Topics Scaffolding Chart K-4
Kindergarten
Earning Income
Grade 1
Earning Income
Grade 2
Earning Income
Grade 3
Earning Income
Grade 4
Earning Income
What is money?
Exchanging Money for Goods
and Services
Using Interests and Talents in
Choosing a Job
Service Jobs vs. Production Jobs
Importance of Money
Why People Choose Particular
Jobs
(Lesson Plan: What is MoneyIncome:
http://www.scholastic.com/browse
/lessonplan.jsp?id=370 )
SS.4.FL.1.1 People have many
different types of jobs from which
to choose. Identify different jobs
requiring people to have different
skills.
How Money is Used
(Video: What is a Job?
https://www.youtube.com/watch?
v=ihhmDFdsUE4)
Different Types of Jobs
Buyers, Sellers, and Producers
(Lesson Plan: Sorting Money
http://financeintheclassroom.org/p
assport/kindergarten/social_studi
es.shtml#sorting )
(Lesson Plan Understanding
Money:
http://www.practicalmoneyskills.c
om/foreducators/lesson_plans/lev
_1/4_complete.pdf
Earning Money ( i.e. regular
allowance or earnings from
special household tasks.)
Why People Have Jobs
(Lesson Plan: We Can Earn
Money
http://www.econedlink.org/lesson
s/index.php?lid=465&type=educa
tor )
Topic(s):
Choosing A Job
Different jobs- Different Skills
(Money Instructor Lesson Plan:
Earning Money:
http://www.moneyinstructor.com/l
esson/earnmoney.asp)
Employees and Employers
(Lesson Plan Jobs:
http://tcaassets.org/public/lessonplans/grade-one-jobs.pdf )
Income from Jobs
Getting Hired by an Employer
SS.4.FL.1.2 People earn an
income when they are hired by an
employer to work at a job.
Explain why employers are willing
to pay people to do their work.
Topic(s):
Why Employers Pay People to
Work
What Is income?
How People Earn Income.
Different forms of income.
Wages, Salaries, and
Commissions.
SS.4.FL.1.3 Workers are paid for
their labor in different ways such
as wages, salaries, or
commissions. Explain the ways
in which workers are paid.
Topic(s):
How Waitresses, Teachers, and
Realtors are paid Differently
Jobs with Commissions
Jobs with Commissions vs. Jobs
with Salaries
XX
XX
What is interest?
Earning Interest Income
SS.4.FL.1.4 People can earn
interest income from letting other
Kindergarten
Grade 1
Grade 2
Earning Interest
Money in the Bank!
Grade 3
(Lesson Plan: Money, Kids &
Cash- Interest
http://financeintheclassroom.org/d
ownloads/kidsandcash.pdf )
Grade 4
people borrow their money.
Explain why banks and financial
institutions pay people interest
when they deposit their money at
those institutions.
Topic(s):
Why banks Pay Interest
(Lesson Idea-Plan: Introduction
to Earning Interest Worksheet
http://www.moneyinstructor.com/
wsp/wsp0039.asp )
XX
XX
What is Renting?
Earning Rental Income
SS.4.FL.1.5 People can earn
income by renting their property
to other people. Identify different
types of property (such as
apartments, automobiles, or
tools) that people own and on
which rent is paid.
Topic(s):
Income from Property that Has
Rental Value
Things I Own
Owning a Business
What is profit?
How Businesses Make a Profit
SS.4.FL.1.6 Describe ways that
people who own a business can
earn a profit, which is a source of
income.
Topic(s):
Business Owners: Expenses;
Profit; and Income
What is a business?
What is an Entrepreneur?
Why People Become
Entrepreneurs
Risks involved in being an
Entrepreneur
(Lesson Plan: Open for Business
– Risks and Rewards of
Entrepreneurship
http://www.econedlink.org/teache
r-lesson/920 )
SS.4.FL.1.7 Entrepreneurs are
people who start new businesses.
Entrepreneurs do not know if their
new businesses will be
successful and earn a profit.
