MSP Examples - Education for Economic Security

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My Saving Plan Examples Please note that the examples given are NOT from winners pictured.

Example #1

I am John Dakid in Ms Jones class in the Mill Pond school. I live at 123 Grand View, Apartment #4 in Westboro, My phone number is 508-999-9999. I have no savings now.

I will mow lawns. I will save all my money. I will have $100 by the end of September.

UPDATE: I can’t mow lawns because of the snow. I will shovel snow now and mow lawns in the summer.

ADDITIONAL UPDATE. I am making a lot of money shoveling snow and I think I can have $300 saved by the end of September. I had to pay for the shovel.

LATER UPDATE: I got a bike but I can still save $300 by the end of September. I have $214.90 saved now.

This is a Spring Street, Shrewsbury Winner

Example #2
I am going to plant flowers. My Dad is going to help me plant the flowers but he said I need to buy the seeds. The seeds will cost me $13.00. I am John Farmer in Northboro and go to the Zee school in Ms. Butterfinger’s class. 14 North Road. 508-888-8888 I am going to save everything I make from the flowers but I will spend my allowance. I think I will make about $100.

UPDATE: A bunch of flowers got washed away by the rain but I have more inside.

ADDITIONAL UPDATE: I figured out my cost is 17 cents per flower and I was going to sell them for 50 cents but my dad said I should let them grow more and charge $9.99 each. My dad sells flowers at our store and know about stuff.

LATER UPDATE: I sold 53 plants and made $520.46. The newspaper came and took a picture of me.

This is a Westboro Winner

Example #3
I am Lowell George Apartment C, 54 Dixie Chicken Drive in Southboro I am in Mr. Barrere’s class in the Neary school.

There is a place that lets you pick things in the summer and I want to pick strawberries and make them into jam and them I can sell the jam. I will save all the money I make from the jam because I get an allowance for stuff now. I can make $250.

UPDATE: My mom says I have to buy the jars and stuff. She said she would lend me the money but that I needed to tell you. She gets jars and stuff to make her jam so she knows where to get things.

ADDITIONAL UPDATE: My friends say they will help me so I think I can get a lot more.

LATER UPDATE: My mom says I need to wait to sell them at Christmas but I need to have my savings counted by October 1. What should I do?

Dear Lowell, We agree with your mom that Christmas would be a good time to sell your jam. We would suggest selling 10 jars as soon as you can, which will establish the price and if you can sell them. Then count how many jars you have to sell at Christmas and we will credit you with that amount as of October 1st. If you sell some early, you are likely to be able to sell those same people more at Christmas, if it is good jam. EES, Inc

VERY LATE UPDATE: I sold 10 jars for $5 each, except one jar that fell and broke. My cost to make each jar was $1.14 and made $33.60 in profit. I have 83 jars left to sell at Christmas. My sister wants to wrap them in fancy paper.

This is a Northboro Winner

Education for Economic Security, Inc.

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