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Grade 2 Social Studies · World 9: Money Matters · Level 58
Spending Choices
The benefits and costs of spending.
Warm-up, learn, try it together, practice, then a quick check. About 15 minutes.
What children learn in Level 58
- Spending means using money to buy goods or services.
- Spending has benefits: the good parts. You get something you want or need right away, and you can enjoy it today.
- Spending has costs too. Once the money is spent, it's gone, and you can't use it for something else. That's the opportunity cost!
- Zoe has 10 dollars. A toy costs 6 dollars. If Zoe buys it, 4 dollars are left, not enough for a 5-dollar book.
- Before you spend, ask: Do I need it, or want it? And what will I give up? A plan for using your money is called a budget.
Georgia Standards of Excellence in Social Studies:
- SS2E4 — Describe the costs and benefits of personal saving and spending choices.