When money is added to an account, it can be said that the account has been credited with that amount.

An account is in credit if there is money in it.

A credit (score) is a numerical score reflecting how trusted you are to pay back any money that you borrow.

Saving and borrowing

Financial education

Making financial decisions

Risk and reward

In this unit we explore saving and borrowing, making financial decisions, and understanding financial risks and returns.

Choices, risks and rewards

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

Depiction or discussion of sensitive content

When money is added to an account, it can be said that the account has been {{}} with that amount.

Credit (rating) is a {{}} score reflecting how trusted you are to pay back any money that you borrow.

The graph below shows how long it will take to afford a £45 pair of shoes if £7.50 is saved each week. How many weeks will it take if no money is borrowed?

The graph below shows how long it will take to afford a £45 pair of shoes if £7.50 is saved each week. How many weeks will it take if £30 is borrowed?

The graph below shows how long it will take to afford a £45 pair of shoes if £7.50 is saved each week. How many weeks will it take if £5 is borrowed?

The graph below shows how long it will take to afford a £45 pair of shoes if £7.50 is saved each week. How many weeks will it take if £28 is borrowed?

If Henry starts with £3.50 and adds 10%, what does he now have?

If Aisha receives £18 each month, what is the most she could put into savings in a year?

Fill in the missing coordinate which lies on the line shown. (2, {{}})

Fill in the missing coordinate which lies on the line shown. ({{}}, 1)

If you borrow £25 from your friend and they say they want an additional 5% when you pay them back, how much must you pay back?

If I spent £60 on my debit card, but only had £40 in my account, my balance would likely say DR next to £20. What does DR mean?

Saving and borrowing

Lesson outcome

Content guidance