Ways to Pay and Household Budgeting – KS2 Lesson Packs

Produced by HSBC UK in partnership with Young Money

Minimum Age: 7
Maximum Age: 11

This resource includes two complete lesson packs for Key Stage 2 pupils, covering the important topics of Ways to Pay and Household Budgeting.  Each lesson pack includes a detailed lesson plan, accompanying PowerPoint presentation, and printable PDF activity sheets and resources to support delivery of the lesson. There are also Parent Postcards to encourage families to talk about money at home.

Ways to Pay: This lesson is designed to help children understand the similarities and difference between various ‘plastic’ cards that are used to pay for things in shops. This includes using a credit card to borrow money and having to pay back more than you owe because of interest. Pupils use a ‘decision tree’ to select methods of payment and to make spending choices. They explain their decisions by giving advice to a fictional character.

Download this lesson here.

Household Budgeting: This lesson is designed to help children understand regular household expenses such as rent, council tax, utility bills and food. It introduces them to the concept of budgeting and to a simple monthly budget planner. The children also complete a payslip with pay and deductions to work out if a fictional character is earning enough to balance his budget.

Download this lesson here.

These lessons are two of four primary lesson packs produced by HSBC UK in partnership with Young Money. The four lessons introduce key concepts of money to pupils in Key Stage 1 and 2. The use of simplified graphics and practical activities enable pupils to access learning and become aware of how money is earned, stored and spent, while also developing an awareness of the key concepts of the difference between needs and wants and the importance of budgeting.

You can access the key stage 1 lesson packs here.