In Third Grade
Third grade students determined the value of a collection of coins and bills, explained the connection between human capital/labor and income, described availability and scarcity and the impact on cost, explained credit, responsible borrowing, and reasons to save.
In Fourth Grade
In fourth grade, students distinguish between fixed and variable expenses, calculate profit, describe the purposes of financial institutions, compare various savings options, and how to allocate weekly allowance.
In Fifth Grade
Fifth grade students define income tax, payroll tax, sales, tax, and property tax, explain the differences between gross and net incomes, describe how to balance a budget, identify different methods of payments, and a develop a system for keeping and using financial records.