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Marianna Hudson
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1 Suggested levels for Guided Reading, DRA, Lexile, and Reading Recovery are provided in the Pearson Scott Foresman Leveling Guide. Let s Save Money! by Sharon Franklin illustrated by Ruth Flanigan Genre Narrative nonfiction Comprehension Skills and Strategy Sequence Author s Purpose Visualize Text Features Charts Glossary Scott Foresman Reading Street ì<(sk$m)=bddcjb< +^-Ä-U-Ä-U ISBN

2 Let s Save Money! by Sharon Franklin illustrated by Ruth Flanigan Editorial Offices: Glenview, Illinois Parsippany, New Jersey New York, New York Sales Offices: Needham, Massachusetts Duluth, Georgia Glenview, Illinois Coppell, Texas Ontario, California Mesa, Arizona

Megan was a saver. She saved every letter her grandmother sent her. She always saved the pointy end of her ice cream cone for last. She had even saved a kitten from drowning!

3 Megan was a saver. She saved every letter her grandmother sent her. She always saved the pointy end of her ice cream cone for last. She had even saved a kitten from drowning! But Megan s friend Kyle had saved more money than she had. Megan was puzzled about how he did it. Every effort has been made to secure permission and provide appropriate credit for photographic material. The publisher deeply regrets any omission and pledges to correct errors called to its attention in subsequent editions. Unless otherwise acknowledged, all photographs are the property of Scott Foresman, a division of Pearson Education. Photo locators denoted as follows: Top (T), Center (C), Bottom (B), Left (L), Right (R), Background (Bkgd) Illustrations by Ruth Flanigan ISBN: Copyright Pearson Education, Inc. All Rights Reserved. Printed in the United States of America. This publication is protected by Copyright, and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form by any means, electronic, mechanical, photocopying, recording, or likewise. For information regarding permission(s), write to: Permissions Department, Scott Foresman, 1900 East Lake Avenue, Glenview, Illinois V0G

Mom explained that Megan and Kyle had saved their money in two different ways. Megan had saved her money in her piggy bank.

4 Megan and Kyle had each saved $10.00 a month for one year. At the end of the year, they compared their money. Megan had $ and Kyle had more. Megan didn t understand why. She asked her mom to help solve the puzzle. Mom explained that Megan and Kyle had saved their money in two different ways. Megan had saved her money in her piggy bank. But Kyle had saved his money in a bank savings account. Mom said that money grows in a bank savings account. Let s find out how money can grow. 4 5

Imagine putting $5,000.00 in a savings account for college. The bank pays 5 percent yearly interest. After a year, there would be $5,250.

5 Banks earn money by lending out the money you deposit, or put into your bank account. Since the bank uses your money, it pays you interest. Your money will earn interest for as long as you keep it in the bank. If you need to take money out of your bank account, you will not be fined. Imagine putting $5, in a savings account for college. The bank pays 5 percent yearly interest. After a year, there would be $5, in the account. The extra $ is the interest earned. In five years the account would grow to $6, And in ten years, there would be $8, in your college account! 6 7

In January Megan decided she d like to save one hundred dollars for a family trip that June.

6 Before you open a savings account, ask yourself four questions: Why do I want to save money? How much do I want to save? When will I need the money? How much can I save each week or month? In January Megan decided she d like to save one hundred dollars for a family trip that June. If she saved five dollars each week, she would reach her goal. This time, Megan wanted to save her money at a bank. Megan and her mom went downtown to open a savings account! 8 9

She showed Megan the kind of statement she would receive four times each year.

7 At the bank, Megan wrote her name, address, and other information on a form. She gave the bank teller her first five-dollar deposit. The teller gave Megan a book to record her deposits. She showed Megan the kind of statement she would receive four times each year. The statement would show her deposits and interest. Then the teller told Megan about the bank savings club. Members received a prize after every ten deposits. Megan was excited to be a savings club member! 10 11

Finally, Kyle keeps two dollars to spend for himself!

8 Kyle receives an allowance of five dollars a week. Each week he puts two dollars into his savings account. Kyle donates one dollar to a food bank at the grocery store for people who do not have enough to eat. Finally, Kyle keeps two dollars to spend for himself! As you can see, it is possible to save your money and still have some left over to spend. Nickels, dimes, and quarters quickly add up to dollars. And with interest earned in a bank savings account, you may be rich in savings sooner than you think! 12 13

9 Ask an adult to help you get started on a savings plan. Remember to make a plan that allows you to save money but gives you some spending money too. Once you have your plan worked out, you can make it work. Keep your goal in mind and don t give up. You ll have fun watching your money grow! 14 15

10 Glossary college n. a school of higher learning, where a person can study after high school, that gives degrees or diplomas. dimes n. coins of the United States and Canada equal to ten cents. downtown n. The main part or business part of a town or city. fined v. made to pay money as punishment for breaking a law or regulation. nickels n. coins of the United States and Canada equal to five cents. quarters n. coins of the United States and Canada equal to twenty-five cents. rich adj. having a great deal of money, land, goods, or other property. Reader Response 1. Reread page 12. Use a graphic organizer like this to explain Kyle s allowance and what he does with it What did you see in your mind as you read page 8? 3. What do the words nickels, dimes, and quarters have in common? Use the three words in three complete sentences. 4. Find the graphs on page 7. How much money was there after five years? After ten years? 16

ì<(sk$m)=bddcga< +^-Ä-U-Ä-U

ì<(sk$m)=bddcga< +^-Ä-U-Ä-U Suggested levels for Guided Reading, DRA, Lexile, and Reading Recovery are provided in the Pearson Scott Foresman Leveling Guide. Let s Make a Trade! by Marianne Lenihan Genre Expository nonfiction Comprehension