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"All Things Finance" Curriculum

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shriyasreeju

Subject Math • Social Studies — Financial Literacy

Grade Level Grades 1-5

Attributes

Gifted and Talented, Good for Parents

Standards Alignment

State-specific

License

Public Domain Dedication

CC0 1.0 Universal

About This Lesson

Our six-module curriculum is a diverse range of multimedia resources, such as videos, worksheets, complete workbooks, and picture books. With regularly updated content, our resource library is a valuable tool for promoting financial literacy.

Financial Literacy

1st Grade Math Worksheets

2nd Grade Math Worksheets

Gifted and Talented Lesson Plans

Resources

External resources

https://www.projectbrightbeginnings.org/resources

Website

Standards

1 - E1.0.3

Using examples, explain why people cannot have everything they want (scarcity) and describe how people respond (choice).

1 – E1.0.3

Using examples, explain why people cannot have everything they want (scarcity) and describe how people respond (choice).

1 – E1.0.5

Describe ways in which people earn money.

1-2.3

Illustrate ways that government affects the lives of individuals and families, including taxation that provides services such as public education and health, roads, and security.

1.1

Choices can be made with your money. Choices include spending, saving and donating. Money can also be saved in financial institutions.

1.1

People have limited resources and must prioritize their needs and wants. Saving and/or investing a percentage of income contributes to an individual’s financial well-being. Professionals can help individuals determine financial goals.

1.10d.1

Students will examine decisions that people make about spending and saving money.

1.12

Distinguish between wants and needs and between consumers and producers.

1.13

Illustrate the fact that some choices provide greater benefits than others.

1.13

Understand that people make choices based on the scarcity of resources.

1.14

Examine and analyze economic concepts including basic needs vs. wants and the factors that could influence a person to use money or save money.

1.16

Explain the importance of saving, investment, and employment in creating personal and social wealth.

1.17

Explain the importance of taxes in providing public services to meet the needs of the individual and the community.

1.18

Explain how personal saving and spending can be used to meet short-term financial goals.

1.19

Identify sources of income (e.g., gifts, borrowing, allowance, work wages).

1.1h.A

Choices involve getting more of one thing by giving up something else.

1.1h.D

A benefit is what satisfies a want.

3.5.A

identify ways of earning, spending, saving, and donating money; and

3.5.B

create a simple budget that allocates money for spending and saving.

3.6.A

identify ways of earning, spending, saving, and donating money; and

3.5.A

identify ways of earning, spending, saving, and donating money; and

3.5.B

create a simple budget that allocates money for spending and saving.

3.6.A

explain how supply and demand affect the price of a good or service;

3.6.B

create a simple budget that allocates money for spending, saving, and donating.

3.6.A

explain how supply and demand affect the price of a good or service;

1.3.3.a

determining that people make choices because of limited resources.

1.3.3.b

identifying that incentives influence the choices we make.

1.3.3.c

explaining that the consequences of choices lie in the future.

1.3.3.d

identifying trade-offs as the options that people give up when they make a choice.

1.3.4.a

identifying times when people borrow and lend goods or services.

1.3.4.b

determining that people lend goods and services to help others and to benefit.

1.3.7

Explain ways in which people rely on the environment to meet the basic human needs of food, clothing, and shelter

1.4

Recognize that people pay taxes on the money they earn. Money collected from taxes is used to provide local, state and national government services.

1.4.1

Explain the costs and benefits of spending and saving in order to meet needs and wants.

1.4.4

Describe the role of banks in the community.

1.4.5

Explain that people have to make choices about goods and services because resources are limited in relation to people’s wants (scarcity).

1.5

Identify choices and decisions for various uses of money (saving, spending and sharing/contributing).

1.4.1

Explain the costs and benefits of spending and saving in order to meet needs and wants.

1.5.1

Identify ways to save money

1.5.2

Distinguish between needs/wants of people by responding to real life situations

1.7.1

Goods and services satisfy people’s needs and wants.

1.7.A

Goods and services satisfy people’s wants.

1.7.B

describe similarities and differences in ways families meet basic human needs.

1.8

The student will explain that people make choices because they cannot have everything they want.

1.8

The student will explain that people make choices because they cannot have everything they want.

1.8.1

People make choices because they cannot have everything they want.

1.8.2

People cannot have all the goods and services they want.

1.8.3

People must choose some things and give up others.

1.8.5

Students make better choices when they consider the costs and benefits of their decisions.

1.8.A

People make choices because they cannot have everything they want.

