Idaho Social Studies 1.SS.3.3

Social Studies1st GradeEconomics

The Standard

Identify ways to save money for future needs and wants.

Idaho Content Standards: K-12 Social Studies

Teacher's field guide

What This Standard Means

What Students Need to Do

Students name something they may need or want later. They explain how setting money aside now can help them pay for it.

What Mastery Looks Like

Given five play coins, a pencil they need today for two coins, and a toy they want later for six, a student buys the pencil and saves three coins. They know they need three more coins for the toy.

Common Misconceptions

Some students think saving means spending first and keeping only leftover money. Others think they can buy a six-coin toy as soon as they have put three coins in a jar.

How to Assess It

Give students five drawn coins. Ask: “A pencil you need today costs two coins. A toy you want next week costs six. Draw which coins you spend and which you save.”

Lesson moves

Ways to Teach It

  1. Give pairs five play coins, a two-coin pencil card, and a six-coin toy card; have them sort coins into spending and savings cups.

  2. Ask, “You saved three coins for a toy. What happens to your plan if you spend one coin on a sticker?”

  3. Play Save or Spend with picture cards showing an item, its price, and when it is needed; students place play coins on labeled mats.

  4. Use a store flyer to pick a school item needed later and a toy wanted later, then label a paper savings jar for one.

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Printable 1.SS.3.3 Worksheet

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