Idaho Social Studies 1.SS.3.3
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
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.
Ask, “You saved three coins for a toy. What happens to your plan if you spend one coin on a sticker?”
Play Save or Spend with picture cards showing an item, its price, and when it is needed; students place play coins on labeled mats.
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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Related Standards
- K.SS.3.2
Explain the benefits of saving money and give examples of how people use money to make purchases.
- 9-12.EC.14
Demonstrate how to set financial goals and analyze the costs and benefits of spending decisions.
- 3.SS.3.4
Identify different examples of making an economic choice, including consumption of goods and services, using a bank, investing, and budgeting.
- 2.SS.3.1
Differentiate between the wants and needs of families and understand the purpose of a budget.
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