Timmy and the Power of Interest

Once upon a time there was a young boy called Timmy who wanted to buy a new toy. He asked his parents for money but they told him that due to the current economy, they were unable to make a payment on their mortgage and were facing temporary unemployment. Timmy was sad, but then he remembered that he had saved up some pocket money. He went to the bank to deposit it and met the bank manager who explained to him how interest worked. Timmy was fascinated and decided that he wanted to become a bank manager when he grew up, so that he could help people like his parents. From that day on, Timmy started saving every penny he got and was determined to make his dream come true. The end.

Reflections

  1. What did Timmy's parents tell him about their financial situation?
  2. How did Timmy feel about his parent's financial situation?
  3. Who did Timmy meet at the bank?
  4. What did Timmy learn from the bank manager?
  5. What did Timmy decide he wanted to do when he grew up?
  6. Why was Timmy determined to save every penny he got?

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