What happens when I spend money?

Financial education

Which coins have I got?

How much money have I got?

Is my money safe?

Do I need that or do I want that?

Should I spend or save?

In the previous unit, pupils have had the opportunity to explore the value of different coins and use strategies to calculate the value of a set of coins up to 20 p. In this unit they will apply this learning in new contexts and consider what the value of money means.

In this unit we learn to recognise money, understand spending, saving, and making simple financial choices.

An introduction to money

Subjects which particular individuals may be sensitive to, eg, adoption, migration, bereavement or death, divorce, poverty, deprivation.

Depiction or discussion of sensitive content

True or false: Once you spend money, you can’t have it back.

Jacob has this much money. Can he afford a cake for 20 pence?

You have  9 p. Which fruit can you afford to buy?

Jacob had this money and spent 10 p on sweets. How much money has he got now?

You can pay 20 p for 5 minutes in the ball pit.

Match the items you can buy with lasts or doesn’t last.

Finding an item that cost more than you thought.

Finding an item at a cheaper price than you thought.

What happens when I spend money?

Lesson outcome

Content guidance