Money Heroes Learning Resource

Printable Resource | Ages 5-7 (KS1)

Toy time

Overall time: 50 minutes

Introduction

Theme |Becoming a critical consumer

Help children make sensible spending decisions, such as making a choice to save for something important.

Themes

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

Learning objectives

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.

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

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.

Key vocabulary

afford, amount, buy, change, cheap, coins, money, notes, quality, save, savings account, spend


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