Identify ways in which starting a
business is risky for
entrepreneurs.
Topic(s):
Entrepreneurs: Risk vs. Reward
Kindergarten
XX
Grade 1
XX
Grade 2
Grade 3
What is a Tax?
Income Tax
(Lesson Plan: Taxes Just Aren’t
Fair
http://teachers.net/lessons/posts/
3874.html )
The “What” and “Why” of Income
Tax
(Worksheet: Calculating Mike’s
Pay
http://fffl.councilforeconed.org/doc
uments/978-1-56183-692-5activity-lesson-03.pdf
Answer Key
http://fffl.councilforeconed.org/doc
uments/978-1-56183-692-5visual-lesson-03.pdf )
Grade 4
(Federal Reserve Lesson Plan:
Lemonade Stand –
Entrepreneurism
http://financeintheclassroom.org/d
ownloads/kidsandcash.pdf )
SS.4.FL.1.8 Income earned from
working and most other sources
of income are taxed. Describe
ways that the revenue from these
taxes is used to pay for
government provided goods and
services.
Topic(s):
Goods and Services Provided by
Tax Money
Taxes and Government Services
Benefits of Tax Revenue
(Lesson Plan Taxes: Cowboy
Bob Builds a Community
http://www.econedlink.org/lesson
s/index.php?lid=665&type=educa
tor# )
Buying Goods and Services
Buying Goods and Services
Buying Goods and Services
Buying Goods and Services
Buying Goods and Services
Wants vs. Needs
What Do You Want to Buy?
What are “Goods?”
What are “Services?”
Goods and Services- What is the
difference?
Buyers
Economic Wants
Consumers Use Goods and
Services
Buying Goods and Services
SS.4.FL.2.1 Explain that
economic wants are desires that
can be satisfied by consuming a
good, a service, or a leisure
activity.
Understanding “Wants”
(Lesson Plan: All I Really Need
http://www.uen.org/Lessonplan/pr
eview?LPid=25968 )
Spending Money on Leisure
Activities
How Buyers and Sellers Interact
Topic(s):
Ways to Satisfy Economic Wants
(Lesson Plan: Goods and
Services
http://www.econedlink.org/lesson
s/index.php?lid=642&type=educa
tor )
What Do You Want?
Choosing What I Want Most
Money is Limited: Choose
Carefully
Things to Think About Before
Spending Money
Thoughtful Money Choices vs.
Later Regret
Goals Help Us Make Choices
Be Careful: You Can Only Spend
that Money Once
SS.4.FL.2.2 Explain that people
make choices about what goods
and services they buy because
they can’t have everything they
want. This requires individuals to
Kindergarten
Grade 1
(Lesson Plan: Yard Sale –
Spending Decisions
http://www.moneymanagement.or
g/Budgeting-Tools/Credit-LessonPlans/Yard-Sale.aspx )
Grade 2
(Scholastic Spending Goals
Activity Sheet:
http://content.scholastic.com/cont
ent/collateral_resources/pdf/08/T
EANOV08_022.pdf )
Grade 3
Grade 4
prioritize their wants.
Topic(s):
Prioritize Your Wants
Narrow that Shopping List
(Lesson Plan: Spending
Decisions
http://www.practicalmoneyskills.c
om/foreducators/lesson_plans/lev
_1/1_complete.pdf )
What Do I Want?
Not Everyone Wants a Baseball
What’s at the Top of Your List?
Identify Wants and Rank Them in
Order of Importance
People Have Different Needs and
Wants
Why People Spend Money
Class “Wants” Survey
SS.4.FL.2.3 Identify some of the
ways that people spend a portion
of their income on goods and
services in order to increase their
personal satisfaction or
happiness.
Topic(s):
Buying Goods and Services for
Personal Satisfaction or
Happiness.
Different People- Different
Spending Choices
Making Choices – You Can’t
Have Everything!
Giving Up One Thing for Another
What is Opportunity Cost?
