1st Grade

State Standards

1.SS: Spending and Saving

Develop a plan for spending and saving.

1: Explain how saving money can improve financial well-being.

Describe how to use different payment methods.

2: Calculate the amount of change to be returned when the payment amount is greater than the purchase price, using whole dollar amounts.

Apply consumer skills to spending and saving decisions.

3: Explain a spending decision based on predetermined criteria for an acceptable outcome and available options.

4: Explain how spending choices are influenced by price, advertising, the spending choices of others, and peer pressure.

1.CD: Credit and Debt

Analyze the costs and benefits of various types of credit.

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

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

1.EI: Employment and Income

Explore job and career options.

1: Identify the different skills, training, and tools required by different jobs.

Compare sources of personal income and compensation.

2: Identify jobs children can do to earn money.

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

4: Identify the opportunity cost of a decision.

5: List the costs and benefits when making a decision.

Control personal information.

6: State strategies to protect personal information.