Life skills // Money & Finance
Buying Things
How buying and selling works: prices, paying for items, receiving change; the basic transaction process in shops and markets
Quick check
If the learner had a £2 coin and wanted to buy a snack for 80p, could they work out roughly how much change they'd get back?
Ask this to see whether the topic is secure.
Topic // Mastery
What mastery looks like
- Explain what happens when you buy something in a shop (choose, pay, get change)
- Read a price label and say whether they have enough money to buy the item
- Act out a simple buying scenario using real or play coins
Topic // Map
Where this fits
- RequiredMust come first
- HelpfulHelps, but not essential
Before this
2 topics- What Money IsRequired
Money & Finance // Ages 5 to 7
Must understand money as exchange medium before practising transactions
- Coins & NotesRequired
Money & Finance // Ages 5 to 7
Must recognise coins/notes and their values before practising buying transactions
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Buying Things
Ages 5 to 7 // Concept
Leads to
6 topics- Making ChangeRequired
Money & Finance // Ages 7 to 9
Must understand buying transactions before calculating change
- Fair Trade & EthicsRequired
Money & Finance // Ages 7 to 9
Must understand buying before considering where products come from and who made them
- Ways to PayRequired
Money & Finance // Ages 7 to 9
Must understand buying transactions before exploring different payment methods
- How the Economy WorksRequired
Money & Finance // Ages 9 to 11
Must understand buying/selling before grasping supply and demand
- Budgeting Pocket MoneyHelpful
Money & Finance // Ages 7 to 9
Buying experience helps with realistic budgeting
- Advertising & SpendingHelpful
Money & Finance // Ages 7 to 9
Buying experience provides context for understanding advertising pressure
Life skills // Money & Finance
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