Kindergarten students identify ways to earn income, how income meets one's wants and needs, list skills required for jobs, determine the differences between wants and needs and money received as gifts and income.
In First Grade
First grade students define money earned as income, identify income as a means of obtaining goods and services, distinguish between spending and saving, and discuss charitable giving.
In Second Grade
Second grade students will calculate how money saved can accumulate into a larger amount over time, explain that saving is an alternative to spending, determine the differences between a deposit and a withdrawal, identify examples of responsible and irresponsible borrowing, understand lending and the benefits and costs of borrowing money to someone, differentiate between producers and consumers, and calculate the cost to produce a single item.