Hello, my name's Mrs. Hopper and I'm really excited to be working with you in this lesson from our Financial Education Unit.

In these lessons, we're going to be exploring money, how it makes us feel, how we can make good choices about what to do with our money and how we can make it safe.

So if you're ready to learn a bit more about finance, then, let's make a start.

So in this lesson we're going to be exploring how money can make us feel.

And by the end of the lesson, we should be able to describe the different emotions that money can create.

So let's make a start, see what we're going to be talking about in this lesson.

We've got four key words here.

We've got earn, employment, income, and qualification.

Before we get into what those mean, let's just practise saying them.

I'll take my turn and then it'll be your turn.

So my turn, earn, your turn.

My turn, employment, your turn.

My turn, income, your turn.

My turn, qualification, your turn.

Okay, let's explore what those words mean.

You may have used them yourself, or heard them used by people around you.

Let's have a look at them in more detail.

So to earn means to get money for work that you do and you maybe earn a little bit extra pocket money by doing jobs that you help out with around the house for you, maybe for some neighbours or maybe for relatives.

It's important to make sure that you've agreed what it is you're going to earn and what it is you're going to do for that money.

Employment means having paid work and at some point in the future, hopefully, you will have employment.

So you will be employed by somebody to work for them and they will pay you.

You will earn money for the work that you do.

Income is the money gained by working.

So you might hear people talking about income and their income.

And a qualification is gained when you complete a course or training.

And qualifications can help us when it comes to finding employment and can help us to improve our earnings and improve our income.

So we're going to use all those words as we go through this lesson.

So watch out for them.

There are two parts to the lesson.

In the first part, we're thinking about how would you feel in certain situations.

And in the second part we're going to think about what's important to you and how that might relate to the way we think about employment, income, and earnings.

So let's make a start on part one.

And in this lesson, we're going to meet Alex, Jacob, Sofia, Aisha, and some members of Aisha's family.

So Jacob and Sofia are talking about money.

Jacob says to Sofia, "How would you feel if I gave you 10 pounds?" You might want to think about what you'd feel like if you were Sofia.

How would you feel if Jacob gave you 10 pounds? You might want to pause before Sofia gives her answer.

So what do you think Sofia would say? Well, she says, "I'd be really surprised.

I'd be happy though," she says.

As long as Jacob's got the 10 pounds to give to Sofia and there's a reason.

But just randomly giving people 10 pounds is a slightly odd thing to do.

So I'm not surprised that she would feel surprised, but yeah, happy.

She's got 10 pounds.

He says, "I'm also going to give Aisha and Alex five pounds each." Hmm, what do you think about that? Well, Sofia says, "Now I'm really happy with my 10 pounds." Do you think she's just feeling happy? How would you feel if you knew you'd been given 10 pounds, but other people haven't been given as much money? Hmm, interesting, I wonder how Aisha and Alex feel.

Well, Aisha says, "That's very kind of you, Jacob." What about Alex, how might he be feeling? Oh, he says, "Hey, how come Sofia got 10 pounds?" Now we don't know the backstory to this, do we? There may be something that we don't know around this, but it's interesting to think how we feel about money.

You know, we might feel very happy that somebody's giving us money, but not if we don't feel it's as much as other people are getting.

Jacob says, "Actually, I think I'll give Aisha and Alex 20 pounds." Oh my goodness.

What do you think Sofia's feeling now? Well, Aisha says, "Wow, that's really generous, Jacob." It is very generous.

And Alex says, "Now I'm happy.

We're getting more than Sofia." Hmm, so how is Sofia feeling, do you think? "Hang on," she says, "I'm not so happy anymore." So time for you to have a bit of a discussion.

What do you think has changed Sofia's mind? First, Sofia was happy with 10 pounds and then she wasn't.

So why was that? What happened to change her mind? Pause the video, have a talk about that and when you're ready for some feedback, press Play.

I wonder how your discussion went.

These were some things that we thought you might have talked about.

Sofia says, "I didn't think it was fair that they got more." Hmm, I don't think Alex thought it was fair though when Sofia was getting more.

Ooh, Aisha says "Comparison is the thief of joy." Ooh, I wonder what you think that might mean.

Comparison is the thief of joy.

Alex, can you help us with that? Ah, yes.

He says, "Aisha means we're unhappy when we compare ourselves to somebody with more than us." Now that might be money or it might be other things that we want perhaps.

So we should be happy with what we've got.

If we start comparing ourselves with other people that way it's only going to lead to us feeling less happy than we were to start with.

So money can make us feel lots of different emotions and we've already seen just from that one little story how Sofia felt quite happy to begin with, but then not so happy.

How Aisha and Alex were well, happy, but a little confused as to why they hadn't got as much money as Sofia and then really happy when they got more.

