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1st grade · Social Studies · Unit 4 of 15

Earning, Saving & Sharing

How families earn, choose, save and trade.

What your child practices

Practices how people earn income, why families save, sharing and bartering, choosing between needs and wants, and natural, human and capital resources.

Alabama Course of Study content standard: 1.3 · earning, saving and spending money to meet needs and wants

How we explain it

Children can open this short lesson before they practice.

  1. People earn money by working.
  2. A consumer buys things. Saving is keeping money for later.
  3. We make choices when we can't have everything.

Example: Lena puts money in her piggy bank. She is… She does not spend it now. Keeping money for later is saving. Answer: saving

Earning, Saving & Sharing in Alabama

In the Alabama Course of Study, this is unit 4 of 15 in 1st grade Social Studies, after Community Services and before Goods and Services.

Gradelings describes a child's practice on this unit as Beginning, Approaching, Meeting or Exceeding (Four practice steps). That reflects practice, not a report-card mark: the teacher decides the mark.

Source: Alabama State Department of Education (ALSDE)

Sample questions

A taste of this unit. In the app, questions change every time and get easier or harder to match your child.

  1. Question 1

    Which one is a natural resource?

    • water
    • a hammer
    • a teacher

  2. Question 2

    Sharing a toy with a friend means you…

    • keep it hidden
    • both get to use it
    • break it

  3. Question 3

    Money you get for doing a job is called…

    • a rule
    • a gift card
    • income

  4. Question 4

    Which one is a need for a family?

    • a home
    • a toy robot
    • a video game

  5. Question 5

    Ravi's mom works at a hospital. Why do people work?

    • to lose things
    • to earn money
    • to stay asleep

  6. Question 6

    Long ago, people traded fish for berries. This is…

    • voting
    • banking
    • bartering

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