Colorado
2nd Grade
State Standards
Personal Financial Literacy
8Apply economic reasoning skills to make informed personal financial decisions.
FL.2.5.1Investigate costs and benefits to make informed financial decisions.
aAssess priorities when making financial decisions.
bClassify financial goals. For example: A need or want, or short-term or long-term goals.
cRecognize that different goods and services have different monetary values.
dAcknowledge that financial priorities vary among people and communities for goods and services. For example: Going to the hairdresser, buying brand name items.
ePredict positive and negative consequences when making financial decisions. For example: If... Then... decision making.
fSolve 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
1Identify consequences (positive and negative) of a financial decision (Critical Thinking and Analysis).
2Understand how to reduce risk depending on the financial choices they make (Critical Thinking and Analysis).
3Demonstrate an understanding of cause and effect related to different financial decisions (Critical Thinking and Analysis).
Inquiry Questions
1What is a financial goal?
2What strategies can help individuals achieve their financial goals?
3What influences your financial goals and priorities?
4How do individuals analyze the positive and negative consequences of financial decisions?
5How can I use my math skills and strategies to help me make financial decisions?
Nature and Skills of Personal Financial Literacy
1Financially capable individuals use good decision-making tools in planning their spending and saving.
2Financially capable individuals make financial decisions based on responsible evaluation of the consequences.
3Financially 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
1Report 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.
2Compare the benefits and costs of individual choices.
3Identify positive and negative incentives that influence the decisions people make.
4Present arguments or information in a logical sequence with a clear claim, supportive evidence, and effective presence that builds credibility.