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National and State Financial Literacy Standards Alignment: Don't Spend More Than You Make (K–8 Money Song)
Updated

National and State Financial Literacy Standards | Don't Spend More Than You Make | Money Song for KidsIntroduction

With over 25 years of experience in the financial literacy education space, our work consistently shows that teaching kids about money is most effective when lessons are simple, engaging, and aligned with what schools are already teaching. This page highlights how the song “Don’t Spend More Than You Make!” aligns with national and state financial literacy standards for grades K–8, supporting responsible decision-making, money management, and long-term financial well-being.

Learning to manage money starts with one powerful rule: don’t spend more than you earn. The song Don’t Spend More Than You Make! teaches this foundational concept in a fun, memorable way—helping children understand limits, make thoughtful choices, and avoid common money mistakes early.

Song Overview

Song: Don’t Spend More Than You Make!
Primary Financial Concept:
Spending less than you earn helps children avoid debt, make responsible choices, and build long-term financial stability.

Key Message:
Living within your means is a core money habit. When kids learn to balance what comes in with what goes out, they build confidence, responsibility, and a strong foundation for future financial decisions.

National Standards Alignment

Council for Economic Education (CEE)

National Standards for Personal Financial Education

Standard 1: Decision Making

Grade Bands: K–2 | 3–5 | 6–8

Effective decision making requires comparing costs and benefits.

How the song aligns:

  • Encourages children to think before spending

  • Reinforces that choices have consequences

  • Helps students recognize and avoid overspending

Standard 2: Money Management

Grade Bands: K–2 | 3–5 | 6–8

How the song aligns:

  • Reinforces living within one’s means

  • Supports planning, balance, and financial stability

  • Builds a habit that supports saving and goal-setting

Jump$tart Coalition

National Standards in K–12 Personal Finance Education

Financial Decision Making & Money Management

Grade Bands: K–2 | 3–5 | 6–8

How the song aligns:

  • Reinforces matching spending to income

  • Highlights common overspending mistakes

  • Supports budgeting and responsible money use

National Financial Educators Council (NFEC)

Core Financial Literacy Framework

Grade Bands: K–2 | 3–5 | 6–8

How the song aligns:

  • Builds financial responsibility and awareness

  • Reinforces behavioral habits that prevent overspending

  • Encourages consistent, intentional money choices

Social-Emotional Learning (CASEL)

Competencies:
Responsible Decision-Making · Self-Management
Grade Bands: K–2 | 3–5 | 6–8

How the song aligns:

  • Encourages self-control and impulse awareness

  • Builds accountability for choices

  • Supports delayed gratification and foresight

Standards Alignment by Grade Band

K–2 (Ages 5–7): Basic Awareness & Limits

Big idea: I shouldn’t spend more than I have.

  • Introduces a clear, easy-to-remember spending rule

  • Reinforces limits through repetition

  • Encourages stopping and thinking before spending

  • Builds early responsibility

Grades 3–5 (Ages 8–10): Balance & Planning

Big idea: What I spend should match what I earn.

  • Connects spending choices to outcomes

  • Introduces balance between income and expenses

  • Reinforces planning and accountability

  • Helps students avoid common money mistakes

Grades 6–8 (Ages 11–13): Responsibility & Consequences

Big idea: Overspending leads to problems now and later.

  • Emphasizes consequences of spending too much

  • Reinforces living within your means

  • Prepares students for budgeting, credit, and debt topics

  • Strengthens self-management skills

State-Level Standards Alignment (Selected States)

The song Don’t Spend More Than You Make! aligns with financial literacy or economics standards across multiple states:

  • California (CA)
    Grade Bands: K–2 | 3–5
    Primary Focus: Choices, trade-offs, economics

  • Texas (TX)
    Grade Bands: K–2 | 3–5 | 6–8
    Primary Focus: Personal financial literacy & responsible spending

  • New York (NY)
    Grade Bands: K–2 | 3–5 | 6–8
    Primary Focus: Economic decision-making

  • Washington (WA)
    Grade Bands: K–2 | 3–5 | 6–8
    Primary Focus: Financial decision-making

  • Ohio (OH)
    Grade Bands: K–2 | 3–5 | 6–8
    Primary Focus: Planning & money management

  • Iowa (IA)
    Grade Bands: K–2 | 3–5 | 6–8
    Primary Focus: Life skills & responsibility

  • Utah (UT)
    Grade Bands: 3–5 | 6–8
    Primary Focus: Money as a managed resource

  • Wisconsin (WI)
    Grade Bands: K–2 | 3–5 | 6–8
    Primary Focus: Habit-based decisions

  • Massachusetts (MA)
    Grade Bands: K–2 | 3–5 | 6–8
    Primary Focus: Responsible money use

Why This Song Works in the Classroom

  • Clear, memorable rule kids can repeat and remember

  • Strong alignment with financial literacy and SEL standards

  • Scales naturally from early elementary to middle school

  • Easy to pair with discussion, budgeting activities, and real-life examples

Bottom line:
Don’t Spend More Than You Make! helps children learn that good money habits start with understanding limits and making thoughtful choices.

Download the Standards Alignment PDF

If you’d like a downloadable PDF version of this standards alignment for classroom use, curriculum review, or district adoption, please contact us. We’re happy to provide a printable version that makes it easy to share, reference, and integrate into lessons or program materials.

More Resources Supporting the Song

Additional Songs and Fun Resources

Keep:

Related Reading

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