Author: jmcminn

Year 5 & 6
Cycle A (Term 2 )

What decisions can people make with money?
PSHE (Living in the Wider World)
Money, Decisions, Spending & Saving

In this unit the children will:
Explore and experience how people make decisions about spending and saving money and what influences them
Practise keeping track of money
Look at how people make choices regarding ways of paying for things they want and need and the pros and cons of these
Investigate the concept of “Value for Money” and what this might mean for them

Key Vocabulary
Current Account– Safe storage of money that can be spent immediately
Credit –buying something now but paying for it later
Loan– Money that is borrowed, often at a price
Debt– money that is owed to someone
Value– Is how much something is worth. This may be different for
different people
Budget-A certain amount of money available for spending on something

Key Knowledge
There are different ways to pay for the things you need or want Eg. current accounts, credit cards, savings, store cards & loans
There are risks associated with money (it can be lost, won, or stolen)
Money can affect people’s feelings and emotions, lifestyle and health

Quality Assured Resources
(£- cost)
Experian - Values, Money and Me (KS2)