Max and His Savings Adventure

Once upon a time, there was a minor named Max who wanted to save for his future. So, he opened a savings account in the bank and started depositing money into it every month.
He learned from the bank that he would earn interest on the money in his account. Excited about this, Max started researching ways to increase his interest earnings.
One day, Max went out in the rain with his galoshes on to buy a new toy. However, he realized that he had spent all the money in his account on expenses. He was sad as he trudged back home.
The next day, Max received a statement from the bank showing how much interest he had earned and how much he had spent. He felt proud of himself for being a responsible borrower and promised to keep track of his expenses in the future.
From then on, Max saved carefully and watched his savings grow with interest. The end.

Reflections

  1. Why did Max open a savings account?
  2. What did Max learn about earning interest and how did he feel about it?
  3. How did Max feel when he spent all his money on expenses?
  4. What did Max promise to do in the future after receiving his bank statement?
  5. What did Max learn about being a responsible borrower and saving money?

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