Money Week Year 5 Year 6 Finances Banks Shopping

A nice little unit on financial planning.

Some calculations required for better financial knowledge.

Introduce ‘My Money’ week to children. Explain that we are going to spend all week discussing money, using mathematical operations, setting a budget and thinking about how we will deal with money in the future.

Activity One
Come back together and allow groups to share mind maps. Lead into a discussion on what money is; use online dictionary to look for definition. Come to the conclusion that it is a medium of exchange; we exchange money for goods or services.

Make a list on the IWB of things which people use money for. Separate the list by highlighting things which people need and things that they want.

TTYP – what is the ‘currency’ of the UK? Explain that it is called sterling and it is split into pounds and pence.

Use PPT to check that children recognise all notes and coins of sterling.
Activity One
Children work in groups to mind map ‘money’.
Each group to have three colours –create a key to show things they know, things they think they know and questions they have. If I gave you £1000 right now, what would spend it on?

What might you wish you had spent it on in the future?

Can the children name any currencies of other countries?
(Euro, US dollar, Aus dollar, Yuan China, Rupee India etc)