Ohio
K-3rd Grades
State Standards
Financial Literacy
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.
1.1: Choices can be made with your money. Choices include spending, saving and donating. Money can also be saved in financial institutions.
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.
2.1: 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.
3: People may receive money as gifts, allowance or income. People earn income by working.
3.1: People may receive money as gifts, allowance or income. People earn income by working.
Planning and Money Management
4: Financial responsibility includes the development of a spending and savings plan (personal budget).
4.1: Financial responsibility includes the development of a spending and savings plan (personal budget).
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.
5.1: An informed consumer makes decisions on purchases that may include a decision-making strategy to determine if purchases are within their budget.
Credit and Debt
6: Recognize that money is needed to purchase goods and services.
6.1: Recognize that money is needed to purchase goods and services.
7: Borrowing includes at least two people who agree to a transaction. There are responsibilities with borrowing.
7.1: Borrowing includes at least two people who agree to a transaction. There are responsibilities with borrowing.
Risk Management and Insurance
8: Individuals must protect their identity, money and property.
8.1: Individuals must protect their identity, money and property.