Where does money come from?
Lesson details
Learning outcome
I know where money comes from.
Key learning points
- Money can be given as a gift.
- Money can be saved.
- Money can be earned by doing jobs and helping people.
Keywords
Money - What you earn by working or selling things and use to buy things.
Save - To save is to keep money instead of spending it, especially in order to buy a particular thing.
Gift - A thing that you give to somebody, especially on a special occasion or to say thank you.
Earn - To get money for work that you do.
Common misconception
Children may not be aware where money comes from or make the connection between jobs and earnings.
Explain that many families get money through working but families are supported in other ways too.
Teacher tip
This lesson could start with asking the children, 'Have you ever bought something then wished you hadn't?' Be aware that not all of the children will be given pocket money and some families will not believe in paying children to help out. These could provide interesting talking points, however.
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.What is the value of this coin?
Q2.What is the value of this coin?
Q3.How much money is there altogether?
Q4.How much money is there altogether?
Q5.Laura says, 'There is £3 in total.' Andeep says, 'There is £6 in total.' Who is right?
Q6.Andeep has these three coins. How much money does he have in total?
Assessment exit quiz
6 Questions
Q1.Find the missing word. means to get money by doing work or jobs.
Q2.Laura would like to save up some money. How might she be able to get some money?
Q3.Laura saves up some coins. How much money has she saved altogether?
Q4.Laura wants to earn some extra money by doing jobs. Which jobs do you think she should definitely not be paid for?
Q5.Andeep wants to buy a cuddly toy which costs £8. He gets £2 pocket money every week. How many weeks would he need to save for?
Q6.Laura has earned some 50 p coins from doing jobs. She has £2 in total. How many 50 p coins does she have?
To help you plan your 2 financial education lesson on: Where does money come from?, download all teaching resources for free and adapt to suit your pupils' needs...
To help you plan your 2 financial education lesson on: Where does money come from?, download all teaching resources for free and adapt to suit your pupils' needs.
The starter quiz will activate and check your pupils' prior knowledge, with versions available both with and without answers in PDF format.
We use learning cycles to break down learning into key concepts or ideas linked to the learning outcome. Each learning cycle features explanations with checks for understanding and practice tasks with feedback. All of this is found in our slide decks, ready for you to download and edit. The practice tasks are also available as printable worksheets and some lessons have additional materials with extra material you might need for teaching the lesson.
The assessment exit quiz will test your pupils' understanding of the key learning points.
Our video is a tool for planning, showing how other teachers might teach the lesson, offering helpful tips, modelled explanations and inspiration for your own delivery in the classroom. Plus, you can set it as homework or revision for pupils and keep their learning on track by sharing an online pupil version of this lesson.
Explore more key stage 1 financial education lessons from the My money and me unit, dive into the full primary financial education curriculum, or learn more about lesson planning.