Wisconsin
3rd-5th Grades
State Standards
Personal Financial Literacy
FMFinancial Mindset
FM1Students will develop strategies to make intentional financial decisions throughout their lifespan.
FM1.aCritical Consumer
FM1.a.iDescribe the steps in making a purchase (i.e., consumer buying process). Identify items that can be used in making consumer decisions (e.g., comparison shopping skills regarding price or substitutes). Predict the motives of a sales claim and explain how consumers would verify information delivered through a range of advertisements (e.g., digital, print, audio, or product/service reviews).
FM1.bFunctions and Structure of Money
FM1.b.iDescribe the role of money in everyday life.
FM1.cOpportunity Costs
FM1.c.iCompare and contrast the costs and benefits of a decision. Explain that choices may have long-term unintended consequences.
FM2Students will analyze how aspects of financial psychology impact financial well-being.
FM2.aValues and Behavior
FM2.a.iExamine different cultural perspectives and behaviors regarding financial values and goals across communities.
FM2.bEmotional Influences
FM2.b.iDescribe how emotions impact financial decisions.
FM2.cExternal Influences
FM2.c.iExplain ways financial decisions are influenced by external factors.
FM2.dFinancial Goals
FM2.d.iExplain short- and long-term financial goal setting.
EEEducation and Employment
EE1Students will compare the effect of personal income on their goals.
EE1.aCareer Development
EE1.a.iBuild an ongoing awareness of personal abilities, skills, interests, and motivation, and determine how these fit with a chosen career pathway. Compare and contrast occupations relative to personal interests, aptitudes, and potential earnings (i.e., military service, apprenticeship, skilled trades, and professional occupations).
MMMoney Management
MM1Students will demonstrate their ability to use money management skills and strategies.
MM1.aBudgeting
MM1.a.iProvide examples of household expenses and sources of income.
MM1.bFinancial Management
MM1.b.iIdentify age-appropriate ways to save, spend, and give money. Identify the personal information necessary to establish a financial account (e.g., personal details, contact information, and social security number).
MM2Students will utilize financial institutions and service providers to support money management.
MM2.aFinancial Institutions and Service Providers
MM2.a.iIdentify the services and resources that financial institutions provide consumers.
MM2.bPayment Types
MM2.b.iInvestigate multiple ways to pay for goods and services. Compare digital banking methods and cash payments for purchasing goods and services. Identify methods to prove income has been received and payment has been made.
MM2.cAlternative Financial Currency
MM2.c.iDifferentiate between debit- and credit-types of financial currency.
SISaving and Investing
SI1Students will explore savings concepts and apply this knowledge to attain financial security.
SI1.aSaving Principles
SI1.a.iDescribe reasons why people save money. Explain the phrase pay yourself first.
SI1.bSavings Types and Features
SI1.b.iDescribe why a person deposits money into a financial institution. Describe characteristics of a secure savings account.
SI1.cSaving Goal Planning
SI1.c.iIdentify steps to reach a savings goal. Explain how people make spending and saving choices to meet personal savings goals.
SI1.dSaving Risk and Reward
SI1.d.iCompare types of risks and rewards when saving (e.g., no loss of principal, interest-bearing).