Washington
4th Grade
State Standards
4.SS: Spending and Saving
Develop a plan for spending and saving.
1: Create a way to keep track of money spent.
2: Categorize types of household expenses and sources of income.
3: Calculate the sales tax for a given purchase.
4: Compare ways that people can decrease expenses to save more of their income.
5: Give an example of how the government uses tax revenues.
Develop a system for keeping and using financial records.
6: Monitor financial statements for a personal savings account.
Describe how to use different payment methods.
7: Explain why people keep money in banks and credit unions.
8: Describe how checks and debit cards, gift cards, and credit cards are used as payment methods.
9: Verify the total cost of a purchase that includes multiple items.
10: Calculate the amount of change to be returned when the payment amount is greater than the purchase price.
Apply consumer skills to spending and saving decisions.
11: Compare prices for the same item from two different sources.
12: Justify a spending decision based on predetermined criteria for an acceptable outcome and available options.
13: Analyze how spending choices are influenced by price, advertising, the spending choices of others, and peer pressure.
4.CD: Credit and Debt
Analyze the costs and benefits of various types of credit.
1: Identify situations when people might pay for certain items in small amounts over time.
2: Summarize the advantages and disadvantages of using credit.
3: Explain why using a credit card is a form of borrowing.
4: Recognize how overspending can lead to borrowing problems.
4.EI: Employment and Income
Explore job and career options.
1: Analyze how different jobs require different skills, training, and tools.
2: Explain how an individual's interests, knowledge, and abilities can affect job and career choice.
3: Research jobs related to a career of interest.
4: Classify the types of businesses run by local entrepreneurs.
5: Describe how people form businesses to meet customers' needs while generating income for themselves.
6: List ways that owning a business involves risk that the business will not be able to earn enough revenue to pay its costs.
Compare sources of personal income and compensation.
7: Identify jobs children can do to earn money.
8: Explain the difference between a wage and a salary.
4.I: Investing
Explain how investing may build wealth and help meet financial goals.
1: Describe reasons for investing.
Evaluate investment alternatives.
2: Compare the main features and rates of return on basic deposit accounts at local financial institutions.