So money can make us feel lots of different emotions and especially when we compare ourselves.

Jacob says, "I was excited when I bought my mom a present." Sofia says, "I felt proud when I saved money instead of spending it." Aisha says "I felt regretful when I bought a toy that I didn't really want." Regret is when we do something and then sort of wish we hadn't afterwards.

And Alex says, "I felt a bit guilty when my nanny bought me an expensive present." It can feel like they, can't it? If somebody gives us something that we really aren't expecting, we might feel a bit guilty about it.

Can you think of times when money has made you feel different emotions I wonder.

Aisha and Jacob think about their experiences and they're trying to think about when money gives them positive feelings and when it might give them a negative feeling.

So a positive being a good feeling and negative being one that not such a good feeling to have.

Alex says, "Excitement is a positive feeling.

So I'm going to put my experience here." So he was excited when he bought his mom a present.

That's a positive feeling.

Do you remember what Aisha said? Ah, yes, she regretted buying a toy that she probably didn't really want.

So regret is a negative feeling.

So she says, "I'm going to put my experience here.

I felt regretful when I bought a toy I didn't really want." Let's have a look at Sofia's and Alex's feelings.

Are they positive or not? Where would you put them on the table? So Sofia said, "I felt proud when I saved the money instead of spending it." And Alex said, "I felt a bit guilty when my nanny bought me an expensive present." Time to pause the recording and have a think.

Where would you put those feelings? Positive or negative? Pause the video, when you're ready for some feedback, press Play.

What did you think? Well, Sofia felt proud and that's a positive feeling, isn't it? We feel good about ourselves when we feel proud that we've done something.

She was proud that she'd saved her money.

What about Alex feeling a bit guilty? Yes, guilt isn't a very positive feeling, is it? It's quite negative.

So he's put that in the negative column.

He felt a bit guilty when his nanny bought him an expensive present.

Time for you to do some practise now.

Can you sort the situations onto this table? Sort them as to whether they're a positive feeling or a negative feeling.

So is it positive, like feeling happy or excited? Or is it negative, sadness, guilt or regret perhaps? So there are some situations for you to sort and you're going to sort them into the table.

So pause the video, have a go.

When you're ready for some feedback, press Play.

How did you get on sorting those different situations? There they are again.

I wonder where you put them.

This is where we put them.

So positive feelings where happiness at buying a present for somebody else.

Pride, saving up for weeks to buy yourself something.

Pride in that you are given some money for helping out a neighbour.

So you may be have earned a little bit of money and that gives you a good positive feeling.

You might feel proud.

And happiness that you've given some money to charity.

You've given some money to help others who are perhaps less fortunate than you are or to support a cause that you really believe in.

What about those negative feelings? If you lose your purse or your wallet, you might feel quite sad that you've lost some money.

You might feel quite cross that you weren't careful with it as well.

A friend buys you a much more expensive present than you bought them.

Oh, that can make you feel quite guilty, can't it? That's not a positive feeling.

That's definitely negative.

You buy something and then find it much cheaper somewhere else, oh no! So again, you might feel really disappointed that you spent more money than you needed to and that's a negative feeling.

And then you lend someone some money and never get it back.

Well, you might feel quite angry about that and you might regret lending that person the money, both negative feelings.

I'm on into the second part of our lesson, let's think about what's important to you.

So Aisha asks her family this question, "Does money make you happy?" Ooh, that's quite a big question, isn't it? I wonder what her family said.

What do you think they're going to say? Well, her mom says, "Good deeds make me happier than money does." So good deeds, that's doing something positive for somebody else or somebody doing something positive for you.

And that makes her mom happier than money does.

One of her uncles says, "The happiest countries are ones where income is most equal." Do you remember income is the money you earn for doing work.

So in countries where most people earn around the same amount of money, there's not a big difference between those who earn a lot and those who earn a little are places where people are happier.

Maybe it comes back to that comparison is the thief of joy that Aisha talked about earlier.

Aisha's other uncle says, "We need enough money to live our everyday lives." Yes, if we're comfortable living our everyday lives, that should make us happy.

And her grandmother says, "Once people can live comfortably, earning more money doesn't make much difference." It doesn't really, does it? If we've got enough money, then we should be happy, and earning any more doesn't really matter.

They're also thinking about the jobs that they do and the qualifications that you need.

And usually, better paid jobs, so jobs with a higher income where you earn more, you need higher qualifications for those jobs.

Not always, but quite often.

Aisha's mom says "Qualifications are important when it comes to getting employment." That is true, there are certain things that employers will look out to make sure that you have as a qualification, however, her uncle says, "But experience and personality are important too." Absolutely, he's right there.

Your experience and your personality are really important as well as your qualifications.

Her other uncle says, "Having more money means that you can do the things that you want to do." That is true, but having a "very well paid job," her granny says, "often means working very long hours." Let's have a pause and think about some of those things.

