products, services and tools provided by banks, building societies or other companies

the wider industry or sector that provides financial products

How are financial products changing the way we manage money?

Citizenship

How do financial systems affect access to housing in the UK?

How can financial planning support independent living?

How can investment and finance transform communities?

Using the example of housing, pupils explore a range of different financial decisions, products and services. They consider how they can prepare to become financially independent and what advice is available to them.

How can we prepare well for financial decision making?

Discriminatory behaviour or images, whether on the grounds of race, gender, disability, religion or belief or sexual orientation, or otherwise.

Depiction or discussion of discriminatory behaviour

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

Depiction or discussion of sensitive content

technology-driven companies offering financial tools through apps

tools that help people manage, borrow or save money

the wider industry that provides banking, insurance and finance tools

Buy Now, Pay Later schemes are an example of a financial product that offers flexibility but also carries a risk of {{}} if not managed carefully.

Which of these is an example of a trend that is helping people make more sustainable financial choices?

lets apps access banking data with permission to suggest better deals.

gives people access to basic banking even without a fixed address.

allows apps to offer personalised advice by analysing spending.

Match the start of the sentence with its ending.

many tools try not to help you with your money

some financial products carry risks like debt

Why is the idea that 'all modern financial products are safe and helpful' incorrect?

Understanding changes in financial products helps {{}} people make more informed decisions about their money in the future.

What is the main purpose of a bank account?

A {{}} is when you borrow money from a bank and agree to pay it back later, usually with interest.

A budget helps people to plan their {{}} and make sure they do not use more than they have.

it increases your monthly bills significantly

it gives you a loan to afford to buy a house

This lesson will be removed by end of Summer Term 2025.

How are financial products changing the way we manage money?

Lesson outcome

Content guidance

This lesson will be removed by end of Summer Term 2025.