In Second Grade
Second grade students calculated how money saved can accumulate into a larger amount over time, explained that saving is an alternative to spending, determined the differences between a deposit and a withdrawal, identified examples of responsible and irresponsible borrowing, understood lending and the benefits and costs of borrowing money to someone, differentiated between producers and consumers, and calculated the cost to produce a single item.
In Third Grade
Third grade students determine the value of a collection of coins and bills, explain the connection between human capital/labor and income, describe availability and scarcity and the impact on cost, explain credit, responsible borrowing, and reasons to save.
In Fourth Grade
In fourth grade, students distinguish between fixed and variable expenses, calculate profit, describe the purposes of financial institutions, compare various savings options, and how to allocate weekly allowance.