managing money wisely by budgeting, saving and avoiding unnecessary debt

a secure place to store, manage and access money, allowing deposits, withdrawals, transfers and payments

doing what is morally right, fair and good for people, society and the environment

What is the best way to look after money?

Citizenship

How can we pay for things?

What are the implications of borrowing money?

How can we protect ourselves from fraud?

Where can we save money?

What are our rights as consumers?

Pupils explore how to look after their money considering the implications of borrowing, how they can keep track of their money, what saving options are available to them and what their rights are as a consumer.

How can we manage money well?

money taken from a bank account and used for payment

money that can be used for payment but it is borrowed from a lender so interest might be charged

a plan for how to spend money and track income and expenditure

the process and plan of sticking to a budget

taking money from a lender with the intention of paying it back

the extra money you have to pay when you borrow money, acts as a fee for using it

when you spend more money than you have from your bank account

a sum of money you receive and agree to pay back with interest

when someone acts, lies or breaks trust to gain money or cause a loss; it's a broad term that covers different types of crimes; fraud can happen online, in person, or through letters or messages

a dishonest scheme designed to trick people into giving away money, personal information or valuables

the money paid by a borrower to a lender for using their money; it’s usually expressed as a percentage of the amount borrowed or saved

putting money into something, like stocks, property or a business, with the aim of making a profit

the money used to buy assets like shares or property, hoping they will increase in value

the chance of losing money or not getting the expected return

someone who buys goods or services for their own use, rather than to sell or use for business

a government service in the UK that protects consumers from unfair, unsafe or dishonest business practices; it makes sure that businesses follow the law when selling goods and services

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Oak's curricula

How can we manage money well?

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