Colorado
1st Grade
State Standards
Personal Financial Literacy
8: Apply economic reasoning skills to make informed personal financial decisions.
FL.1.5.1: Plan how to spend, share, and save money.
a: Discuss ways to earn or receive money.
b: Identify types of currency and how currency is used. For example: Cash, coins, credit card, and debit card.
c: Define types of transactions such as deposit, purchase, borrow, donate, and barter.
d: Find the value of a collection of a variety of coins.
Colorado Essential Skills
1: Consider how to earn, spend, share, and save money knowing funds in any scenario are limited (Critical Thinking and Analysis).
2: Determine different choices they can make with their money and how those choices may affect others (Critical Thinking and Analysis).
3: Demonstrate curiosity, imagination, and eagerness to learn more (Creativity/Innovation).
Inquiry Questions
1: How does an individual earn money?
2: What are different methods of payment?
3: Are all items purchased with money?
4: How do charities, non-profits, and other organizations help a community?
Nature and Skills of Personal Financial Literacy
1: Financially capable individuals understand that financial goals can be met through planning. For example: An individual divides income between current expenses, saving for the future, and philanthropic donations.
Disciplinary, Information, and Media Literacy
1: Compare the benefits and costs of individual choices.
2: Identify positive and negative incentives that influence the decisions people make.
3: Explain the role of money in making exchange easier.