forward to With Penny s beginning deposit of 1 Molly Money helps her figure out that she needs to save 19 more dollars to reach her savings goal and buy her football EV Do you have a savings goal or something special that you re saving up for I want to save up enough money to buy a new football that costs 20 13

WHAT WOULD YOU SAVE FOR Directions Draw a picture of something you d like to save money to buy Bonus With the help of an adult look up how much this item costs EV ER SA GR M EE PL N E 3 C I m saving up for It costs __________________ 14

EV ER SA GR M EE PL N E 3 C PENNY LEARNS ABOUT GOODS SERVICES As Penny is leaving the Credit Union she starts to think about how she can earn more money to reach her savings goal She knows that she s seen friends and family members earn money by selling goods8 and providing services9 in exchange for money She starts thinking about what goods she could sell or what services she could provide to friends family members or neighbors 15

EV ER SA GR M EE PL N E 3 C WHAT IS A GOOD A good is something that is bought or sold that you can physically touch with your hands Penny thinks about what goods she could sell to earn money She realizes that she has everything she needs for a lemonade stand so with her parents permission she sells lemonade to neighbors for 1 per glass 16

EV ER SA GR M EE PL N E 3 C WHAT IS A SERVICE A service is when someone does something for another person in exchange for money Penny brainstorms services that she could do to earn money She realizes that she is good at mowing her lawn so with her parents permission she asks her neighbor if they need their lawn mowed for 10 17

GOOD OR SERVICE ER SA GR M EE PL N E 3 C Directions Look at each picture and determine if it is a good or a service Remember a good is something that is sold that you can touch with your hands A service is something that one person does for another Bread Good Service Cell phone Good Service Babysitting Good Service Car Good Service Shoveling snow off a driveway Good Service EV Haircut Good Service 18

EV ER SA GR M EE PL N E 3 C HOW MUCH DID PENNY EARN Penny mowed one lawn and sold nine glasses of lemonade to her neighbors Fill out the addition equation below to find out how much money Penny earned 19

DOES PENNY HAVE ENOUGH FOR HER FOOTBALL ER SA GR M EE PL N E 3 C 3 44 PM MOBILE APP SAVINGS ACCOUNT 1 00 CHECKING ACCOUNT 0 00 EV Statements Transfer 19 1 earned in savings Deposit TOTAL After adding the 19 she earned from selling lemonade and mowing lawns to the 1 she already has in her savings account Penny realizes she has 20 That is enough money to buy the 20 football She is excited to go to the mall and pick one out next weekend 20

ER SA GR M EE PL N E 3 C PENNY LEARNS ABOUT NEEDS VS WANTS 10 EV 20 The next day at school Penny notices her lunch account is low for the week and she needs 10 to reload it She currently has 20 which is the amount she would need to buy the football Penny is 10 short and can t afford both things right now so she has to decide which one is more important 21

NEEDS VS WANTS After thinking about her options Penny decides that the money for her lunch account is a need10 since it will allow her to stay full and focused on learning while she is at school and the football is a want11 EV ER SA GR M EE PL N E 3 C Directions Color the lunch tray so Penny is full and ready to learn 22

NEEDS VS WANTS ER SA GR M EE PL N E 3 C Directions Decide if each item is a need or a want Write your answer on the line next to the picture The first one is done for you EV want 23

DECISION MAKING After Penny spends 10 to load her school lunch account she is left with 10 and she needs to earn 10 more to buy a 20 football What should Penny do ER SA GR M EE PL N E 3 C Goal price 20 00 Buy 1 football Saved Piggy Bank Credit Union 1 00 Earned Sold 9 glasses of lemonade EV Mowed 1 lawn 9 00 10 00 Total 20 00 Spent 3 44 PM Reloaded lunch account MOBILE APP 10 00 UNT SAVINGSACCO UNT CHECKINGACCO 0 00 Statements 24 Transfer Deposit Penny has 10 left in her savings account

DECISION MAKING ER SA GR M EE PL N E 3 C She decides that she needs to work more Penny does the math and figures out that she needs to sell at least ten more glasses of lemonade or mow one more lawn to reach her savings goal and buy the new football So with her parents permission she sets up a lemonade stand and asks her neighbors if any of them need their lawns mowed Hi Penny EV Hi Moolah Let me know if you would like your lawn mowed I m saving money for a football oL i 25

EARNING SAVING MONEY EV ER SA GR M EE PL N E 3 C Penny makes 25 by selling five glasses of lemonade and mowing two lawns After she adds that to the money she already has saved in her credit union account she is able to buy the new football Penny decides to save the remaining money in her credit union account for future needs or wants 26 25 10 35 20 TOTAL TOTAL

