Washington
5th Grade
State Standards
5.SSSpending and Saving
Develop a plan for spending and saving.
1Recognize how spending priorities reflect goals and personal values.
2List the components of a personal spending plan, including income, planned saving, and expenses.
3Name saving strategies, including pay yourself first and comparison shopping.
4State the advantages and disadvantages of saving for financial goals.
Apply consumer skills to spending and saving decisions.
5Analyze how external factors, such as marketing and advertising techniques, might influence spending decisions for different individuals.
5.CDCredit and Debt
5.EIEmployment and Income
Explore job and career options.
1Identify individuals who could provide positive job references.
2Complete a part-time job application.
Compare sources of personal income and compensation.
3Explain the difference between earned and unearned income and give an example of each.
4Give an example of a situation that qualifies for a government transfer payment.
5Explore how local government services assist people.
5.IInvesting
Evaluate investment alternatives.
1Describe what a company is and what it does.
Demonstrate how to buy and sell investments.
2Demonstrate how to open a basic deposit account at a financial institution.
5.RMRisk Management and Insurance
5.FDFinancial Decision-Making
Recognize the responsibilities associated with personal financial decisions.
1Analyze money-handling decisions that youth commonly face.
2Compare the benefits of financial responsibility with the consequences of financial irresponsibility.
3Predict how influences such as current fashion trends, peer pressure, and procrastination can affect financial decisions.
Use reliable resources when making financial decisions.
4Analyze the strengths and weaknesses of various online and printed sources of product information.
5Examine the data used in an advertising claim.
6Determine whether information sources are accurate and reliable when comparing products and services.
7Investigate types of consumer fraud, including online scams and phone solicitations.
Make criterion-based financial decisions by systematically considering alternatives and consequences.
8Apply systematic decision-making to setting and achieving financial goals.
9Prioritize personal financial goals.
10Determine the cost of achieving a financial goal.
11Evaluate the results of a financial decision.
12Give examples of how decisions made today can affect future opportunities.
Apply communication strategies when discussing financial issues.
13Analyze how discussing financial matters with household members could help reduce conflict.
14Assess differences in peers' personal values and attitudes about money.
15Demonstrate how to negotiate a fee for services such as babysitting or lawn care.
Analyze the requirements of contractual obligations.
16Categorize the types of rights and responsibilities typically found in employee handbooks.
17Devise a hypothetical family agreement that establishes the terms of use of a personal item.
Control personal information.
18Apply strategies for creating and maintaining strong online passwords.
19List ways to use social media safely.