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2nd grade · Math · Unit 19 of 19

Saving & Borrowing

Saving, deposits, borrowing and producers

What your child practices

Personal financial literacy: your child sees how savings grow over time, tells a deposit from a withdrawal, talks about responsible borrowing and lending, and tells producers from consumers, including the cost to make a simple item.

Texas Essential Knowledge and Skills (TEKS) teks student expectation: 2.11(A); 2.11(B); 2.11(C); 2.11(D); 2.11(E); 2.11(F) · saving over time, deposits and withdrawals, borrowing and lending, and producers and consumers

How we explain it

Children can open this short lesson before they practice.

  1. Saving a little each week adds up to a larger amount over time.
  2. A deposit puts money into a bank account. A withdrawal takes money out.
  3. Responsible borrowers pay back what they borrow, on time.

Example: Ava saves $3 every week. How much has she saved after 5 weeks? Add $3 five times: 3, 6, 9, 12, 15. Answer: $15

Saving & Borrowing in Texas

In the Texas Essential Knowledge and Skills (TEKS), this is unit 19 of 19 in 2nd grade Math, after Halves, Fourths & Eighths.

Gradelings describes a child's practice on this unit as Beginning, Approaching, Meeting or Exceeding (Four practice steps). That reflects practice, not a report-card mark: the teacher decides the mark.

Source: Texas Education Agency (TEA)

Sample questions

A taste of this unit. In the app, questions change every time and get easier or harder to match your child.

  1. Question 1

    Why is saving a choice instead of spending?

    • you can save and spend the same dollar
    • money you save is money you do not spend now
    • saving makes money disappear
    • spending makes money grow

  2. Question 2

    Your friend often forgets to pay back. Should you lend him money?

    • yes, and lend him more
    • it is risky, he may not pay back
    • yes, it is always safe

  3. Question 3

    Taking money out of a bank account is called a…

    • withdrawal
    • profit
    • deposit
    • gift

  4. Question 4

    Mia saves $2 every week. How much has she saved after 4 weeks?

    • $4
    • $6
    • $8
    • $10

  5. Question 5

    When you let someone use your money and they pay it back, you are…

    • spending
    • lending
    • earning
    • borrowing

  6. Question 6

    A cup of lemonade uses lemons for 20¢, sugar for 10¢ and a cup for 5¢. What is the cost?

    • 40¢
    • 30¢
    • 35¢
    • 25¢

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