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1st grade · Social Studies · Unit 7 of 9

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.

Arizona Academic Standards learning standard: 1.E1.2; 1.E2.1 · reasons to save or spend money, 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 Arizona

In the Arizona Academic Standards, this is unit 7 of 9 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: Arizona Department of Education

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

    Money you get for doing a job is called…

    • a gift card
    • income
    • a rule

  2. Question 2

    Sharing a toy with a friend means you…

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

  3. Question 3

    A family has money for only one thing. What comes first?

    • a movie
    • a new toy
    • food

  4. Question 4

    Zoe trades her apple for Noah's orange. That is…

    • bartering
    • saving
    • voting

  5. Question 5

    Lena puts some money in her piggy bank. She is…

    • borrowing
    • spending
    • saving

  6. Question 6

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

    • banking
    • bartering
    • voting

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