Sometimes we cannot buy something straight away. Saving means keeping a little money safe now, so you can buy something bigger later — it teaches patience.
Why this matters: When you save, you learn patience and you do not waste money. Being content with what you have is a beautiful habit, and saving helps you plan for what truly matters.
Needs and wants
A need is something we really must have, like food, water, clothes and a home. A want is something nice to have, but we can live happily without it, like a new toy or sweets.
| Needs | Wants |
|---|---|
| Healthy food | Sweets |
| Warm clothes | A new toy |
| A place to sleep | A video game |
How to save for something
You do not need lots of money all at once — a small amount saved often grows into enough.
Put these saving steps in order:
- Decide what you want to buy
- Set a saving goal
- Save a little each week
- Reach your goal and buy it
Save £2 each week in a jar.
Week 1: £2, Week 2: £4, Week 3: £6, Week 4: £8, Week 5: £10.
After 5 weeks you have £10!
Week 1: £2, Week 2: £4, Week 3: £6, Week 4: £8, Week 5: £10.
After 5 weeks you have £10!
To plan, ask: how much does it cost, and how much can I save each week?
A book costs £6. You save £3 each week.
Week 1: £3, Week 2: £6. It takes 2 weeks.
Week 1: £3, Week 2: £6. It takes 2 weeks.
Sort each item into the right group:
- Healthy food
- Warm clothes
- A place to sleep
- Sweets
- A new toy
- A video game