• Personal Savings

• ### Explore

Respond to the questions which can help you think more of how to plan for your future.

How are you planning for your future?
Respond to the following questions.

Do you think of goals and aim at attaining them?

? Have you ever thought of goals you would like to achieve

Do you consider saving some money for unexpected expenses?

?Where do you save the money you decide not to spend

What is the percentage of your personal savings compared to your salary?

#### Now, let's conduct a research:

Ask your family and friends if they are planning for their future and old age.

Do they save some money and how much do their personal savings total with respect to their salaries?

• ### Elaborate

##### Below are two case studies: The first addresses the importance of saving while the second rotates around how we can set our goals and priorities.Divide the class into two groups: Assign one case study per group.

• jot down the main ideas
• discuss the raised problematic
• suggest some solutions
• Prepare a presentation to open a discussion in class

Each group should also name a representative and a timekeeper.
Allotted time is 30 minutes.
Presentation time is 10 minutes.

#### A Case Study

##### Samer has a monthly income of 200,000 L.L. Every month, he spends about 125,000 L.L. Now, he'd like to buy a new cell phone, which costs 1,000,000 L.L. Indeed, he has saved 700,000 L.L. and still needs 300,000 L.L. What options does he have in order to gather the remaining sum of money as soon as possible?

First Option: Saving 10% of his monthly income
Second Option: Saving the remaining money of his income
So, which is the better option in your opinion?

#### Group Work

1. Preparing a list of 10 items to buy
2. Determining the importance of these items and how they can aid them in attaining their goals
3. Estimating the price or cost of each item
4. Choosing one goal and one item they consider the most important to attain in the short, mid, or long term
5. Specifying their monthly income
6. Deciding on the sum of money to save on monthly basis
7. Will they succeed in attaining their goals?

• ### Evaluate

##### While each group is presenting its findings, ask the other students to write down their notes and questions.

Allot some time for students to comment on their classmates' presentation.

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