The theme of ‘toys’, often a favourite in the Year 1 curriculum, is an excellent vehicle for teaching financial education. Pupils can consider the cost of buying toys and how long it would take to save up for a toy. It will help them to understand, in the wider sense, that they can make choices when it comes to spending and saving and that others may make different choices.
Theme |Becoming a critical consumer
Help children make sensible spending decisions, such as making a choice to save for something important.
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: wants and needs
This activity will cover the following learning objectives from the Young Money Financial Education Planning Framework:
- I know I have choices about saving and spending my money.
- I am beginning to understand I might run out of money unexpectedly if I don’t keep track of it.
- I am beginning to understand that people may make different choices about how to save and spend money.
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About this activity
Timing: 50 minutes
afford, amount, buy, change, cheap, coins, money, notes, quality, save, savings account, spend
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