Money & Finance · Lesson 5 of 14
Saving Towards a Goal
To reach a goal, work out how much is left to save, then divide by the amount you save each time.
- Primary
- Updated
What you will learn
- Find how much is left to save.
- Work out the time or the amount per week.
- Show savings on a graph.
Before you start: you should be able to multiply and divide whole numbers and decimals. See Multiplying Prices and Sharing Bills.
The idea
A savings goal is a target amount. Saving means putting money aside regularly. The key question is how much is left and how long it takes to get there.
Three questions
- How much is left? Goal minus saved so far.
- How long? Amount left divided by the amount saved each time.
- How much each time? Amount left divided by the time you have.
Worked examples
Example 1: How long
Goal £120. You save £15 a week.
- .
Answer: weeks
Example 2: Amount left
Goal £90. Saved £35. Saving £11 a week.
- Left: .
- .
Answer: more weeks
Example 3: Per week
£200 in weeks.
- .
Answer: £20 a week
Tip: work out the amount left first. It makes every other step simpler.
Why it matters
Saving for a phone, a trip or an emergency uses the same few steps. For money that grows by itself, see interest and percentages.
Practice
Your turn. Type or choose an answer, then press Check. Getting one wrong is fine, that is what practice is for. You can try as many times as you like.