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1st grade · Social Studies · Unit 7 of 8

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.

Alaska content standards learning standard: SS.1.1.13.1; SS.1.2.12.1 · decisions about spending and saving, and choosing between 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 Alaska

In the Alaska content standards, this is unit 7 of 8 in 1st grade Social Studies, after Community Services and before School & Travel Long Ago.

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: Alaska Department of Education and Early Development

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

    A teacher, a nurse and a cook are…

    • human resources
    • natural resources
    • tools

  2. Question 2

    Which one is a need for a family?

    • a home
    • a toy robot
    • a video game

  3. Question 3

    Which one is a natural resource from forests?

    • plastic toys
    • wood
    • a computer

  4. Question 4

    Why might a family save money?

    • to throw it away
    • to forget it
    • for something they need later

  5. Question 5

    Which one is a want?

    • food
    • a new skateboard
    • clean water

  6. Question 6

    Why do people put money in a bank?

    • to keep it safe and save
    • to make it disappear
    • to feed it

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