Grades 2 3 Personal Financial Literacy The PFL

Grades 2 & 3 Personal Financial Literacy

The PFL Math TEKS Personal financial literacy. The student applies mathematical process standards to manage one’s financial resources effectively for lifetime financial security. Grade 2 • 2. 11 A calculate how money saved can accumulate into a larger amount over time • 2. 11 B explain that saving is an alternative to spending • 2. 11 C distinguish between a deposit and a withdrawal • 2. 11 D identify examples of borrowing and distinguish between responsible and irresponsible borrowing 2

The PFL Math TEKS Personal financial literacy. The student applies mathematical process standards to manage one’s financial resources effectively for lifetime financial security. Grade 2 • 2. 11 E identify examples of lending and use concepts of benefits and costs to evaluate lending decisions • 2. 11 F differentiate between producers and consumers and calculate the cost to produce a simple item 3

The PFL Math TEKS Personal financial literacy. The student applies mathematical process standards to manage one’s financial resources effectively for lifetime financial security. Grade 3 • 3. 9 A explain the connection between human capital/labor and income • 3. 9 B describe the relationship between the availability or scarcity of resources and how that impacts cost • 3. 9 C identify the costs and benefits of planned and unplanned spending decisions 4

The PFL Math TEKS Personal financial literacy. The student applies mathematical process standards to manage one’s financial resources effectively for lifetime financial security. • 3. 9 D explain that credit is used when wants or needs exceed the ability to pay and that it is the borrower’s responsibility to pay it back to the lender, usually with interest • 3. 9 E list reasons to save and explain the benefit of a savings plan, including for college • 3. 9 F identify decisions involving income, spending, saving, credit, and charitable giving 5

TCEE: Grade 2, Lesson 6 A Producer’s Power PFL Math 2. 11 F: differentiate between producers and consumers and calculate the cost to produce a simple item 6

Math 2. 1: Mathematical Process Standards Math 2. 4 A: recall basic facts to add and subtract within 20 with automaticity Math 2. 4 B: Add up to four two-digit numbers and subtract two-digit numbers using mental strategies and algorithms based on knowledge of place value and properties of operations Math 2. 5 B: Use the cent symbol, dollar sign, and the decimal point to name the value of a collection of coins Social Studies: 2. 10: distinguish between producing and consuming Social Studies: 2. 10 B: identify ways in which people are both producers and consumers Social Studies: 2. 10 C: examine the development of a 7 product from a natural source to a finished product

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TCEE: Grade 3, Lesson 8 Ordinary People with Big Ideas 13

TCEE created lesson Grade 3, Lesson 8 Social Studies 3. 8 E: identify individuals, past and present, including Henry Ford and other entrepreneurs in the community such as Mary Kay Ash, Wallace Amos, Milton Hershey, and Sam Walton, who have started new businesses 14

To introduce the term entrepreneur: http: //www. youtube. com/watch? v=_Rlp. B_Vu 9 Wo 15

Who Where and when What Why 16

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Thank You from TCEE and Valerie Johse vjohse@aol. com 19