kaching.docx - Names Penny Saved 10 Points Period 6 or 7...

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Names: Penny Saved Period 6 or 7 10 Points Penny Saved , Penny Earned Comic After reading the Penny Saved, Penny Earned Comic, Answer the following questions together with a partner. 1. Name at least five things people may sacrifice because they do not save. a. money b. Nice things c. college d. Emergency 2. What does “saving” mean? a. Refraining from spending all of your income. 3. What do you think “spending power” is? a. Having the power of spending too much 4. What are the benefits of saving? a. You will have money for the future for emergencies and for leisure 5. What is compound interest? a. When you reinvest your interest so you get more of it kaching. 6. Explain the benefit a savings account earning compound interest has over an account earning
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