Opportunity Cost: Weigh the
Alternatives
(Lesson Plan: What Pet Should I
Get?
http://www.econedlink.org/teache
r-lesson/1263 )
(Lesson Plan: Opportunity Cost
http://www.econedlink.org/teache
r-lesson/1289 )
(Lesson Plan Opportunity Choice:
Everyday Opportunities
http://www.econedlink.org/lesson
s/index.php?lid=738&type=educa
tor# )
SS.4.FL.2.4 Discuss that
whenever people buy something,
they incur an opportunity cost.
Opportunity cost is the value of
the next best alternative that is
given up when a person makes a
choice.
Topic(s):
Opportunity Cost: Choosing the
Best Alternative
Good Choice: But What is the
Cost?
(Lesson Plan – Opportunity Cost:
Uncle Jed’s Barber Shop
file:///C:/Users/Sharon/Downloads
/UncleJedsBarbershop.pdf )
Kindergarten
What does it Cost?
Grade 1
Benefits of Spending
Grade 2
Comparing Costs and Benefits
(Lesson Plan: Every Penny
Counts
http://www.econedlink.org/teache
r-lesson/461 )
Grade 3
Consider the wider
consequences of economic
decisions
Explore Economic Decisionmaking
Grade 4
SS.4.FL.2.5 Explain that costs
are things that a decision maker
gives up; benefits are things that
a decision maker gains. Make an
informed decision by comparing
the costs and benefits of
spending alternatives.
Alternate Choices
Topic(s):
Components of Informed
Economic Decision Making
Comparing Costs and Benefits of
Spending Alternatives
Not Everything Costs the Same
Different Goods or Services have
Different Prices.
How Price Affects Spending
Choices
How Advertising Affects
Spending Choices
Which Costs More?
Peer Pressure Spending (But
Mom, Everyone I Know Has One)
SS.4.FL.2.6 Predict how people’s
spending choices are influenced
by prices as well as many other
factors, including advertising, the
spending choices of others, and
peer pressure.
Topic(s):
Do Role Models Affect Spending
Choices?
Factors That Influence Spending
Choices
How Shopping Lists Help
Consumers
Planning Helps People Make
Choices About Spending
What is a budget?
Balancing Income and Expenses:
Make a Plan
Budgets and Planning
What is a Balanced Budget
SS.4.FL.2.7 Planning for
spending can help people make
informed choices. Develop a
budget plan for spending, saving,
and managing income.
Topic(s):
Create a Spending Plan
Managing Income Wisely
Saving
Saving
Saving
Saving
Saving
Now and Later (Concept)
Importance of Saving Money
Benefits and Costs of Saving
Saving for Future Needs and
Wants
SS.4.FL.3.1 Identify ways that
income is saved, spent on goods
and services, or used to pay
taxes.
Saving Money
Benefits and Costs of Spending
Spend Now or Save for Later
Saving in Case of Emergency
Kindergarten
Spending Money
(Lesson Plan: Using Money
Wisely – Saving for Freckles
http://www.moneyinstructor.com/l
esson/savingfreckles.asp )
Grade 1
Grade 2
(Lesson Plan: Introduction to
Saving and Spending
http://www.tdbank.com/wowzone/
lessons/GrK-1Lesson1.pdf
Grade 3
Saving vs. Spending
Grade 4
Topic(s):
Income: Saved or Spent, or Used
to Pay Taxes
Benefits of Saving
Explaining the Difference
Between Saving and Spending
Saving for Something I Want
Choosing to Save Money
Reasons for Saving Money
Waiting to Buy What We Want
(Lesson Plan: Why We Save
http://ecedweb.unomaha.edu/less
ons/saveK-2.pdf )
Giving Up to Save for the Future
SS.4.FL.3.2 Explain that when
people save money, they give up
the opportunity to buy things now
in order to buy things later.
