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Please note
This unit has now been replaced by the Year 5 unit Economic wellbeing and will be unavailable from August 2024. This unit is no longer being updated.
Unit outcomes
Pupils who are secure will be able to:
- Understand that borrowing money is a way to pay for something but this has to be repaid.
- Understand what income and expenditure are and how these can be recorded.
- Understand that there are risks associated with money and what some of these are.
- Understand how to create a weekly budget, including prioritising needs over wants.
- Understand that stereotypes can exist in the workplace and how these can affect people.
Suggested prior learning
Archived unit: Y4 Economic wellbeing
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Lessons
Lesson 1: Borrowing
Lesson 2: Income and expenditure
Lesson 3: Risks with money
Lesson 4: Prioritising spending
Lesson 5: Stereotypes in the workplace
Key skills
- Discussing risks associated with
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Key knowledge
- To know that when
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Key vocabulary
Discrimination
Expenditure
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Cross-curricular opportunities
Mathematics
Measurement
Pupils should be taught to:
- use all four operations to solve problems involving measure [for example, length, mass, volume, money] using decimal notation, including scaling.
Suggested next steps
Archived unit: Y6 Economic wellbeing
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