18
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ave for a rainy day is a
phrase that reminds
people to save money when
times are good so they have
money to use when there is
a big expense, or the ability
to earn money stops.
S
Most people save for a
rainy day by putting a little
money aside each week,
or each month. They put
these "savings" into a bank
account or a piggy bank or
even a jar.
Tomas' parents gave him $2 every week for
allowance. But when the pandemic
caused his father's company to
close for a few months, his dad
could no longer give Tomas
an allowance.
Why have a rainy-day fund?
Tomas had been putting 50¢ of
his weekly allowance into a Rainy-Day
Fund jar for a year. That totaled
$26. So even though he wasn't
getting an allowance, Tomas
still had some money if
he needed it.
When his dad's company opened back up,
Tomas started getting his allowance again.
But this time, he started adding 75¢ to his
rainy day jar every week.
ck up, k
again.
to his
By saving 75¢ each
week, how much will
be in Tomas' jar after
one year?
savings" into a bank
t or a piggy bank or
jar.
Alma's grandmother sends her $25 every year on her birthday. Alma is 11 years old, and
her grandmother started sending the money to her on her 5th birthday. Alma saved half
of the money each year in her Rainy-Day Fund piggy bank. How much is in Alma's
piggy bank now? Write the amount on the bank's label.
How much is in Alma's bank?
You don't have to put a lot of money
into your rainy-day fund all at once.
What matters most is putting a little
bit of money into your fund on a
regular basis. For example,
if you get an allowance
once a week, put part of
your weekly allowance into
your rainy-day fund every
time you get your allowance.
How much should go
into a "rainy-day" fund?
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FINISH
Martina's Money Mistakes
Martina earned $5.00 each week watering and weeding her neighbor's
garden. Unfortunately, Martina spent almost all of that money every
week building up her sticker collection.
Martina's neighbor moved away last month.
Martina's bike got a flat tire and she doesn't
have the money to get it replaced. She now
wishes she had saved money in a Rainy-Day
Fund jar like her cousin Tomas.
Can you think of a time when you
could have used a Rainy-Day
Fund jar of your own?
Can you find each
umbrella's twin?
START START
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Official Kids Mag
