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?

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

Depiction or discussion of sensitive content

Depiction or discussion of violence or fighting, including threats of violence or the aftermath of violence.

Depiction or discussion of violence or suffering

making informed decisions about budgeting and saving

Which choices does financial responsibility involve?

Various bank accounts serve different purposes, like current accounts for spending and {{}} accounts for storing money.

a secure place to store, manage and access money

doing what is morally right, fair and good

how a country makes, handles, buys and sells goods and services

Match the words to the correct definitions.

supporting banks that invest in responsible causes

Learning about responsible money management prepares individuals for future {{}} stability.

to maintain financial stability and security

Why is it important to avoid unnecessary debt?

Which of these is **not** a way people commonly pay for things?

Which of the following is an example of an essential expense?

An {{}} occurs when a person withdraws or spends more money from their bank account than they have available, resulting in a negative balance.

extra money paid on a loan or earned on savings

borrowed money that must be repaid (with interest)

 Match the financial term to its correct definition:

This lesson was made for home learning during the pandemic.

What is the best way to look after money?

Lesson outcome

Content guidance

This lesson was made for home learning during the pandemic.