Grades 1, 2, 3, 4

Spending and Saving

Credit and Debt

Employment and Income

Investing

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.

Implement a diversified investment strategy that is compatible with personal financial goals.

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.

Explain how investing may build wealth and help meet financial goals.

Evaluate investment alternatives.

Demonstrate how to buy and sell investments.

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.

Explain how saving money can improve financial well-being.

Create a way to keep track of money spent.

Categorize types of household expenses and sources of income.

Calculate the sales tax for a given purchase.

Describe ways that people can decrease expenses to save more of their incomes.

Demonstrate how to allocate weekly income for spending, saving and sharing goals.

Give an example of how government uses tax revenues.

Monitor financial statements for a personal savings account.

Set up a system to keep track of household product information, such as product warranties and receipts.

Justify reasons to keep money in a bank or credit union.

Demonstrate how checks and debit cards, gift cards and credit cards work as payment methods.

Verify the total cost of a purchase that includes multiple items.

Calculate the amount of change to be returned when the payment amount is greater than the purchase price.

Compare prices for the same item from two different sources.

Justify a spending decision based on pre-determined criteria for an acceptable outcome and available options.

Explain how peer pressure can affect spending decisions.

Identify situations when people might pay for certain items in small amounts over time.

Summarize the advantages and disadvantages of using credit.

Explain why financial institutions lend money.

Explain why using a credit card is a form of borrowing.

Describe the qualities that would be desirable in a person who borrows a favorite personal possession.

Give examples of reasonable conditions to set for the use of borrowed personal property.

Relate overspending to potential borrowing problems.

Explain the difference between a career and a job.

Identify various jobs within a specific career.

Give an example of how an individual's interests, knowledge and abilities can affect job and career choice.

Give examples of careers related to a personal interest.

Examine jobs related to a career of interest.

Give examples of local entrepreneurs.

Identify jobs children can do to earn money.

Explain the difference between a wage and a salary.

Give examples of sources of income other than a wage or salary.

Describe reasons for investing.

Calculate simple interest earnings.

Calculate compound interest earnings.

Explain the benefit of a compound rate of return.

Give an example of an investment that allows relatively quick and easy access to funds (liquidity).

Compare the main features and rates of return on basic deposit accounts at local financial institutions.

Investigate requirements for purchasing a certificate of deposit.

Give examples of risks that individuals and households face.

Estimate the losses and costs associated with certain physical and financial risks.

Justify reasons for keeping money in a depository institution.

List responsibilities that homeowners and renters have for the safety of other people.

List actions that homeowners and renters can take to reduce physical risks to themselves and others.

Justify reasons to have health insurance.

Predict the consequences of spending decisions.

Analyze money-handling decisions that youth commonly face.

Analyze how pre-purchase research affects satisfaction when making a spending decision.

Identify reliable sources of information when comparing products such as a bike.

Discuss ways to verify a claim expressed in advertising for an age-appropriate product.

Explain how limited personal financial resources affect the choices people make.

Rank personal wants in order of importance.

Make a decision based on the description of an acceptable outcome.

Devise a plan to achieve a specific, measurable goal.

Analyze how members of previous generations differ in their values and attitudes about money compared to people today.

Demonstrate how to negotiate an acceptable trade of goods and services between family members or friends.

Devise an agreement between friends, listing expectations for each person and consequences of breaking the agreement.

Compare product return policies at local retail stores.

List types of personal information that should not be disclosed to others in person or online.

Apply strategies to protect personal information.

Categorize types of household assets.

Explain what it means to inherit something.