Grade K

Spending and Saving

Credit and Debt

Employment and Income

Risk Management and Insurance

Financial Decision Making

Apply strategies to monitor income and expenses, plan for spending and save for future goals.

Develop strategies to control and manage credit and debt.

Use a career plan to develop personal income potential.

Apply appropriate and cost-effective risk management strategies.

Apply reliable information and systematic decision making to personal financial decisions.

Develop a plan for spending and saving.

Develop a system for keeping and using financial records.

Describe how to use different payment methods.

Apply consumer skills to spending and saving decisions.

Analyze the costs and benefits of various types of credit.

Summarize a borrower's rights and responsibilities related to credit reports.

Apply strategies to avoid or correct debt management problems.

Explore job and career options.

Compare sources of personal income and compensation.

Identify common types of risks and basic risk management methods.

Justify reasons to use property and liability insurance.

Justify reasons to use health, disability, long-term care and life insurance.

Recognize the responsibilities associated with personal financial decisions.

Use reliable resources when making financial decisions.

Make criterion-based financial decisions by systematically considering alternatives and consequences.

Apply communication strategies when discussing financial issues.

Analyze the requirements of contractual obligations.

Control personal information.

Use a personal financial plan.

Decide uses for personal funds.

Share an experience of waiting to have enough money to buy something.

Predict possible spending decisions in advance of a family trip or other special occasion.

Tell about a personal savings goal in terms of a special occasion in the near future, such as a gift or special event.

Explain why money saved in a bank or credit union is still a personal belonging.

Show how to add money to and withdraw money from a personal account in a bank or credit union.

Point out examples of alternatives to activities that charge fees.

Differentiate between private and public property.

Explain how receiving a toy as a gift is different from sharing a friend's toy while playing.

Create a way to keep track of money saved for future spending.

Sort coins and paper money by appearance and name.

Count items up to 10.

Explain why some spending transactions return change to the buyer and some do not.

Assemble a grocery or other shopping list for the family.

Locate familiar items and comparable alternatives while grocery shopping.

Explain why comparable store items might be offered at different prices.

Explain how charitable giving differs from sharing toys with a friend.

Identify personal possessions that are suitable for donation to a charity.

Explain why something borrowed must be returned.

Explain the difference between buying and borrowing.

Explain how to take care of something borrowed.

Identify actions a borrower can take to satisfy a lender when a borrowed item is lost or damaged.

Discuss tasks that an adult family member or friend does on the job.

Discuss special household tasks that might be suitable opportunities to earn money.

List occasions when people might receive money gifts.

Devise a system to keep track of personal items and small amounts of money at home.

Establish safe ways to carry small amounts of money and personal items.

Given an age-appropriate activity such as riding a bicycle, recommend ways to reduce and avoid potential risks.

List valuable items that households commonly own.

Describe how valuable items might be damaged or lost and ways to protect them.

List ways that children can protect themselves from injury.

Demonstrate spending by trading money for something else.

Share an experience about deciding not to spend money.

Give an example of a purchase or an activity that did not meet expectations.

Explain why a choice may be necessary when desiring two items at the same time, but having enough money to buy only one item.

Give an example of something that could be a need for one person but not for another.

Discuss how wants might differ, depending on individual circumstances such as age, where one lives and time of year.

Negotiate with other students and the teacher on classroom chores and privileges.

Give reasons for keeping promises between friends or family members.

Explain the reasons for not sharing personal information with strangers.

Differentiate between possessions that belong to a specific family member and those that are available for everyone in the family to use.