Life skills // Money & Finance

What Money Is

What money is and why we use it; that money is exchanged for goods and services; brief history from barter to coins to digital payments

Quick check

If you asked the learner why people use money instead of just swapping things, could they give you a sensible answer?

Ask this to see whether the topic is secure.

Topic // Mastery

What a learner can do once this topic is secure.

Explain that people use money to pay for things they need or want
Give an example of how buying worked before money existed (swapping or bartering)
Name at least two forms money can take (coins, notes, card, phone payment)

Topic // Map

What to learn first and what this topic opens up, with the reason for each link. Required links come first.

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What Money Is

Ages 5 to 7 // Concept

6 topics

Coins & NotesRequired
Money & Finance // Ages 5 to 7
Must understand what money is before learning to recognise specific coins and notes
Buying ThingsRequired
Money & Finance // Ages 5 to 7
Must understand money as exchange medium before practising transactions
Needs & WantsRequired
Money & Finance // Ages 5 to 7
Must understand money exists and is limited before distinguishing needs from wants
Saving MoneyRequired
Money & Finance // Ages 5 to 7
Must understand what money is before learning to save it
Buyers & SellersHelpful
Entrepreneurship // Ages 5 to 7
Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
Jobs People DoHelpful
Money & Finance // Ages 5 to 7
Understanding money as exchange helps connect jobs to earning

Life skills // Money & Finance