How often does your child ask you to buy them something? It is important in everyday life to distinguish between what we need and what we want. This activity helps your child to understand the difference and can help them to think about how they use their own money.
Theme |Becoming a critical consumer
Give children the chance to understand the difference between needs and wants, so that they can make sensible money decisions.
This activity will cover the following themes from the Young Money Financial Education Planning Framework:
- Becoming a critical consumer: choices about saving and spending.
- Becoming a critical consumer: spending and saving priorities
This activity will cover the following learning objectives from the Young Money Financial Education Planning Framework:
- I can explain the difference between something that I need and something I might want.
- I am beginning to understand that people may make different choices about how to save and spend money
- I can make spending decisions based on my priorities needs and wants.
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About this activity
Timing: 60 minutes
buy, cost, money box, needs, price, save, spend, wants
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