Budgeting Pocket Money
What a budget is; planning how to spend a fixed amount of pocket money or allowance; making trade-offs between different things you want to buy
Teaching approaches
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1 approach
If your child had £10 to spend at a school fair, could they plan in advance what to spend it on so the money lasts?
What a budget is; planning how to spend a fixed amount of pocket money or allowance; making trade-offs between different things you want to buy
Learning resources
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This concept
Check understanding
- Create a simple spending plan for £10 showing what they would buy and how much is left
- Explain what a budget is and why it helps to plan spending
- Identify a trade-off (choosing one thing means not having enough for another)
“If your child had £10 to spend at a school fair, could they plan in advance what to spend it on so the money lasts?”
Curriculum record
- Type
- Conceptual
- Subject
- Life Skills
- Domain
- Money & Finance
- Age range
- Ages 7–9