choices. SS.4.FL.2.7 Planning for Create a budget Buying Goods Social 4 Financial spending can for a set amount and Services Studies Literacy help people of allowance make informed income that choices. Develop includes expenses a budget plan for (buying of goods spending, saving, and services) and and managing savings. income. SS.4.FL.3.1 Identify ways Explain the Saving Social 4 Financial that income is difference Studies Literacy saved, spent on between saving goods and and spending and services, or used give examples of to pay taxes. each. SS.4.FL.3.2 Explain that Describe what a Saving Social 4 Financial when people person gives up Studies Literacy save money, they when he or she give up the deposits $20 into opportunity to a savings account. buy things now in order to buy things later. SS.4.FL.3.3 Identify ways Draw a picture Saving Social 4 Financial that people can identifying the Studies Literacy choose to save different places money in many where people can places—for save their money. example, at home in a piggy bank or at a commercial bank, credit union, or savings and loan. SS.4.FL.3.4 Identify savings Read a Saving Social 4 Financial children’s goals people set book and identify Studies Literacy as incentives to a character’s save. One savings goal and savings goal whether the might be to buy character meets goods and the savings goal. services in the
choices. SS.4.FL.2.7 Planning for spending can help people make informed choices. Develop a budget plan for spending, saving, and managing income. Create a budget for a set amount of allowance income that includes expenses (buying of goods and services) and savings. Buying Goods and Services Social Studies 4 Financial Literacy SS.4.FL.3.1 Identify ways that income is saved, spent on goods and services, or used to pay taxes. Explain the difference between saving and spending and give examples of each. Saving Social Studies 4 Financial Literacy 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. Describe what a person gives up when he or she deposits $20 into a savings account. Saving Social Studies 4 Financial Literacy 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. Draw a picture identifying the different places where people can save their money. Saving Social Studies 4 Financial Literacy 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 Read a children’s book and identify a character’s savings goal and whether the character meets the savings goal. Saving Social Studies 4 Financial Literacy
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