Chicago Budget Adventure

You have chosen to go to a fancy high-end restaurant on the weekend out with your friends and had a great time.

If you choose to do this activity every weekend, it will cost you $_____ per month, which is ______% of your monthly income. You are now left with $_____ dollars, which is _____% of your monthly income.

If you put this remaining amount of $______ dollars into a bank savings account and do so every month, in a year you will have saved a total of $______ dollars!

You will be able to afford a _______________ in __________ months!





But did you know that many banks will give you FREE MONEY just for keeping your money in a savings account? Yes, you read that right, banks will give you an Annual Yield Percentage (APY) that is calculated by the total amount of money you have in your savings account. This is an interest rate that the bank PAYS YOU in return for you essentially lending them your money. This means that the more money you have in your savings account, the more money the bank will give you, all for free and without having to do anything extra! Isn't that just awesome?





Not all banks will give you the same Annual Yield Percentage (APY) for your savings account, so it is a good idea to research and compare the savings account APY rate for different banks in your area. The higher the APY rate, the more MONEY you end up getting each month!



Would you like to restart your savings adventure?