Introduction to fraud and scams

This lesson contains content from a lesson previously titled Money skills lesson four: Dealing with financial dilemmas.

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 Introduction to fraud and scams lesson focuses on encouraging students to understand the difference between fraud and scams and recognise how to perceive different financial mistakes and threats.

Resources

• Introduction to fraud and scams: Lesson plan - for use with a group of students in the classroom.
• Introduction to fraud and scams: Presentation slides - to display to students and use alongside the lesson plan.

Lesson learning outcomes

By the end of the lesson students will be able to:

• Understand the difference between fraud and scams.
• Recognise different types of fraud and scams and perceive different financial mistakes and threats.
• Understand how to protect their data, keep their financial information safe and develop good online habits.
• Define what a money mule is and understand the negative consequences.

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.