Money Heroes Learning Resource

Printable Resource | Ages 5-7 (KS1)

Toy time [at home]

Overall time: 50 minutes

Introduction

Theme |Becoming a critical consumer

Help child 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

Does your child ever ask for toys or games? For this activity your child will pretend to choose a toy to buy, from a catalogue or online. With an imaginary amount of pocket money, they will work out how long it would take to save for the toy. This will help your child to understand that they can make choices about how to spend or save their money, as well as understanding the value of items.

Key vocabulary

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


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