Wisconsin
K-2nd Grades
State Standards
Personal Financial Literacy
FM: Financial Mindset
FM1: Students will develop strategies to make intentional financial decisions throughout their lifespan.
FM1.a: Critical Consumer
FM1.a.e: Differentiate between buyers (consumers) and sellers (producers). List traits of being a responsible consumer (e.g., look at the price or compare the value of items). Define advertising and list places advertisements can be found.
FM1.b: Functions and Structure of Money
FM1.b.e: Categorize types of money (e.g., coins or bills), and explain why money is used.
FM1.c: Opportunity Costs
FM1.c.e: Differentiate between a want and a need.
FM2: Students will analyze how aspects of financial psychology impact financial well-being.
FM2.a: Values and Behavior
FM2.a.e: Identify why people decide to earn, save, spend, or give money.
FM2.b: Emotional Influences
FM2.b.e: Identify how emotions may be the same or different from other people.
FM2.c: External Influences
FM2.c.e: Identify external influences (e.g., peers, family, or community) that may affect what someone wants.
FM2.d: Financial Goals
FM2.d.e: Identify the importance of a financial goal (e.g., purchasing a bicycle or toy).
EE: Education and Employment
EE1: Students will compare the effect of personal income on their goals.
EE1.a: Career Development
EE1.a.e: Explain behaviors and decisions that reflect interests, likes, and dislikes. Describe why people work and how aspects of the work environment affect their life.
MM: Money Management
MM1: Students will demonstrate their ability to use money management skills and strategies.
MM1.a: Budgeting
MM1.a.e: Explain the importance of a budget.
MM1.b: Financial Management
MM1.b.e: Identify that there are three ways you can use money – save, spend, and give.
MM2: Students will utilize financial institutions and service providers to support money management.
MM2.a: Financial Institutions and Service Providers
MM2.a.e: Identify financial institutions within the community.
MM2.b: Payment Types
MM2.b.e: Recognize that items of value, including money, can be earned and exchanged for goods and services.
MM2.c: Alternative Financial Currency
MM2.c.e: Describe how paying for goods and services online is still using real money.
SI: Saving and Investing
SI1: Students will explore savings concepts and apply this knowledge to attain financial security.
SI1.a: Saving Principles
SI1.a.e: Identify an experience of waiting to have enough money to buy something.
SI1.b: Savings Types and Features
SI1.b.e: Identify places where something valuable would be secure.
SI1.c: Saving Goal Planning
SI1.c.e: Describe strategies to save money.
SI1.d: Saving Risk and Reward
SI1.d.e: Explain how choices we make now affect what we get in the future. Explain how financial institutions help people make choices about how to save money.
SI1.e: Role of Government in Saving
SI1.e.e: Identify the role that law enforcement has to protect personal financial assets.