Gr4 personal finance.doc

GATEWAY GROUP CURRICULUM OVERVIEW

Grade 4

Social Studies

Personal Financial Literacy

21st Century Life and Careers

9.1 Personal Financial Literacy This standard outlines the important fiscal knowledge, habits, and skills that must be mastered in order for students to make informed decisions about personal finance. Financial literacy is an integral component of a student's college and career readiness, enabling students to achieve fulfilling, financially-secure, and successful careers.

Focus of this Unit:

Income and Careers
Money Management
Credit and Debt Management
Planning, Saving and Investing
Becoming a Critical Consumer
Civic Financial Responsibility

NJ STUDENT LEARNING STANDARDS

9.1.4.A.1 Explain the difference between a career and a job, and identify various jobs in the community and the related earnings.

9.1.4.A.2 Identify potential sources of income.

9.1.4.A.3 Explain how income affects spending and take-home pay.

9.1.4.B.1 Differentiate between financial wants and needs.

9.1.4.B.2 Identify age-appropriate financial goals.

9.1.4.B.3 Explain what a budget is and why it is important.

9.1.4.B.4 Identify common household expense categories and sources of income.

9.1.4.B.5 Identify ways to earn and save.

9.1.4.C.1 Explain why people borrow money and the relationship between credit and debt.

9.1.4.C.2 Identify common sources of credit (e.g., banks, credit card companies) and types of credit (e.g., loans, credit cards, mortgages).

9.1.4.C.3 Compare and contrast credit cards and debit cards and the advantages and disadvantages of using each. 9.1.4.C.4 Determine the relationships among income, expenses, and interest.

9.1.4.C.5 Determine personal responsibility related to borrowing and lending.

9.1.4.C.6 Summarize ways to avoid credit problems

9.1.4.D.1 Determine various ways to save.

9.1.4.D.2 Explain what it means to “invest.”

9.1.4.D.3 Distinguish between saving and investing.

9.1.4.E.1 Determine factors that influence consumer decisions related to money.

9.1.4.E.2 Apply comparison shopping skills to purchasing decisions.

9.1.4.F.1 Demonstrate an understanding of individual financial obligations and community financial obligations. 9.1.4.F.2 Explain the roles of philanthropy, volunteer service, and charitable contributions, and analyze their impact on community development and quality of living.

9.1.4.G.1 Describe how valuable items might be damaged or lost and ways to protect them.

Essential Questions

How can individuals, groups, and societies apply economic reasoning to make difficult choices about scarce resources? What are the possible consequences of these decisions for individuals, groups, and societies?
How have scientific and technological developments over the course of history changed the way people live and economies and governments function?
How have economic, political, and cultural decisions promoted or prevented the growth of personal freedom, individual responsibility, equality, and respect for human dignity?

Income and Careers

Core Content/Objectives

Instructional Actions

Concepts

What students will know

Skills

What students will be able to do

Activities/Strategies

Learning Activities/ Differentiation

Interdisciplinary Connections

Assessment

How learning will be assessed

-Difference between a career and a job, and the various jobs in a community and the related earnings.

- Potential sources of income within a community.

-Income affects spending and take-home pay.

- Explain the difference between a career and a job, and identify various jobs in the community and the related earnings.

- Identify potential sources of income.

- Explain how income affects spending and take-home pay.

Money Management

Core Content/Objectives

Instructional Actions

Concepts

What students will know

Skills

What students will be able to do

Activities/Strategies

Learning Activities/ Differentiation

Interdisciplinary Connections

Assessment

How learning will be assessed

-Differences between financial wants and needs.

-Age-appropriate financial goals.

-What a budget is and why it is important.

-Common household expense categories and sources of income.

-Ways to earn and save.

-Identify and compare differences between financial wants and needs.

- Identify age-appropriate financial goals.

-Explain what a budget is and why it is important.

-Explain common household expense categories and sources of income.

-Identify ways to earn and save.

Credit and Debt Management

Core Content/Objectives

Instructional Actions

Concepts

What students will know

Skills

What students will be able to do

Activities/Strategies

Learning Activities/ Differentiation

Interdisciplinary Connections

Assessment

How learning will be assessed

-Why people borrow money and the relationship between credit and debt.

-Common sources of credit and types of credit

-Differences between credit cards and debit cards and the advantages and disadvantages of using each.

-Basic relationships among income, expenses, and interest.

-Responsibility related to borrowing and lending.

-Ways to avoid credit problems

-Explain why people borrow money and the relationship between credit and debt.

-Identify common sources of credit and types of credit

-Compare and contrast credit cards and debit cards and the advantages and disadvantages of using each.

-Determine the relationships among income, expenses, and interest.

-Determine personal responsibility related to borrowing and lending.

-Summarize ways to avoid credit problems

Planning, Saving and Investing

Core Content/Objectives

Instructional Actions

Concepts

What students will know

Skills

What students will be able to do

Activities/Strategies

Learning Activities/ Differentiation

Interdisciplinary Connections

Assessment

How learning will be assessed

-Various ways to save.

-What it means to “invest.”

-Difference between saving and investing.

-Determine various ways to save.

