In this lesson, students will learn about saving versus borrowing money to purchase the things they want. Students will set short and long-term goals to save for items they want and find ways to earn money. They will also walk through a car loan application to see what lenders want to know before loaning money to a person. For homework, students can go to or call a local financial institution to learn about their rates, loans, and accounts. Parents are encouraged to open a savings account with their children to help them learn about how interest works.