How do you earn money? How does what you earn affect your spending and saving choices? This activity gives pupils the opportunity to meet adults from a variety of workplaces to help them learn more about the links between work, money and future lifestyle and goals. Inviting a volunteer or outside speaker into the classroom can help this subject ‘come alive’ when they speak from experience, tell personal stories and tackle concepts such as income tax and salaries, in a real-life context.
Theme |Understanding the role money plays in our lives
Give your child an insight into how adults earn money, and how that money is used, with the opportunity to ask questions.
The activity has three stages: 15mins pre visit, 15 mins visitor questioning, 45 mins post questioning activity.
This activity will cover the following themes from the Young Money Financial Education Planning Framework:
- Understanding the important role money plays in our lives: Link between work and money, wider community
This activity will cover the following learning objectives from the Young Money Financial Education Planning Framework:
- I know that money is deducted from earnings to provide the things we all need
- I am beginning to understand that the choice I make about work and money will affect my life
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: 75 minutes
deductions, earn, insurance tax, job, money, national issurance, paid, pension, salary, wages, work
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