Saving Money
Understand the importance of saving and budgeting
Learning About Money
Money is used to buy things we need and want. South African money includes coins (R1, R2, R5) and banknotes (R10, R20, R50, R100, R200). Saving means keeping some money for later instead of spending it all at once.
Example
Needs vs Wants
Needs are things you must have: food, water, clothes, a home. Wants are things that are nice to have but not essential: sweets, toys, games. If you get R20, you could save R10 and spend R10. Over time, your savings grow!
Note
Remember
Use a piggy bank or savings jar to save coins. Even small amounts add up over time. Making a plan for your money is called budgeting — it helps you spend wisely.
Key Vocabulary
SavingKeeping money to use later instead of spending it now
BudgetA plan for how to spend and save your money
NeedsThings you must have to survive, like food and shelter
WantsThings you would like to have but do not need to survive
SASL Avatar
Loading avatar...
1 / 4
Saving
Speed: