Term 3 Concept: Financial Capability - ‘Money Matters’
Next term the whole school concept has a Social Science & Maths focus and links to developing financial capability from an early age.
The key understanding the children will develop is that financial planning matters as it influences future choices and possibilities. The driving question, ‘how can we be smart with our money?’ will allow the children to explore the following aspects of money at an appropriate level.
- Money
- Spending
- Credit & Debt
- Saving & investing
- Income & taxation
- Budgeting & Financial management
- Setting goals
- Identifying & managing risk
- Rights & responsibilities
The children will develop an understanding of the value of money and the concept of “The Three S’s” (saving, spending and sharing). Through “The Three S’s” the children will learn that it is important to save a third of their earning, spend a third and share a third. The sharing could be within the family, local community or wider community, e.g. charities, church.
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