Here we have suggested a variety of extension ideas linked into different curriculum subjects. The children can do them individually, in pairs, in groups or as a whole class activity.
looking at how to read statements. What's included.
how they operate. What they do.
from friends, from parents, from a building society or bank. How interest is involved.
planning/choices. Balancing what's coming in and what has to go out and what can be worked towards. Looking at salaries and ongoing regular household expenses.
the importance of always checking change carefully. Often mistakes are made.
realising that lights left on, heat too high, doors and windows left open, all mean wasting electricity and puts up bills.
what's involved? Balancing good ideas with setting up finance.
for charities to help less able in this country and abroad.
discussions of differences between a mortgage and rent (be sensitive to their varying home circumstances).
realising what's a necessity for living and which items are pleasures or luxuries.
debt/pressurising parents for latest gadget/clothes.
understanding this should be a priority plan as soon as you can.
for and against/earning through completing tasks.
why is it important? Where - in building society/bank/in piggy bank/hidden? Paying in full at the end, rather than taking credit.
just looking trips/choosing something specific.
the difference and how they represent invisible money.
who gets the money? What's it used for? How everyone who works has to pay towards it.
what services are included? How we depend on them therefore need to make allowances in budget.
how can you tell? By quality, amount, or that it's needed. Include 'cheap and expensive' terminology.
knowing that 'waste' means throwing money away e.g. buying more than you need. Throwing something away when it can be re-used.