Time Preference—Why It Is Hard to Save

Students investigate the decision to save as a choice between spending now or spending later and how people’s natural preference to enjoy goods and services now affects this decision.

•  Lesson (pdf)

•  PowerPoint slides (pptx)

The Making Personal Finance Decisions curriculum teaches valuable personal finance lessons grounded in economic theory. The curriculum is divided into 10 themed units, with each unit containing two lessons. The twenty individual lessons employ a variety of teaching strategies designed to engage students in the learning process and equip them with the knowledge and skills necessary to make informed personal finance decisions. Time Preference—Why It Is Hard to Save is lesson 6A of Unit Six: Saving.


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Education Level: 9-12
Subjects: Economics Mathematics Personal Finance
Concepts: Decision-Making Incentives Interest Lenders/Borrowers Opportunity Cost Saving Spending
Resource Types: Lesson PowerPoint
Languages: English