Pennsylvania
K-2nd Grades
State Standards
Academic Standards for Personal Finance, grouped by grade band with standard sections
17.1: Personal Finance Fundamentals
17.1.K-2.A: Identify short-term financial goals and steps people can take to achieve them.
17.1.K-2.B: Explain how limited personal financial resources affect the choices people make.
17.1.K-2.C: Describe how friends and family can impact a person's attitudes toward money.
17.1.K-2.F: Describe ways people use financial institutions (e.g., depositing money, obtaining cash).
17.2: Income
17.2.K-2.A: Identify reasons people and households require income.
17.2.K-2.C: Predict the knowledge and skills needed for various jobs.
17.2.K-2.G: Identify ways people earn income through entrepreneurship.
17.3: Spending
17.3.K-2.A: Describe spending choices people make in everyday life and factors that influence them.
17.3.K-2.C: Differentiate between money that is received and money that is spent.
17.3.K-2.D: Describe how people use money for different purposes, including spending, saving, and sharing with others.
17.3.K-2.M: Identify items people might give to someone else or donate to charity.
17.4: Saving & Investing
17.4.K-2.A: Describe things people own (e.g., toys, home, money).
17.4.K-2.B: Describe reasons people save money for the future rather than spend it now.
17.4.K-2.C: Identify ways children can keep their money safe and avoid losing it.
17.5: Risk & Insurance
17.5.K-2.A: Identify risks in everyday situations.
17.5.K-2.B: Explain ways to avoid or reduce risks.
17.5.K-2.H: Give examples of personal information that should be kept private.
17.6: Credit
17.6.K-2.A: Describe the process of borrowing items or money from someone else.
17.6.K-2.E: Identify potential advantages and disadvantages of borrowing from others.