Colorado
3rd Grade
State Standards
Personal Financial Literacy
8: Apply economic reasoning skills to make informed personal financial decisions.
FL.3.5.1: Create a plan to meet a financial goal.
Students Can
a: Give examples of short-term spending and savings goals.
b: Identify activities that individuals can do to earn money to reach personal financial goals.
c: Differentiate the role of income and expenses when creating a budget.
d: Create a plan with specific steps to reach a short-term financial goal.
e: Model strategies to achieve a personal financial goal using arithmetic operations.
Colorado Essential Skills
1: Use a variety of strategies to achieve a financial goal, such as buying a new toy (Critical Thinking and Analysis).
2: Demonstrate flexibility, imagination, and inventiveness in taking on tasks and activities that will help reach a financial goal (Creativity and Innovation).
3: Set goals and develop strategies to remain focused on learning and reaching financial goals (Perseverance and Resilience).
4: Recognize how members of a community rely on each other, considering personal contributions as applicable, when creating and completing a plan to reach a financial goal (Collaboration and Teamwork).
5: Demonstrate an understanding of cause and effect related to personal decisions they make regarding reaching a financial goal (Critical Thinking and Analysis).
6: Articulate task requirements and identify deadlines when developing a plan to meet a financial goal (Self-Management).
Inquiry Questions
1: What would happen if an individual spent all earnings on entertainment?
2: Why do individuals give away money?
3: Why is personal financial goal setting important?
4: How does an individual know when a good short-term goal is well-written?
Nature and Skills of Personal Financial Literacy
1: Financially capable individuals create goals and work toward meeting them.
2: Financially capable individuals understand the cost and the accountability associated with borrowing.
3: Financially capable individuals understand that personal financial goal setting is a lifelong activity and short-term goal setting is essential to that process. For example: Saving for a fish aquarium or skateboard.
4: Financially capable individuals understand that an analysis of various options for borrowing and creating short- and long-term goals is a lifelong skill.
Disciplinary, Information, and Media Literacy
1: Compare the benefits and costs of individual choices.
2: Identify positive and negative incentives that influence the decisions people make.
3: Analyze different texts (including experiments, simulations, video, or multimedia texts) to compare competing theories, points of view, and arguments in the discipline.