Washington
2nd Grade
State Standards
2.SSSpending and Saving
Develop a plan for spending and saving.
1Explain how saving money can improve financial well-being.
2Create a way to keep track of money spent.
3Describe ways that people can decrease expenses to save more of their income.
4Demonstrate how to allocate income for spending, saving, and sharing goals.
5Give an example of how local government uses tax revenues.
Describe how to use different payment methods.
6Explain why people keep money in banks and credit unions.
Apply consumer skills to spending and saving decisions.
7Explain a spending decision based on predetermined criteria for an acceptable outcome and available options.
8Predict how spending choices are influenced by price, advertising, the spending choices of others, and peer pressure.
2.CDCredit and Debt
Analyze the costs and benefits of various types of credit.
1Identify the qualities that would be desirable in a person who borrows a favorite personal possession.
2Construct a list of feasible conditions to set for the use of borrowed personal property.
2.EIEmployment and Income
Explore job and career options.
1Recognize that different jobs require different skills, training, and tools.
2Give examples of careers related to a personal interest.
3Recognize that people form businesses to meet customers' needs while generating income for themselves.
Compare sources of personal income and compensation.
4Identify jobs children can do to earn money.
5Give examples of sources of income other than a wage or salary.
2.IInvesting
2.RMRisk Management and Insurance
Identify common types of risks and basic risk management methods.
1Recognize that risk occurs when there is a chance of harm, either financially or personally.
2Recognize that risk can be avoided or minimized.
3Compare different saving vehicles (e.g., pockets, piggy banks, banks, and credit unions) based on risk of loss.
2.FDFinancial Decision-Making
Recognize the responsibilities associated with personal financial decisions.
1Predict the consequences of spending decisions.
2Analyze money-handling decisions that youth commonly face.
Use reliable resources when making financial decisions.
3List ways to verify a claim expressed in advertising for a product.
Make criterion-based financial decisions by systematically considering alternatives and consequences.
4Differentiate between needs and wants.
5Rank personal wants in order of importance.
6Show the opportunity cost of a decision.
7Compare the costs and benefits when making a decision.
Control personal information.
8List types of personal information that should not be disclosed to others in person or online.
9Apply strategies to protect personal information.