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Personal Finance Standards Database

Colorado
Colorado

Pre-Kindergarten

State Standards
Personal Financial Literacy
8: Apply economic reasoning skills to make informed personal financial decisions.
FL.P.5.1: Identify money and its purpose.
a: Recognize coins and currency as money.
b: Identify how money is obtained (e.g., through work or gifts) and how it is used.
c: Discuss why we need money.
d: Identify different forms of money and their different values.
Supportive Teaching Practices/Adults May
1: Provide materials and opportunities for preschoolers to dramatize interactions with currency exchange.
2: Read stories related to currency.
3: Set up dramatic play opportunities that involve the use of pretend money. For example: The bank, grocery store, or restaurant.
4: Use names of coins and currency when talking about money.
Examples of Learning/Children May
1: Identify that money is used to buy things.
2: Explain that money can be saved.
3: Use pretend money while engaging in dramatic play activities.
4: Practice exchanging play money for goods.