Updates to money skills resources

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 beyond, embedding skills to support with financial independence.

The content has been developed to engage your students with a mix of resource types including interactive tools and films. The majority of the content aligns to the Young Money Financial Education Planning Framework and has been awarded the Young Money Quality Mark. We also offer some resources which focus on numeracy (created in collaboration with National Numeracy) and gambling (created in collaboration with GamCare).

The table below outlines all our money skills resources broken down by age range and key topics they cover. We’ve listened to feedback stating a preference for shorter lesson plans and have implemented this where suitable, meaning shorter lesson plans and the creation of some new standalone lessons. Most lessons have been renamed to be more reflective of the content they contain.

The new lesson names are clickable and will take you directly to each lesson plan page.

 

Content adapted from New lesson name Topics
5-7    
(new lesson) Counting money
  • Counting
  • Recognising coins and notes
  • Needs and wants
(new lesson) Using money for shopping
  • Budgeting
  • Making cash and card purchases
7-11    
Samir’s birthday budget challenge (no change)
  • Budgeting
  • Keeping money safe
  • Contactless payments
  • Mobile banking
Banking and budgeting basics Introducing bank accounts and digital money
  • Bank accounts
  • Making digital payments
Banking and budgeting basics Planning how to spend money
  • Budgeting
  • Needs and wants
Making the most of money Smarter shopping skills
  • Value for money
  • Understanding advertising
Safe and sensible spending (no change)
  • Fraud and scams
  • Value for money
Gaming behaviours and spending money (created with GamCare) (no change)
  • Financial risks and gaming/ gambling
  • Controlled and uncontrolled spending
11-14  

 

Money lesson one: Recognising your money personality Exploring money attitudes and needs and wants
  • Money attitudes
  • Needs and wants
Money lesson two: Value for money Money aspirations and budgeting
  • Income and expenditure
  • Budgeting
Money lesson two: Value for money Planning for a big purchase and value for money
  • Value for money
  • Credit versus saving for a big purchase
Money lesson three: Next steps in your financial journey Introducing credit, saving and bank accounts
  • Credit versus saving
  • Bank accounts and statements
  • Saving habits
Money lesson four: Dealing with financial dilemmas Introduction to frauds and scams
  • Identifying fraud and scams
  • Money mules
  • Online fraud
Budgeting when gaming (created with GamCare) (no change)
  • Financial risks in relation to gaming and gambling
  • Controlled and uncontrolled spending
Digital payments (11 - 16) Digital payments
  • Types of digital payments
  • Benefits and risks of digital payments
Money and work (14 - 16) Getting to know payslips
  • Payslips
  • Income tax and NICs
11-16  

 

Maths in everyday life (created with National Numeracy) (no change)
  • Using maths in the real world
  • Feelings towards maths
14-16  

 

Money skills lesson one: Understanding and managing debt Planning budgets, credit and debt
  • Budgeting
  • Savings and credit
Money skills lesson two: Money and work Calculating salaries, payslips, student loans and pensions
  • Payslips
  • Deductions (including income tax, NICs and pension and student loan contributions)
  • Employee benefits
Money skills lesson three: Financial risk and security Exploring insurance
  • Assessing risk
  • Insuring against risk
Money skills lesson four: Financial risk and security Protecting against online fraud and scams
  • Identifying fraud and scams
  • Social media and text message fraud
  • Staying safe online
Understanding spending behaviours when gambling (created with GamCare) (no change)
  • Gambling behaviours
  • Uncontrolled spending risk
14-19  

 

The budgeting money game

(no change)

  • Budgeting
  • Needs and wants
16-19  

 

Financial survival skills Spotting online shopping scams
  • Identifying fraud and scams
  • Fraudulent emails and rental scams
  • Protecting against fraud
Financial survival skills Understanding overdrafts, credit cards and credit scores
  • Bank accounts and credit cards
  • Borrowing and debt
  • Credit scores
Finances and the world of work Managing payslips, pensions and self-employment
  • Employment versus self-employment
  • Payslips, tax and NICs
  • Pensions
Managing money and budgeting
Finances and the world of work Creating a work budget challenge
  • Financial terminology
  • Managing a work project budget
Planning your finances for the future Managing finances when renting or buying a home
  • Needs and wants when living independently
  • Managing bills
Staying in control of money when gambling (created with GamCare) (no change)
  • Gambling behaviours
  • Uncontrolled spending influences
19+  

 

Planning for financial independence (no change)
  • Salaries, payslips, tax
  • Saving
  • Planning for independent living