-Explain what it means to “invest.”

-Distinguish between saving and investing.

Becoming a Critical Consumer

Core Content/Objectives

Instructional Actions

Concepts

What students will know

Skills

What students will be able to do

Activities/Strategies

Learning Activities/ Differentiation

Interdisciplinary Connections

Assessment

How learning will be assessed

-Factors that influence consumer decisions related to money.

-Comparison shopping skills to purchasing decisions.

-Determine factors that influence consumer decisions related to money.

-Apply comparison shopping skills to purchasing decisions.

Civic Financial Responsibility

Core Content/Objectives

Instructional Actions

Concepts

What students will know

Skills

What students will be able to do

Activities/Strategies

Learning Activities/ Differentiation

Interdisciplinary Connections

Assessment

How learning will be assessed

-Differences betweenindividual financial obligations and community financial obligations.

-Roles of philanthropy, volunteer service, and charitable contributions, and analyze their impact on community development and quality of living.

-Demonstrate an understanding of individual financial obligations and community financial obligations.

-Explain the roles of philanthropy, volunteer service, and charitable contributions, and analyze their impact on community development and quality of living.

Insuring and Protecting

Core Content/Objectives

Instructional Actions

Concepts

What students will know

Skills

What students will be able to do

Activities/Strategies

Learning Activities/ Differentiation

Interdisciplinary Connections

Assessment

How learning will be assessed

-How valuable items might be damaged or lost and ways to protect them.

-Describe how valuable items might be damaged or lost and ways to protect them.

Evidence of Learning

Assessment:

Formative Assessment Strategies
Rubrics
Unit Assessments
Performance Assessments

Equipment Needed:

Teacher Resources:

Modifications/Accommodations
IEPs	Flexible grouping Pairing of students of similar ability Student centered activities Learning stations Small group discussions Problem solving situations Adaptive Equipment	504s	Flexible grouping Pairing of students of similar ability Student centered activities Learning stations Small group discussions Problem solving situations Adaptive Equipment
ELLs	teaching key aspects of a topic. Eliminate nonessential information . using videos, illustrations, pictures, and drawings to explain or clarify. allowing products (projects, timelines, demonstrations, models, drawings, dioramas, poster boards, charts, graphs, slide shows, videos, etc.) to demonstrate student’s learning; . allowing students to correct errors (looking for understanding) . allowing the use of note cards or open-book during testing . decreasing the amount of work presented or required	G/T	teaching key aspects of a topic. Eliminate nonessential information . using videos, illustrations, pictures, and drawings to explain or clarify. allowing products (projects, timelines, demonstrations, models, drawings, dioramas, poster boards, charts, graphs, slide shows, videos, etc.) to demonstrate student’s learning; allowing students to correct errors (looking for understanding) . allowing the use of note cards or open-book during testing . decreasing the amount of work presented or required
At-Risk Failure	Projects designed so teacher may add or omit criteria based on student need Shortened assignments Extended time allotted for students Structure lessons around questions that are authentic, relate to students’ interests, social/family background and knowledge of their communities Collaborate with after-school programs or clubs to extend learning opportunities and support Various online learning opportunities to reinforce skills based on student needs Provide students multiple choices for how they can represent their understandings Additional time for test preparation Directions written and read/explained thoroughly and in chunks Emphasis on successes Graphic organizers and other organizational aides Student Success Team and implementation of RTI Interventions Set goal plan with reachable goals and pathways and collaboration with parents One-on-one conference with teacher to include feedback on work and progress toward meeting goals

Interdisciplinary Connections

Career Ready Practices

9.2 Career Awareness, Exploration, and Preparation

8.1 Educational Technology: All students will use digital tools to access, manage, evaluate, and synthesize information in order to solve problems individually and collaborate and to create and communicate knowledge.

LA.4.RF.4.3.A Use combined knowledge of all letter-sound correspondences, syllabication patterns, and morphology (e.g., roots and affixes) to read accurately unfamiliar multisyllabic words in context and out of context. LA.4.RF.4.4.A Read grade-level text with purpose and understanding.. LA.4.RF.4.4.C Use context to confirm or self-correct word recognition and understanding, rereading as necessary.

CRP1. Act as a responsible and contributing citizen and employee.
CRP2. Apply appropriate academic and technical skills.
CRP4.Communicate clearly and effectively and with reason.
CRP6.Demonstrate creativity and innovation.
CRP7.Employ valid and reliable research strategies.
CRP8.Utilize critical thinking to make sense of problems and persevere in solving them.
CRP9.Model integrity, ethical leadership and effective management.
CRP10. Plan education and career paths aligned to personal goals.
CRP11. Use technology to enhance productivity.

By the end of 4th grade,

9.2.4.A.1 Identify reasons why people work, different types of work, and how work can help a person achieve personal and professional goals.
9.2.4.A.2 Identify various life roles and civic and work‐related activities in the school, home, and community.
9.2.4.A.3 Investigate both traditional and nontraditional careers and relate information to personal likes and dislikes.
9.2.4.A.4 Explain why knowledge and skills acquired in the elementary grades lay the foundation for future academic and career success.

Grade 4 - -