4.10.A 4.10.B 4.10.C* 4.10.D* 4.10.E

Texas Essential Knowledge and Skills (TEKS) Personal Financial Literacy
Grade:	4th Grade
Standard:	4.10.A
Description:	distinguish between fixed and variable expenses;
Standard:	4.10.B
Description:	calculate profit in a given situation;
Standard:	4.10.C*
Description:	compare the advantages and disadvantages of various savings options;
Standard:	4.10.D*
Description:	describe how to allocate a weekly allowance among spending; saving, including for college; and sharing; and
Standard:	4.10.E
Description:	describe the basic purpose of financial institutions, including keeping money safe, borrowing money, and lending.

A fixed expense typically does not change and cannot be easily changed.

A variable expense typically changes from
month-to-month and/or week-to-week.

Fixed Expenses	Variable Expenses
Rent Mortgage payments Car insurance Car payments Internet bill Cell phone bill	Electric bill Car repairs Gas for car Food

Buying goods and services for yourself is considered spending.

Giving goods and services to others is considered sharing.

Setting money aside to spend later is considered saving.

Texas Essential Knowledge and Skills (TEKS)

Personal Financial Literacy

4.10.A

distinguish between fixed and variable expenses;

4.10.B

calculate profit in a given situation;

4.10.C*

compare the advantages and disadvantages of various savings options;

4.10.D*

describe how to allocate a weekly allowance among spending; saving, including for college; and sharing; and

4.10.E

describe the basic purpose of financial institutions, including keeping money safe, borrowing money, and lending.