What would you rather have? Let's have a look at some ideas.

Would you rather have a stressful job with a high income, you work lots of hours, but can afford expensive holidays, is that something that is important to you? Or would you rather have a job that you really enjoy, but the income is much lower? Pause the video.

Have a think about those two statements.

What's important to you? And when you're ready for some feedback, press Play.

What did you think? How did you get on? Aisha says, "I'd really like to do something that I enjoy." That does sound good, doesn't it? Thinking every day when you get up to go to work and really looking forward to this, must be a positive feeling, mustn't it? Alex says, "I'm not sure.

Is there a job with a high income where you don't have to work long hours?" Well, Alex, that's what everybody's looking for, I suppose, isn't it? I think you have to work quite hard to get to that point, but it's worth thinking, even start thinking now, what's important to you? What do you enjoy doing? How would you like your work to fit in with things that you enjoy? What's important to you? Jacob thinks about what he'd like to do as a job.

He says, "I'd like to be a nurse.

I'd like to help other people when they're sick." And Sofia says, "There's lots of jobs in nursing and it must be very rewarding." Helping people when they're not feeling well and helping them to feel better and to get back to their normal lives must be a really rewarding job.

Aisha says, "You need a qualification to be a nurse.

You'll need a nursing degree." And Alex says, "I think you should be a doctor.

They get paid more than nurses." Oh, that's an interesting thought, isn't it? What do you think? Well, Jacob talks to Aisha's uncle who is a doctor.

He says, "Do you think I should be a nurse or a doctor?" Her uncle says, "Both are really good jobs.

It's quicker to qualify as a nurse and they get more contact with the patients so they actually see the patients more than a doctor might do." So to be a nurse, you need three years of training.

You get more contact with patients and it's possibly easier to get on the course to do the training.

What about being a doctor? Well, he says, "Doctors earn more money, but it takes longer to qualify and you have more responsibility." So it's a tough job being a doctor.

So five or six years to train, you do get a higher income than if you were a nurse.

But there's more responsibility and less patient contact.

You'd spend more time doing other things and not necessarily working with the patients.

I wonder what Jacob's going to think.

What would you think about those two different jobs? Which would you rather? Well, Jacob says, "I like being around people.

I think I'd prefer being a nurse." Time for you to have a discussion.

What's important to you? Here are some ideas.

So one idea is I'd like a job that's really easy to do.

Another is I'd like a job that makes me feel like I'm making a difference.

And the third one says, I'd like a job that has a high income, so I can afford expensive things.

What's important to you? Pause the video and discuss these ideas and when you're ready for some feedback, press Play.

How did you get on? Did you all agree? I suspect you might not have done.

We all have different ideas about what's important to us.

Here's what Jacob and Sofia thought.

Jacob said, "I'd like to do something that I really enjoy." Yes, getting up for work in the morning and thinking, "I'm really looking forward to the day," is really important to Jacob.

Sofia says, "I'd like to have a job where I get to travel the world." Ooh, that's interesting.

I wonder if that would be a high income one or something that makes you feel like you're making a difference.

Could be any of those, couldn't it? But she'd like to see the world through her work.

Time for you to do some practise and think about what's important to you.

You're going to sort some statements onto this diagram.

So the diagram asks you to put something at the top that's most important, and then order the other cards right down to the least important thing for you at the bottom.

So read each statement carefully and think about what's important to you.

You might find it helpful to discuss ideas with a partner, but remember, it's okay to disagree and I suspect you might well disagree.

What's important to you is important to you, not necessarily to somebody else.

So there are your statements and you're going to sort them onto the diagram.

So pause the video.

Have a go at sorting those and have a good discussion.

And when you're ready for some feedback, press Play.

How did you get on? Did you get a good discussion there? Did you agree maybe or did you disagree? Let's have a think, well, where you might have put these.

So here are some possible responses.

Jacob says, "I like being with other people.

I think enjoying your job is the most important." So this is the statement he put at the most important, I'd like employment doing something I really enjoy.

What about Aisha I wonder? She says, "I don't want an easy job.

I'd like a job that is interesting and challenges me." So her least important was the job that's really easy to do.

You may well have put them in different places on your diagram, but I hope you enjoyed the discussion, and spent a bit of time thinking about what's really important to you.

And we've come to the end of our lesson.

We've been thinking about how money can make us feel.

We've realised that money can make you feel a range of emotions.

Spending money wisely can make you and others feel happy.

Spending money unwisely can lead to regret and unhappiness and earning money can make you feel proud and give a sense of achievement.

I hope you've enjoyed exploring how money can make us feel and maybe thinking about some of those things that are really important to you.

I've certainly enjoyed discussing them with you, and I hope we get to work together again soon, bye-bye.