Colorado
2nd Grade
State Standards
Personal Financial Literacy
8: Apply economic reasoning skills to make informed personal financial decisions.
FL.2.5.1: Investigate costs and benefits to make informed financial decisions.
a: Assess priorities when making financial decisions.
b: Classify financial goals. For example: A need or want, or short-term or long-term goals.
c: Recognize that different goods and services have different monetary values.
d: Acknowledge that financial priorities vary among people and communities for goods and services. For example: Going to the hairdresser, buying brand name items.
e: Predict positive and negative consequences when making financial decisions. For example: If... Then... decision making.
f: Solve simple financial word problems to aid in making financial decisions. For example: A video game costs $20. If I earn $5 per week in allowance, I will need to save for ____ weeks to earn enough money.
Colorado Essential Skills
1: Identify consequences (positive and negative) of a financial decision (Critical Thinking and Analysis).
2: Understand how to reduce risk depending on the financial choices they make (Critical Thinking and Analysis).
3: Demonstrate an understanding of cause and effect related to different financial decisions (Critical Thinking and Analysis).
Inquiry Questions
1: What is a financial goal?
2: What strategies can help individuals achieve their financial goals?
3: What influences your financial goals and priorities?
4: How do individuals analyze the positive and negative consequences of financial decisions?
5: How can I use my math skills and strategies to help me make financial decisions?
Nature and Skills of Personal Financial Literacy
1: Financially capable individuals use good decision-making tools in planning their spending and saving.
2: Financially capable individuals make financial decisions based on responsible evaluation of the consequences.
3: Financially capable individuals make purchase decisions based on such things as quality, price, and personal goals. For example: You decide whether to spend money on candy or the movies.
Disciplinary, Information, and Media Literacy
1: Report on a topic or text, tell a story, or recount an experience with appropriate facts and relevant, descriptive details, speaking clearly at an understandable pace.
2: Compare the benefits and costs of individual choices.
3: Identify positive and negative incentives that influence the decisions people make.
4: Present arguments or information in a logical sequence with a clear claim, supportive evidence, and effective presence that builds credibility.