Spending choices: save, spend or give?
I know that I can choose what to do with my money.
Spending choices: save, spend or give?
I know that I can choose what to do with my money.
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Lesson details
Key learning points
- Not being able to afford something we want can affect how we feel.
- Money doesn’t have to be spent all at once.
- Money that isn’t spent is saved – it doesn’t disappear and can be spent later.
- By saving money over time, you can afford more expensive things.
Keywords
Charity - Organisations for helping people or other things that are in need.
Spend - To give money to pay for goods and services.
Save - To save is to keep money instead of spending it, especially in order to buy a particular thing.
Common misconception
Many children are not familiar with the idea of saving or not spending their money.
Discuss times that the children may have bought something and then regretted it later. It's a good idea to think whether you really want something before you buy it.
Equipment
Content guidance
- Depiction or discussion of sensitive content
Supervision
Adult supervision recommended
Licence
Lesson video
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Prior knowledge starter quiz
6 Questions
Q1.Find the missing word. means feeling sad or disappointed at something you have done.
Q2.Find the missing word. means doing something or forgetting to do something and feeling bad.
Q3.Andeep and Laura get paid to help out in the garden. Andeep does more work. Which of these could be fair?
Q4.Andeep finds £1 on the ground. How might he feel?
Q5.Laura is given £5 she spend. She toys a toy. The following day, she sees something she really wants but cannot afford it. How might she feel?
Q6.Laura finds £1 coins in different places. Some she keeps. Which ones should she give to someone responsible to try and find the owner?
Assessment exit quiz
6 Questions
Q1.Andeep has £5. He spends £3. How much money does he have left?
Q2.Match together the words and the meanings.
an organisation that helps people or animals in need.
keep or store
use to buy something
Q3.Laura has £10. She spends £7 and gives the rest to charity. How much does she give to charity?
Q4.Andeep has three £1 coins. Laura has two £2 coins. Who has more money?
