A credit card can be used use to buy goods and services and pay for them later.

A debit card can be used to take money directly from a bank account to pay for goods or services.

Borrow means to use someone else's money. It will be paid back later.

When a debit card is declined it means there isn’t enough money left in the account to pay.

How do we pay for things?

Financial education

This unit teaches financial priorities, simple budgeting, spending methods, and online spending awareness.

Making money decisions

Subjects which particular individuals may be sensitive to, eg, adoption, migration, bereavement or death, divorce, poverty, deprivation.

Depiction or discussion of sensitive content

Jun and Izzy have both bought the new Battle Robots comic. Jun owes his Mum £4 and Izzy used her pocket money. Which one has borrowed money?

Jun owes his Mum £4 for a comic. How long will it take him to pay her back?

Izzy has borrowed £2.50 from her Dad. It will take her five weeks to pay him back. How much is she paying back each week?

Used to buy things and pay for them later.

Takes the money straight out of a bank account.

Match the type of card to the definition.

Can a debit card always be used to pay for things?

Izzy thinks a credit card is magic as you don’t have to have the money and you can just keep buying things. Is she right?

The process of planning to spend an amount of money for a particular purpose.

Tick the items that you would need to save up to be able to afford if you had the money in the picture.

Postcards are 49 p each. If you have £3 then how many can you afford?

At a fairground, each ride costs a different number of tokens. Alex likes riding the rollercoaster. How many times can Alex afford to go on the rollercoaster with 12 tokens?

At a fairground, each ride costs a different number of tokens. Laura loves the dodgems. How many times can Laura afford to go on the dodgems with 16 tokens?

Snacks at the cinema cost different amounts. Jacob has £5 to spend and buys toffees and gummy bears. How many chocolate frogs can he afford to buy with the rest?

Content guidance

Depiction or discussion of sensitive content

Adult supervision recommended

This lesson will be removed by end of Summer Term 2025.

How do we pay for things?

Lesson outcome

Content guidance

This lesson will be removed by end of Summer Term 2025.