Value for money?
I understand that value for money can mean the best deal for everyone or the best deal for me.
Value for money?
I understand that value for money can mean the best deal for everyone or the best deal for me.
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Lesson details
Key learning points
- Value for money can mean feeling you are getting more for your money or the best deal.
- Calculations can help you to work out what is good value for money.
- Value for money can be a personal matter or getting what you really want.
- Some things we spend money on might be an investment for the future.
Keywords
Value - The value of something is how much it is worth in money or other things for which it can be exchanged.
Value for money - Value for money is when you feel that what you have bought is well worth the money you have spent.
Invest / investment - To invest in something is to buy something in the hope of making a profit in the future. It is also called making an investment.
Common misconception
Pupils might believe that every deal is a good one and that value is only about the cost of something.
This lesson gives pupils time to discuss what they think is valuable and then to calculate offers and decide if it is a good deal and gives them value for money.
To help you plan your year 6 financial education lesson on: Value for money?, download all teaching resources for free and adapt to suit your pupils' needs...
To help you plan your year 6 financial education lesson on: Value for money?, 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 2 financial education lessons from the Budgets and ethical spending unit, dive into the full primary financial education curriculum, or learn more about lesson planning.
Equipment
Content guidance
- Depiction or discussion of sensitive content
Supervision
Adult supervision recommended
Licence
Prior knowledge starter quiz
6 Questions
Q1.The government writes a Spring and Autumn to plan how to raise and spend taxes.
Q2.True or false:
Adults pay some of the money they earn back to the government to help to fund things like education and the NHS.
Q3.Some pupils are going on a school trip. The total cost is £2,500 and they have raised £1,750 so far. What does the ? represent in the bar model?

Q4.What is the value of the deficit in the bar model?

Q5.The pupils have 20 weeks to raise the £750 so how much money do they need to raise each week?
Q6.If there are 30 children trying to raise the £750, how much money would each child need to raise?
Assessment exit quiz
6 Questions
Q1.Is this always, sometimes or never true?
The value of something is how much money it is worth.
Q2.Which word describes something you might buy now, keep safe and hope that it is worth more money in the future?
Q3.Value for money means
Q4.Football boots are on special offer - Buy one pair and get the second pair half price. How much are you saving if you buy two pairs?

Q5.Aisha says that she is going to buy just one pair.. Why do you think she has made this decision?

Q6.The school has a budget to buy a set of football boots for the team. Should they take the shop up on the offer?