Topic(s):
Buy Now or Buy Later: The Cost
of Future Purchases
What You Give Up to Put $50 in a
Savings Account
A Safe Place to Keep My Savings
at Home
Keeping My Savings in a Safe
Place
Keeping My Savings in a Bank
Where Shall I Keep My Savings
(Lesson Plan: Checking Accounts
and Alternative Banking Methods
http://www.tdbank.com/wowzone/
lessons/Gr2-3Lesson3.pdf )
SS.4.FL.3.3 Identify ways that
people can choose to save
money in many places—for
example, at home in a piggy bank
or at a commercial bank, credit
union, or savings and loan.
Topic(s):
Savings Options: Home; Bank;
Credit Union; Savings and Loan
Identify Different Places Where
People Can Save Their Money
(Interactive Site: Hands On
Banking for Kids
http://www.handsonbanking.org/h
tdocs/en/k/ )
Setting Goals
Can You Think of Savings Goal?
Why Savings Goals are Important
How to Set Your Savings Goals
Create a Savings Plan
SS.4.FL.3.4 Identify savings
goals people set as incentives to
save. One savings goal might be
to buy goods and services in the
future.
Kindergarten
Grade 1
Grade 2
Grade 3
Grade 4
Topic(s):
Savings Goals: Incentives to
Save
Step By Step: Planning to Reach
My Savings Goal
What is a Bank?
Keeping Your Money Safe
Why Put Your Savings in a Bank
Putting Savings in a Bank
Banks and Financial Institutions
Keep Your Money Safe
(Lesson Plan: Savings Accounts
and Interest
http://www.takechargeamerica.or
g/wpcontent/themes/tca/pdfs/teachingresources/grade-one-savingsaccounts-and-interest.pdf )
Different Financial Institutions for
Saving
Banks and Financial Institutions
Help Your Savings Grow
(Lesson Plan: Saving
http://www.takechargeamerica.or
g/wpcontent/themes/tca/pdfs/teachingresources/grade-three-saving.pdf
)
SS.4.FL.3.5 Explain that when
people deposit money into a bank
(or other financial institution), the
bank may pay them interest.
Banks attract savings by paying
interest. People also deposit
money into banks because banks
are safe places to keep their
savings.
Topic(s):
Banks and Financial Institutions
Pay Interest on Your Savings
Advantages of a Savings Account
Using Credit
Using Credit
Using Credit
Using Credit
Borrowing
Borrowers and Lenders
What is Interest?
Advantages and Disadvantages
of Borrowing Money
Returning What You Borrow
Borrowing Has Responsibilities
Paying Interest on Borrowed
Money
Cash vs. Credit
(Discovery Education Lesson
Plan: Money: Kids and Cash –
Interest
http://www.discoveryeducation.co
m/teachers/free-lessonplans/money-kids-and-cash.cfm )
Examples of Borrowing
Being a Good Borrower
Making Purchases Without Cash
What is credit?
Savings Account or Piggy Bank:
Which is the Better Way to Save?
(Lesson Plan Big Banks, Piggy
Banks
http://www.econedlink.org/lesson
s/index.php?lid=455&type=educa
tor# )
Using Credit
SS.4.FL.4.1 Discuss that interest
is the price the borrower pays for
using someone else’s money.
Topic(s):
Borrowing Money: Terms and
Conditions
The Cost of Borrowing Money
Advantages and Disadvantages
of Buying with Credit
Repaying the Lender Over Time
Credit Buying Has Risks
SS.4.FL.4.2 Identify instances
when people use credit, that they
receive something of value now
and agree to repay the lender
Kindergarten
Grade 1
Grade 2
(Lesson Plan with Interactive
story covering- loans, interest,
credit card debt: Giving Vicki
Credit
http://financeintheclassroom.org/p
assport/second/social_studies.sht
ml#vicki )
Grade 3
Goods and Services Often
Purchased with a Loan
(Lesson Plan: Debt
http://www.takechargeamerica.or
g/wpcontent/themes/tca/pdfs/teachingresources/grade-three-debt.pdf )
Grade 4
over time, or at some date in the
future, with interest.
