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1st grade · Social Studies · Unit 5 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.

Texas Essential Knowledge and Skills (TEKS) teks student expectation: 1.7(B); 1.8(A); 1.8(B); 1.8(C) · exchanging goods and services, wanting more than we can have, and choices families make

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 Texas

In the Texas Essential Knowledge and Skills (TEKS), this is unit 5 of 15 in 1st grade Social Studies, after Community Services and before Respect & Inclusion.

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: Texas Education Agency (TEA)

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 hammer used to build a house is a…

    • person
    • tool
    • natural resource

  2. Question 2

    Grandpa teaches Priya to fix her bike. He shares his…

    • money
    • home
    • skills

  3. Question 3

    A teacher, a nurse and a cook are…

    • tools
    • natural resources
    • human resources

  4. Question 4

    Which one is a need for a family?

    • a toy robot
    • a home
    • 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

    Why do people put money in a bank?

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

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