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