Financial Responsibility And Decision Making

  • 1.

    Choices can be made with your money. Choices include spending, saving and donating. Money can also be saved in financial institutions.K-3.1

  • 2.

    Competencies (knowledge and skills), commitment (motivation and enthusiasm), competition (globalization and automation), training, work ethic, abilities and attitude are all factors impacting one's earning potential and employability.K-3.2

  • 3.

    People may receive money as gifts, allowance or income. People earn income by working.K-3.3

Planning And Money Management

  • 4.

    Financial responsibility includes the development of a spending and savings plan (personal budget).K-3.4

Informed Consumer

  • 5.

    An informed consumer makes decisions on purchases that may include a decision-making strategy to determine if purchases are within their budget.K-3.5

Credit And Debt

  • 6.

    Recognize that money is needed to purchase goods and services.K-3.6

  • 7.

    Borrowing includes at least two people who agree to a transaction. There are responsibilities with borrowing.K-3.7

Risk Management And Insurance

  • 8.

    Individuals must protect their identity, money and property.K-3.8

Investing

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    Investing

Frequently asked questions

What grade levels do these standards cover?
Grade 1, Grade 2, Grade 3, and Kindergarten
When were these standards adopted?
2019
Where can I read the official document?
Ohio's Model Curriculum: Financial Literacy