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Framework
This framework links teaching resources to the DfES guidance on Financial Capability through Personal Financial Education.
Click on the + sign to expand each objective and see the related resources.
understand the exchange of coins and notes for goods e.g. Exchange goods for coins in a role-play situation, for example a class shop and be able to count out the right amount of money. (103)
recognise that there are regular and unpredictable sources of money e.g. Discuss where money might come from for example earnings, allowances, benefits, pocket money gifts, winnings. (104)
where money goes
Curriculum Links:
Framework for PSHE and Citizenship: 1, 2, 4
NC subject links to En1/3a - e, 4a - c:
En2/2a - c: Ma2/4a, 4b
Objectives:
be able to talk about things that they may want to spend their money on e.g. Discuss how the class might spend £50 on resources. (105)
recognise that adults also have to spend money on familiar things like household expenses e.g. Use and investigate food bills, utility bills and cards, etc. in the role-play area. (106)
begin to understand the importance of keeping financial records e.g. Organise a role play bank which keeps track of children's imaginary savings over time in the context of a class project on 'The Jolly Postman' by Janet & Alan Ahlberg. (108)
understand the consequences of losing money or having it stolen e.g. Discuss if we lose something that needs replacing, what does this mean for the money we have? (111)
begin to be able to talk about how spending money and our satisfaction from the purchase may vary e.g. Discuss children’s choices in the context of 'Would you rather...' by John Burningham. (114)
Pupils could use the internet to find out about incomes and prices in different countries (e.g. Oxfam's On the Line project: www.ontheline.co.uk).
Objectives:
begin to understand that there are consequences to having more or less money e.g. Discuss questions such as: What happens if you have no money to buy sweets? Or for the bus home? Or if the school has no money? (115)
begin to understand that people have different standards of living in different countries e.g. Find out about different incomes and prices in different countries. (116)
what money is and the exchange of money