Exploring money attitudes and needs and wants

This lesson contains content from a lesson previously titled Money skills lesson one: Recognising your money personality.

The suite of LifeSkills money skills content has recently been updated. Responding to insights from teaching professionals and the benefits of building key topics over time we’ve made changes enabling clearer sequencing through the content. This will support your students to deepen their knowledge as they progress through education and help embed skills to support with financial independence.

To see an overview of the updates and where key topics can be found please visit Money Skills resource updates. The wider suite of Money Skills content has been developed to engage your pupils with a mix of resource types including interactive tools and films, aligns to the Young Money Financial Education Planning Framework and has been awarded the Young Money Quality Mark.

The Exploring money attitudes and needs and wants lesson focuses on identifying and discussing money habits with your students, allowing them to start thinking about their current attitudes towards money, why they are important and how they can be improved. Students can also use interactive tools to reflect on their money habits and differentiate between needs and wants.

Resources

• Exploring money attitudes and needs and wants: Lesson plan - for use with a group of students in the classroom.
• Exploring money attitudes and needs and wants: Presentation slides - to display to students and use alongside the lesson plan.
• Money Personality Quiz: Interactive tool - to use as part of one of the lesson activities (Internet access required).
• Needs and Wants: Interactive tool - to use as part of one of the lesson activities (Internet access required).

Lesson learning outcomes

By the end of the lesson, students will:

• Have reflected on their own attitude to money and spending compared to others.
• Be able to prioritise needs and wants in different scenarios.

Why not include financial capability as a focus in your students’ wider curriculum? Refer to our Content guide to find out how LifeSkills resources can be used in PSHE or Maths lessons.

If you want to increase your own confidence to teach young people about money, Young Money provide free e-learning training to teachers across Primary and Secondary education. In addition, National Numeracy has a free website which helps you practise and refresh your everyday maths skills.