You may think that your class stationery budget is tiny, but for a class of Year 3 or Year 4 pupils it’s a small fortune they’d love to get their hands on. Allowing them to make decisions about day-to-day school expenditure gives them a greater sense of responsibility. By taking control of your stationery budget, pupils will develop an understanding of how and why it is important to plan and track spending.
Theme |How to manage money
Give children the chance to spend a class stationery budget, while making sure they plan their spending carefully.
This activity will cover the following themes from the Young Money Financial Education Planning Framework:
- Becoming a critical consumer: keeping a record
- Becoming a critical consumer: decisions about saving and spending
- How to manage money: ways to pay
This activity will cover the following learning objectives from the Young Money Financial Education Planning Framework:
- I can plan and track my saving and spending by keeping simple records.
- I can take account of other people’s ideas and opinions when making decisions about saving and spending my money.
- I know that cash is only one way to pay for goods and services.
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About this activity
Timing: 50 minutes
budget, cheap, cost, offer, price, price per unit, quality, quantity, spend
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