1.8.B

A decision-making model helps people make choices.

1.8.B

They must choose some things and give up others.

1.9

The student will recognize that people save money for the future to purchase goods and services.

1.9

The student will recognize that people save money for the future to purchase goods and services.

1.9.1

People can choose to spend or save money.

1.9.1.b

savings: Money not spent now so it can be spent in the future

1.8.e

describing why people must make choices, prioritizing needs over wants.

1.9.2

People save to buy something later when they have enough money.

1.9.2

To save money, people give up spending now in order to buy goods and services in the future.

1.9.A

People can choose to spend or save money.

1.9.B

To save money, people give up spending now in order to buy goods and services in the future.

1.9.B

People save to buy something later when they have enough money.

1.9.C

identify examples of choices families make when buying goods and services.

1.9.Q1

What is saving?

1.9.Q2

Why do people save money?

1.A.1

Explain the consequences of making financial decisions.

1.A.4

Describe the concept of financial obligations, such as borrowing and “IOUs”.

1.B.1

Develop and apply financial literacy vocabulary.

1.B.2

Identify personal financial goals.

1.C.4.1

Explain how Americans are free to make choices about what to buy and that choices are necessary because they cannot have everything they want.

1.C.4.6

Explain the costs and benefits of spending and saving in order to meet one’s needs and wants.

1.C.4.7

Describe how setting goals and creating a budget help people obtain their needs and wants.

1.E.1.2.A

Describe ways people could earn money in order to buy something they want or need.

1.E.1.3

Exemplify how supply and demand affect the choices people make.

1.E.1.1

Define employment, income, salary, and wages.

1.E.1.3

Explain that people earn income through work.

1.E.2.1

Identify basic needs.

1.E.4

Identify an economic want or need at the local or state level and create a solution in the form of a good or a service.

1.E.2.2

Explain how basic needs are met.

1.E.2.3

Classify items or services as needs and wants.

1.E.2.4

Examine how people prioritize spending and saving to meet their needs.

1.E.3

Explain that people have to make choices about goods and services because resources are limited in relation to people’s wants (e.g., scarcity).

1.E1.2

Describe reasons to save or spend money.

1.E.ES.1

Identify sources of income.

1.E.ES.2

Identify choices and decisions for various uses of money.

1.E.IC.3

Explain the difference between a need and a want.

1.E2.1

Explain how needs, wants, and availability of resources affect decision making.

1.E2.2

Identify the benefits and costs of making various personal decisions.

1.E3.2

Explain how people in our community earn income.

1.FA.FG.1

Explain reasons people set goals.

1.MM.B.1

Describe ways to use money.

1.MM.CD.1

Recognize the difference between borrowing and owning.

1.MM.PB.1

Describe the different ways people choose to use their money.

1.MM.PB.2

Recognize that a bank works with money.

1.MM.S.1

Discuss reasons one may choose to save money rather than spend it.

1.MM.S.2

Explain why people choose to save money.

1.P.2.4.B

Identify needs and wants, including the concept of freedom of choice.

1.SS.1.H

The student can give examples of a trade-off when working, buying, selling, and saving. E

1.SS.3.1

Identify ways people meet their needs by sharing, trading, and using money to buy goods and services.

1.SS.3.1.1

Identify the basic needs of people, such as food, clothing, and shelter.

1.SS.3.1.2

Identify ways people meet their needs by sharing, trading, and using money to buy goods and services.

1.SS.3.1.3

Name things that people may want but do not need and explain the difference.

1.SS.3.2

Distinguish between wants and needs and provide examples of each.

1.SS.3.3

Identify ways to save money for future needs and wants.

1.SS.3.4.1

Identify ways to save money for future needs and wants.

1.T4.7

Give examples of choices people have to make about buying goods and services (e.g., food for the family or a video game; bus fare to get to work or a movie ticket for entertainment) and why they have to make choices (e.g., because they have only enough money for one purchase, not two).

In this unit students will recognize that limited resources require people to make choices to satisfy their wants for goods and services.

They will analyze the concepts of opportunity cost and cost-benefit in the context of choices made in Kansas and another region and draw conclusions about these choices.

In this unit, students will recognize and evaluate that people make choices about resources and that those choices have consequences.

They will consider how people’s wants and needs are met through spending and saving decisions.

They will investigate that choices made by a family are based on wants and needs.

In this unit students will recognize that people and families cannot have everything they want so they have to make choices.

They will understand that when borrowing money the consumer is receiving credit that must be repaid.

Students will explore the consequences of borrowing and lending.

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