© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

Newspaper Extract:With greater economic uncertainties today, National Development Minister, Mr Khaw Boon Wan, encourages more Singaporeans to save in case the going gets tough in future.

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

Just like how a soccer striker focuses on scoring the ball into the goal, a saver will

focus his energy and time on saving for what he needs/

want (his goal).

Short-term Goals

Goals

Long-term Goals

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

Short-term Goals

Goals

Long-term Goals

Short-term or Long-term goal?

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

• Things that do not cost much(compared to the money that you get)

• Take a few days or a few weeks to save up for.

Short-term Goals

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

• Things that cost much more(compared to the money that you get)

• Take a much longer time to save up for

Long-term Goals

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved