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Financial Literacy for Kids: Understanding Goods and Services in Our World

Explore the basics of income, goods, services, budgeting, taxes, community workers, factories, banking, and trade. Engaging lessons for children to learn key financial concepts.

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Financial Literacy for Kids: Understanding Goods and Services in Our World

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  1. Lesson 1 Choosing Goods and Services Page 104-111

  2. Lesson 2 Services in Our Community Page 112-119

  3. Lesson 3 Goods from the Factory to You Page 120-125

  4. Lesson 4 A Trip to the Bank Page 126-133

  5. Lesson 5 Countries Trade and Move Goods Page 134-139

  6. Making a Decision

  7. Lesson 1 Choosing Good And Services Page 104-111 Lesson 2 Services in Our Community Page 112-119 Lesson 3 Goods from the Factory to You Page 120-125 Lesson 4 A Trip to the Bank Page 126-133 Lesson 5 Countries Trade and Move Goods Page 134-139 Making Decisions $100 $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500 $500

  8. ___________is the money that people earn. Page 104

  9. Income

  10. ______ are things people make or grow. Page 104

  11. Goods

  12. ______ are jobs that people do to help others. Page 105

  13. Services

  14. Name three service workers. Page 105

  15. Answers could be: dentist, barber, police officer, firefighter, nurse, doctor, teacher and crossing guard.

  16. Why is having a budget important for a family? Page 106 .

  17. It helps family plan how to spend their income.

  18. _____ is money that is collected by a government. Page 113

  19. Tax

  20. What do taxes help pay for? Page 113

  21. Examples may be: building and repairing schools, repair roads, buy fire trucks and police cars.

  22. Who are some community workers? Page 114-115

  23. Examples may be: mayor, firefighters, nurses, police officers, and teachers.

  24. Who is Florence Nightingale? Pages 116-117

  25. a nurse who provided a service to others by caring for sick and injured army soldiers during a war. She also trained other nurses.

  26. Who pays taxes? Page 113

  27. People in the community

  28. A _________ is a building where people produce goods. Page 120

  29. factory

  30. What things in your home are made in a factory? Page 120

  31. Examples :shoes, sofa, stove, toys

  32. What is a consumer? Page 120

  33. Someone who buys things

  34. A ______ is a way to go from one place to another. Page 125

  35. route

  36. ______ shows direction on a map. Page 124

  37. compass rose

  38. Why do people choose to save money? Page 126-129

  39. People save money to spend at another time on something they really want or need.

  40. What does deposit mean? Page 127

  41. put into my savings account; put it in the bank.

  42. What are two types of bank accounts? Pages 128-129

  43. Savings Account Checking Account

  44. How might people pay for goods and services? Pages 128

  45. Money, checks or credit cards

  46. Where can you keep money you want to save? Page 126

  47. neighborhood bank or bank at home

  48. ___________means to buy, sell, or exchange goods. Page 134

  49. Trade

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