Causes of Poor Saving Habits Social Studies Primary 5

Causes of poor savings

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Subject   :  Social Studies


Class  : Basic 5 / Primary 5  / Class 5


Term : Second   Term


Week  : Week 4


Topic  :

Causes of Poor Saving Habits


Previous Knowledge : The pupils have previous knowledge of

Resources Preservation (saving)

that was taught  in their previous classes

Behavioural  Objectives : At the end of the lesson , pupils should be able to

  • Explain causes of poor savings
  • Say the reasons why some people find it difficult to save
  • Give examples of results or problems that may arise from no savings or poor savings

Instructional Materials 

  • Wall charts
  • Pictures
  • Online Resource
  • Textbooks

Methods of Teaching 

  • Role modelling
  • Questions and Answers
  • Explanation
  • Discussion
  • Recitation
  • Imitation
  • Story Telling

Content :  

Savings deals with personal discipline because there is no amount of money that someone may have that will be enough . We should first of all save before we start spending our money and not saving from what is left after spending our money .

Causes of Poor Savings or No savings 

  • Indiscipline as people always complain that the available money is not enough
  • Poor or low income or salary
  • Unemployment or joblessness
  • Inflation at times discourage people from saving as the value of money now is greater than the value of money in the future
  • Corruption on the part of our political , religious or corporate organization leaders
  • Reckless spending at occasions
  • Impulsive buying
  • No budget for expected income and expenses
  • Being to social or attending every party or festival

Problems That May Arise Because of Poor Saving Habits or No Savings At All

  • There will be no sock absorber or relieve in the time of financial emergency because the person does not have any savings
  • Retirement may be difficult because someone may need to work through out his or her  life time because he or she has no savings and can not stop working
  • Purchase of assets that require huge amount of money will be impossible for someone that has no savings .
  • Someone without savings can easily go bankrupt .
  • No business ideas and if there is one , there is no money of savings to pursue such ideas and turn them into realities



The topic is presented step by step

Step 1 : The class teacher revises the old topic

Step 2 : The class teacher introduces the new topic

Step 3 : The class teacher allows the pupils to give their own contributions and gives room for pupils” participation


Class Teacher And Pupils Activities. Interaction or  Participation 

This involves class teacher  and pupils interaction , conversation , imitation or modeling through discussion , play method or just by recitation or asking and answering questions that are related to the topic that has just been taught

  • The class teacher ask the pupils that what is the meaning of piggy bank or kolo
  • How many of the pupils in the class have a piggy bank , kolo or a saving account for kids
  • The class teacher may ask the pupils what the importance of daily contributions


  1. Mention three causes of poor saving habits
  2. Write out three problems that may arise from poor saving habits or no saving at all
  3. What causes poor savings in simple terms?
  4. Why do some people find it hard to save money?
  5. Explain what happens when high spending on non-essential things leaves little room for savings.
  6. How does not having a clear savings goal make it difficult to save?
  7. What does “inadequate income” mean in relation to saving money?
  8. Describe what “lifestyle inflation” is and how it affects savings.
  9. Why is a lack of discipline a challenge for saving money?
  10. Explain the concept of “procrastination” when it comes to saving.
  11. How does poor savings affect retirement security?
  12. Summarize the problems or difficulties that can arise from having no savings or poor savings.


Fill-in-the-Blank Questions:

  1. Poor savings often happen due to _______. (a) too much income (b) low expenses (c) high income (d) low income
  2. High spending on non-essential things can leave little room for _______. (a) fun (b) savings (c) friends (d) shopping
  3. A lack of knowledge about the importance of savings is called _______. (a) budgeting (b) financial education (c) happiness (d) debt
  4. When earnings can’t cover basic needs, saving becomes a _______. (a) luxury (b) habit (c) necessity (d) choice
  5. Unplanned buying or not budgeting can make savings hard, often due to _______. (a) discipline (b) wise choices (c) procrastination (d) impulse
  6. People may struggle to save when they have no clear _______. (a) goals (b) friends (c) problems (d) debts
  7. Inadequate income is when you earn too little for your _______. (a) needs (b) spending (c) savings (d) wants
  8. Some people increase spending as income rises, called _______ inflation. (a) lifestyle (b) financial (c) sensible (d) smart
  9. A lack of discipline means difficulty in _______ for savings. (a) setting money aside (b) earning money (c) spending money (d) finding money
  10. Delaying savings for later is known as _______. (a) discipline (b) budgeting (c) procrastination (d) impulse
  11. If you have no savings, you might struggle to pay unexpected _______. (a) bills (b) gifts (c) entertainment (d) vacations
  12. Without savings, some people may need to borrow, leading to _______. (a) savings (b) travel (c) debt (d) happiness
  13. Poor savings can result in missed chances like _______ or education. (a) investing (b) relaxation (c) retirement (d) shopping
  14. Retirement insecurity can happen due to poor savings, leading to _______ difficulties. (a) financial (b) family (c) health (d) social
  15. A lack of savings means no safety net for _______. (a) investments (b) emergency (c) holidays (d) gifts
  16. Financial problems from poor savings can cause _______ and anxiety. (a) happiness (b) stress (c) parties (d) celebrations


The class teacher does the necessary corrections and he or she goes round to mark .



The class teacher should stimulate the pupils’ interest  on

Resources Development

and make them to read or learn about it as they prepare for the next lesson .


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