To save is to keep money instead of spending it, especially in order to buy a particular thing.

To spend is to give money to pay for goods and services.

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

Save, spend or borrow?

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

To keep money instead of spending it, especially in order to buy a particular th

To give money to pay for goods and services.

To use someone else's money. It will be paid back later.

You have an agreed plan for paying back the money.

What do you need to be sure of when you borrow money from somebody?

Alex needs £3 to be able to buy a new football. Is it okay to borrow this from his dad?

It might mean you owe people a lot of money.

Why shouldn’t you borrow money from lots of different people at once?

True or false? It’s okay to borrow money as long as you agree when to pay it back.

True or false? Every time you want something quickly you should borrow as much as you need because then you get what you want quicker.

Tick the individual items that can be afforded with the money shown in the picture.

Sticker packs are £0.50 each. If you’ve £3 then how many sticker packs can you afford?

Which of these is the priority for a day at the beach on a very hot and sunny day?

Izzy is going shopping. If Izzy’s priority is her dad’s birthday present, which of these lists is written from most important to least important?

Your school has cricket and tennis matches coming up soon and a budget of £240 equipment. Tick the items your school should prioritise to buy.

Your school has sports day and a basketball tournament soon and a budget of £160. Tick the items your school should choose to buy to spend all the money.

Content guidance

Depiction or discussion of sensitive content

Adult supervision recommended

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

Save, spend or borrow?

Lesson outcome

Content guidance

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