Money Heroes Learning Resource

Printable Resource | Ages 7-9 (KS2)

Budget bonanza

Overall time: 50 minutes

Introduction

Theme |How to manage money

Give children the chance to spend a class stationery budget, while making sure they plan their spending carefully.

Themes

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

Learning objectives

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.

Quality Mark

The Financial Education Quality Mark gives educators confidence that the financial education materials they are using are of the highest educational value, contain accurate and up-to-date information and are engaging and relevant for young people.

About this activity

Timing: 50 minutes

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.

Resources needed

Key vocabulary

budget, cheap, cost, offer, price, price per unit, quality, quantity, spend


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