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Level 1 National Standards Lesson 1: Understanding My Money Voluntary National Content Standards in Economics (National Council on Economics Education) Standard 5: Gain From Trade Voluntary exchange occurs only when all participating parties expect to gain. This is true for trade among individuals or organizations within a nation, and among individuals or organizations in different nations. Standard 11: The Role of Money Money makes it easier to trade, borrow, save, invest, and compare the value of goods and services. Lesson 2: Getting My Money Jump$tart Coalition’s National Standards in K-12 Personal Finance Education Financial Responsibility and Decision Making Standard 1: Take responsibility for personal financial decisions. Standard 4: Make financial decisions by systematically considering alternatives and consequences. Standard 5: Develop communication strategies for discussing financial issues. Income and Careers Standard 2: Identify sources of personal income. Credit and Debt Standard 3: Describe ways to avoid or correct debt problems. Lesson 3: Saving My Money Voluntary National Content Standards in Economics (National Council on Economics Education) Standard 10: Role of Economic Institutions Institutions evolve in market economies to help individuals accomplish their goals. Banks, labor unions, corporations, legal systems, and not-for-profit organizations are examples of important institutions. A different kind of institution, clearly defined and enforced property rights, is essential to a market economy. Jump$tart Coalition’s National Standards in K-12 Personal Finance Education Financial Responsibility and Decision Making Standard 12: Take responsibility for personal finance decisions. Planning and Money Management Standard 1: Develop a plan for spending and saving. Saving and Investing Standard 1: Discuss how saving contributes to financial well-being. Lesson 4: Sharing My Money Jump$tart Coalition’s National Standards in K-12 Personal Finance Education Planning and Money Management Standard 1: Develop a plan for spending and saving. Standard 5: Consider charitable giving. Lesson 5: Spending My Money Jump$tart Coalition’s National Standards in K-12 Personal Finance Education Financial Responsibility and Decision Making Standard 1: Take responsibility for personal financial decisions. Standard 4: Make financial decisions by systematically considering alternatives and consequences. Standard 5: Develop communication strategies for discussing financial issues. Planning and Money Management Standard 1: Develop a plan for spending and saving. Standard 4: Apply consumer skills to purchase decisions.
