Ohio
4th-5th Grades
State Standards
Financial Literacy
Financial Responsibility and Decision Making
1: People have limited resources and must prioritize their needs and wants. Saving and/or investing a percentage of income contributes to an individual's financial well-being. Professionals can help individuals determine financial goals.
1.1: People have limited resources and must prioritize their needs and wants. Saving and/or investing a percentage of income contributes to an individual's financial well-being. Professionals can help individuals determine financial goals.
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. Incomes can vary based on knowledge, skills and experiences.
3.1: People may receive money as gifts, allowance or income. Incomes can vary based on knowledge, skills and experiences.
4: Recognize that people pay taxes on the money they earn. Money collected from taxes is used to provide local, state and national government services.
4.1: Recognize that people pay taxes on the money they earn. Money collected from taxes is used to provide local, state and national government services.
Planning and Money Management
5: Financial responsibility includes the development of a spending and savings plan (personal budget).
5.1: Financial responsibility includes the development of a spending and savings plan (personal budget).
Informed Consumer
6: An informed consumer makes decisions on purchases that may include a decision-making strategy to determine if purchases are within their budget.
6.1: 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
7: Examine the different ways that people pay for goods and services.
7.1: Examine the different ways that people pay for goods and services.
8: People may have to borrow money for large purchases. There are financial responsibilities with borrowing.
8.1: People may have to borrow money for large purchases. There are financial responsibilities with borrowing.
9: Saving today can help meet future goals, including education.
9.1: Saving today can help meet future goals, including education.
Risk Management and Insurance
10: Individuals must protect their identity, money and property.
10.1: Individuals must protect their identity, money and property.