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