1.9

Math1st Grade

Knowledge and Skills Statement (Standard Cluster)

The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security

Texas Essential Knowledge and Skills for Mathematics

Cluster contents

1.9 is a knowledge and skills statement. These are the student expectations under it.

Teacher's field guide

What Students Need to Do: Students recognize money received for work as income and explain that it can pay for goods and services. They sort choices into spending, saving, and giving, then decide whether purchases meet needs or wants.
What Mastery Looks Like: A student can hear a simple story, identify who earned income, and tell what the money could buy. The student can label a choice as spending, saving, or giving and explain whether a purchase is a need or a want.
Common Misconceptions: Students may think all money is income, including borrowed money or a gift. They may call every desired item a need or think saving means keeping money until the next shopping trip. Some assume giving is the same as buying a present for a friend.
How to Assess It: Exit ticket: Sam earns $6 for raking leaves. He needs a $4 lunch, wants a $2 sticker, and may donate $1. Students underline the income, label the need and want, then choose how Sam should spend, save, or give the money.

Lesson moves

Give pairs $10 in play money, picture cards, and three cups labeled spend, save, and give. Students sort each possible choice.
Ask: "You earn $8 helping a neighbor. What would you spend, save, or give, and why?" Students draw and label their choice.
Play Needs or Wants. Show one card at a time, and students hold up N or W before explaining their answer.
Study a grocery receipt, circle items that meet needs, then discuss how a family might save money or set aside some to give.

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