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Personal Finance Standards Database

Kentucky
Kentucky

4th-5th Grades

State Standards
Career Studies
Essential Skills
ADAPTABILITY
ES.I.1: Identify ways to approach and/or solve a problem.
ES.I.2: Demonstrate flexibility and willingness to try new things (e.g., critical thinking, problem solving).
COMMUNICATION
ES.I.14: Engage effectively in a range of developmentally appropriate collaborative discussions (one-on-one, in groups and teacher led).
ES.I.14.a: Follow agreed-upon rules for discussions (e.g. practice active listening and taking turns speaking).
ES.I.14.b: Speak clearly at an understandable pace using appropriate facts and relevant, descriptive details and complete sentences when appropriate.
ES.I.14.c: Pose and respond to specific questions to clarify or follow up on information and make comments that contribute to the discussion and link to the remarks of others.
ES.I.14.d: Use the reasons and evidence a speaker provides to refine ideas when responding to others' ideas.
ES.I.14.e: Adapt speech, using both verbal and nonverbal skills, to a variety of situations using formal English when appropriate.
ES.I.15: Recognize that differences exist in individuals, families, communities, cultures and varying points of view.
ES.I.16: Identify appropriate strategies to resolve conflicts with guidance.
DILIGENCE
ES.I.3: Demonstrate resilience and perseverance by showing willingness to complete a task.
ES.I.4: Create and prioritize short-term goals.
DRUG-FREE
ES.I.13: Describe the risk associated with the inappropriate use of household products, medications and alcohol.
INITIATIVE
ES.I.5: Practice on-task behaviors with minimal direction.
ES.I.6: Use failure as a learning opportunity.
ES.I.7: Practice personal responsibility.
KNOWLEDGE
ES.I.8: Follow classroom procedures, activities, and behavior in various settings.
ES.I.9: Apply reading, writing and mathematics skills to authentic, real-world tasks.
RELIABILITY
ES.I.10: Complete tasks on time.
ES.I.11: Practice ethical behavior (e.g., honesty, trust, compassion, acceptance) in various situations with minimal guidance.
ES.I.12: Exhibit self-control with minimal guidance.
Careers
APPLICATION
C.I.8: Identify and follow agreed-upon collaborative skills (e.g., attendance, respect, preparedness, quality of work, time-management) that are necessary for both the classroom and workplace.
EXPLORATION
C.I.1: Explain why people need to work (e.g., earn money, contribute to society, develop identity as a worker, enhance self-esteem to meet basic needs (food, clothing, shelter) and for personal satisfaction and enjoyment).
C.I.2: Describe jobs done by employees and other individuals in the community, state and world.
C.I.3: Identify and describe jobs within the 16 KY Career Clusters (e.g., Information Technology, Manufacturing, Health Science and Transportation, Distribution and Logistics).
C.I.4: Describe the impact of individual interests, values and abilities on career choices.
PREPARATION
C.I.5: Explain how academic content learned in school (e.g., mathematics, reading/writing, science, social studies) impacts future jobs/careers.
C.I.6: Use various sources of career information (e.g., Career Day, guest speaker, field trips, virtual field trips, career fairs, career websites) to evaluate jobs/careers that reflect individual interests/needs.
C.I.7: Learn, understand and apply responsible digital citizenship practices (e.g., privacy, communication, safe web exploration, online searching).
Financial Literacy
CAREERS, EDUCATION & INCOME
FL.I.1: Compare the financial impacts of a career choice (e.g., financial goals, desired lifestyles, values).
FL.I.2: Identify ways people earn income (e.g., wages, salaries, tips).
CREDIT & DEBT
FL.I.3: Explain how credit is used a basic financial tool.
FL.I.4: Explain how borrowing money (credit) is more expensive than paying cash (e.g., interest, fees).
DECISION MAKING & MONEY MANAGEMENT
FL.I.5: Identify factors and experiences, such as role models and peer pressure, which affect spending patterns.
FL.I.6: Develop a basic budget which includes income, expenses and savings for a specific purpose.
FL.I.7: Explain how financial management is needed to meet the goals of individuals and families by:
FL.I.7.a: describing various types of expenses (e.g., food, clothing, entertainment) and savings (e.g., piggy bank, bank account).
FL.I.7.b: investigating goals related to money that might affect individuals and families and their values.
INSURANCE & RISK MANAGEMENT
FL.I.14: Identify the purpose of insurance and give examples of financial risks that are covered by insurance.
FL.I.15: List types of personal information that should not be disclosed to others in person or online.
MONEY & THE ECONOMY
FL.I.10: Compare different payment methods (e.g., writing a check, using a debit or credit card, paying online or with a mobile device).
FL.I.12: Describe various services (e.g., deposits, check cashing) provided by financial institutions (e.g., banks, credit unions).
FL.I.13: Explain that people are required to pay taxes for which they receive government services.
SAVING & INVESTING
FL.I.8: Explain how investing puts money to work to earn more money for the future.
FL.I.9: Describe reasons (i.e., financial goals) people invest for the future.