In First Grade
First grade students defined money earned as income, identified income as a means of obtaining goods and services, distinguished between spending and saving, and discussed charitable giving.
In Second Grade
Second grade students 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.
In Third Grade
Third grade students determine the value of a collection of coins and bills, explain the connection between human capital/labor and income, describe availability and scarcity and the impact on cost, explain credit, responsible borrowing, and reasons to save.