Best friends Olivia and Sylvia both get weekly allowance
of $10 each from their parents. This means Olivia gets $10 every week, and so does Sylvia.
One day, Olivia decides to save her weekly allowance, while Sylvia decides to spend hers. Olivia puts her $10 into a piggy bank, while Sylvia goes to the store and buys a new book with her $10.
The following week, Olivia again saves her $10 allowance in her piggy bank, while Sylvia decides to spend hers again. This time, she buys some art supplies.
They continue this pattern for several weeks. Olivia saves her $10 allowance in her piggy bank, and Sylvia spends hers on various things like clothes, toys, and snacks.
After several months, Olivia decides to see how much money she has saved in her piggy bank. She dumps out all her allowance money and counts it. She has saved $200.
Meanwhile, Sylvia realizes she has spent all of her allowance every week and has nothing left to show for it.
Olivia is able to use her $200 savings to buy something she really wants, while Sylvia has to ask her parents for money if she wants to buy anything.
This scenario shows the importance of saving money and making wise spending choices. By choosing to save her allowance, Olivia was able to accumulate a significant amount of money over time. On the other hand, Sylvia's impulsive spending left her with nothing to show for it.