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LESSON: A CHAIR FOR MY
MOTHER
Lesson Summary
A young
girl, her mother, and her grandmother lost all of their belongings in
a house fire. Generous friends, neighbors, and family replaced many
things, but they still had no soft comfortable chair. They all placed
their coins in a large jar for a long time until they saved enough
money to buy a beautiful chair to share.
Concept: Saving
Definition: Savings is the part of a person's
income that is not spent for goods and services or used to pay taxes.
Comprehension Questions
What
did the family want to buy? Why?
They wanted a soft, comfortable
chair because their other chair and sofa were lost in a fire.
Why
didn't they just buy a new one?
They did not have enough
money.
How
were they able to buy a new chair at the end of the story?
They
had saved enough money in the large jar.
How did
the little girl earn money to save?
She worked at the restaurant
with her mother. Her mother's boss would pay her.
What
money would the mother add to the savings jar?
She would add
the coins she earned from tips at the restaurant.
How did
the grandmother increase the savings?
She would shop for the
family's food at the market. Anytime she received a bargain price, she
would put the savings into the savings jar.
What
happened after they filled the savings jar with coins?
They rolled
the coins and exchanged them at the bank for bills. They took the money
downtown to purchase a new chair.
What
will they probably do with the empty jar?
Answers will vary: They
will probably start saving again for
something else they want to
buy.
Other Concepts: Consumers, Economic
Wants, Goods and
Services | 