Topic(s):
Buy Now – Pay Later
Buying with Credit Costs Money
Buying with Credit Has
Responsibilities
Financial Investing
Financial Investing
Financial Investing
Financial Investing
Financial Investing
XX
XX
What is Investing?
Benefits of Investing
SS.4.FL.5.1 Explain that after
people have saved some of their
income, they must decide how to
invest their savings so that it can
grow over time.
Different Ways to Invest Money
(Investor.gov Suggested
Activities: How To Save and
Invest
http://investor.gov/outreach/teach
ers/classroom-resources/howsave-invest )
Topic(s):
Choosing the Best Investment
Saving vs. Investing: What’s the
Difference
(Lesson Plan Saving and
Investing:
http://www.practicalmoneyskills.c
om/foreducators/lesson_plans/lev
_2/3_comp.pdf )
XX
XX
Financial Investments
Investing in the Stock Market
Reasons for Investing
How the Stock Market Works
(Investor.gov Suggested
Activities: Why Save and Invest
http://investor.gov/outreach/teach
ers/classroom-resources/whysave-invest )
Different Types of Financial
Investments
SS.4.FL.5.2 Explain that a
financial investment is the
purchase of a financial asset
such as a stock with the
expectation of an increase in the
value of the asset and/or increase
in future income.
Topic(s):
Investments: Making Your Money
Work for You
Financial Investments Have Risks
Risk vs. Reward
Kindergarten
Protecting and Insuring
Grade 1
Protecting and Insuring
Grade 2
Protecting and Insuring
Grade 3
Protecting and Insuring
Grade 4
Protecting and Insuring
What is a Risk?
Safe and Unsafe Risks
Consequences of Risk-Taking
Strategies to Lower Risk
SS.4.FL.6.1 Explain that risk is
the chance of loss or harm.
Choices That Lower Risk
Topic(s):
Activities With Risks: How to Stay
Safe
(Sunny Money Ideas and
Activities Correlated to NGSSSSS Financial Literacy Protecting
and Insuring 6.1-6.4
http://sunnymoney.weebly.com/pr
otecting-and-insuring.html )
Accidents
Safe Choices Help Avoid
Accidents
Accidents and Unexpected
Events
Daily Risks
Natural Disasters
SS.4.FL.6.2 Explain that risk from
accidents and unexpected events
is an unavoidable part of daily
life.
Topic(s):
How Accidents and Unexpected
Events Affect People
Staying Safe
Why Wear a Bicycle Helmet?
Staying Safe When Crossing
Streets
Staying Safe at Home
Be Careful: Ways to Protect
Yourself
Planning Helps Avoid Risks
Potential Harm From Risk-Taking
Think Before You Act!
(Ways for Kids to Play it Safe:
http://www.tdi.texas.gov/kids/kids
safety.html )
What is an Emergency?
Losses from Emergencies and
Unexpected Events
Topic(s):
Choices: Accept Risk or Protect
Yourself
Avoiding or Reducing risk.
Saving For Emergencies
Loss of Ability to Earn Income
Cost of Accidents and
Unexpected Events
Loss of Personal Property
(What is a Disaster?
http://www.tdi.texas.gov/kids/kids
disaster.html )
SS.4.FL.6.3 Describe ways that
individuals can either choose to
accept risk or take steps to
protect themselves by avoiding or
reducing risk.
SS.4.FL.6.4 Discuss that one
method to cope with unexpected
losses is to save for
emergencies.
Topic(s):
Saving for “A Rainy Day”
Coping with Unexpected Losses
Emergency Savings Help People
Kindergarten
Grade 1
Grade 2
Grade 3
Grade 4
Deal With Unexpected Losses
(Lesson Plan- Understanding and
Managing Risk
http://www.pwc.com/us/en/aboutus/corporateresponsibility/corporateresponsibility-report2011/community/financialliteracy-curriculum-pdfs/8-riskmanagement-3-5/1-pwc-riskmanagement-3-5-lesson.pdf )