ER SA GR M EE PL N E 3 C EARNING SAVING MONEY Available Checking 8 00 Future Things Savings 7 00 total 15 00 EV Balance Once back at the Credit Union Penny decides that she ll commit 7 to saving for future things and allow the remaining 8 to be available for spending in case she really wants to buy something 27

EARNING SAVING MONEY EV ER SA GR M EE PL N E 3 C Penny likes having money of her own and being able to buy the things she really wants so she decides to continue selling lemonade and mowing lawns in the summer 28

EARNING SAVING MONEY EV ER SA GR M EE PL N E 3 C and shoveling snow from her neighbors driveways in the winter for extra money 29

CU PRACTICE ACTIVITIES ER SA GR M EE PL N E 3 C Directions You have the following bills and coins in your pocket Circle the items you can buy below EV Total 1 Book 7 30 Soccer Ball 5 40

CU PRACTICE ACTIVITIES ER SA GR M EE PL N E 3 C REVIEW Penny Worth 5 worth 5 pennies Silver color The second largest physically Features Thomas Jefferson EV Worth 1 Reddish brown color The second smallest physically Features Abraham Lincoln Nickel Quarter Worth 10 worth 10 pennies Silver color The smallest physically Features Franklin D Roosevelt Worth 25 worth 25 pennies Silver color The largest physically Features George Washington 31

CU PRACTICE ACTIVITIES ER SA GR M EE PL N E 3 C Directions Use colored pencils crayons or markers to color in the correct number of coins based on the amount you see to the left The first one is done for you 5 90 EV 35 8 50 32

CU PRACTICE ACTIVITIES ER SA GR M EE PL N E 3 C Directions Add up the coins in the left column and then draw a line to match them to the correct amount in the right column The first one is done for you 50 41 EV 31 51 4 15 33

CU PRACTICE ACTIVITIES EV ER SA GR M EE PL N E 3 C Directions Look at the items below and color in the things that you consider a NEED 34

CU PRACTICE ACTIVITIES EV ER SA GR M EE PL N E 3 C Directions Look at the items below and color in the things that you consider a WANT 35

CU PRACTICE ACTIVITIES Directions Read each scenario carefully and determine whether its describing a good or service Write each answer on the line to the right The first one is done for you good ER SA GR M EE PL N E 3 C You buy a cookie to eat at lunch You ride the bus to the zoo You do the dishes after dinner You buy a bracelet for your mom s birthday EV You babysit your little sister You sell greeting cards to classmates You get a haircut You buy a soccer ball from a garage sale 36

CU PRACTICE ACTIVITIES Directions Find the vocabulary words listed below in the word search SERVICES WITHDRAW DEPOSIT ACCOUNT GOODS NEEDS MONEY SPEND SHARE WANTS SAVE EV ER SA GR M EE PL N E 3 C CREDIT UNION 37

GLOSSARY Definition ER SA GR M EE PL N E 3 C Vocabulary 1 money 2 credit union EV A safe place to keep your money 3 interest Money paid to people that save their money at a financial institution 4 fee Extra money someone might have to pay for using a service 5 account 38 Coins or bills that we can use to trade for things that we need or want 6 deposit Where a credit union or bank keeps your money safe until you are ready to use it When a person puts money in their account

GLOSSARY Definition ER SA GR M EE PL N E 3 C Vocabulary 7 withdrawal When a person takes money out of their account Something that a person sells that they can physically touch with their hands 9 service Something that a person does for another person in exchange for money 10 need Something that is required for an individual to live a healthy life 11 want Something that is not required for an individual to live a healthy life but it often times makes life easier or more enjoyable EV 8 goods 39

CREATED BY CREDIT UNION FINANCIAL EDUCATORS Financial Literacy Made Fun ER SA GR M EE PL N E 3 C Created and maintained by certified financial educators Ever Green 3C s Financial Literacy workbooks are designed to help develop the personal finance knowledge and skills that K 12 students should possess Use Ever Green 3C s resources to supplement your curriculum and help students gain the financial literacy skills they ll need to manage their financial resources effectively throughout their lives About Ever Green 3C Ever Green 3C is a CUSO credit union service organization powered by Reseda Group a wholly owned CUSO of MSU Federal Credit Union We help credit unions establish better engagement loyalty and lifelong relationships with their members and communities through financial education solutions For more financial literacy solutions please visit www evergreen3c com Classroom Workbooks EV GRADES K 2 SAVING 05 2022 GRADES 3 5 CHOOSING GRADES 6 8 GRADES 9 12 SPENDING WITH INTENTION CAREERS COMPENSATION AND CREDIT 517 333 2288 Copyright 2022 Reseda Group LLC Ever Green 3C evergreen3c com LLC Licensee www evergreen3c com