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Lesson introduction

This lesson is designed to help children understand the connection between having a job and earning money from that job, which will then allow them to buy the things they need and want. It introduces the idea of having a bank account, and explains two key ways for accessing the money in the bank account, namely by using a bank card in store or by withdrawing cash from a cash machine.

For this lesson, children need to have a secure knowledge of coins and notes, and an understanding that they can be exchanged for the things we want to buy in shops.

Learning objectives

To:

  • understand the important role money plays in our lives
  • understand where my money comes from

Learning outcomes

By the end of this lesson children will:

  • know that, in the future, they can earn money by working and being paid for the work they do
  • understand that the money they earn from working can be kept in a bank account
  • be able to describe some of the ways to access money kept in a bank account (card payments and cash withdrawals from ATM)

Key vocabulary

Testing, lessons, plans, money, cost, coins, dollar

Financial Education Planning Frameworks

The Young Money Financial Education Planning Frameworks underpin all of our resources and support the planning, teaching, and progression of financial education. They are designed to help you deliver financial education flexibly across your curriculum.

Download planning frameworks