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Hello, my name's Mrs. Hopper and I'm really happy to be working with you in this unit on personal finance.
So what do we mean by personal finance? Well, it's all about us and our money.
So we are going to be thinking about money in different ways, thinking about how we get money, what we can do with money, and how money makes us feel.
So you ready to learn a bit about money? Let's get started.
In this lesson, we're going to be thinking about how much money we've got, and by the end of it, we're going to know the value of different coins and notes.
You might already have done some work with money, so this will be a good chance just to go back and check that we know exactly what these coins are worth and what these notes are worth that we're going to look at.
So let's see what we're going to be thinking about in our lesson today.
So these are the words we're going to be using in our lesson today.
Coin, note, and value.
I'll take my turn to say them and then it'll be your turn.
Are you ready? My turn, coin.
Your turn.
My turn, note.
Your turn.
My turn value.
Your turn.
I'm sure there are words that you've used before, but listen out for them in our lesson 'cause we're going to be using them a lot today.
In the first part of our lesson, we're going to be naming the coins and notes.
And in the second part, we're going to be thinking about the value of the coins and notes and making them in different ways.
So let's get started.
And we've got Andeep and Laura helping us in our lesson today.
Andeep looks in his money box.
And what he's gonna find? Have you got a money box? He says, "What coins do I have?" Let's have a look.
Well, there are his coins.
And Laura says, "Can you name each coin?" I wonder if you can do that.
You might want to pause before we name them together.
There's a clue isn't there on the coins? So let's have a sink.
So let's start with that first coin underneath Andeep.
Well, that's a 10-pence coin, isn't it? Or we can write it as 10 p.
What about the next one? That's a two-pence coin and we can write that as 2 p.
What about the next one? That's not a circle, is it this one? It's a 20 pence coin and we can write that as 20 p.
And what about the last one? And that's a one-pence coin or 1 p.
Did you get all of those? Well done if you did.
Laura looks in her wallet.
That's where she keeps her money.
I like the penguins on it Laura.
She says, "What coins do I have?" Should we have a look? There are Laura's coins and Andeep says, "Can you name each coin?" I wonder if you can, you might want to just stop and have a think about that before we name them together.
So let's have a look.
So what coin is closest to Andeep that Laura has in her wallet? Which is that? Well, that's a five-pence coin or 5 p? What about the next one? Another one that's not round, that's a 50 pence coin or 50 p.
And can you see? It says 50 pence on it.
The next one gives us a clue as well, doesn't it? Again, not a round coin.
This is a one pound coin, so it's worth one pound.
And what about the last one? That's a bigger coin, isn't it? The biggest coin that we usually use and it's a two-pound coin.
Two pounds.
Well done if you've got all of those right.
It's useful to be able to recognise the coins from their colour, their size, and their shape.
Now Laura says there's one of every coin here in this picture.
Is she correct? Pause the video and have a look and when you're ready for some feedback, press play.
How did you get on? Is there one of every coin here? Every coin that we usually use, you do get special coins to commemorate special occasions sometimes, but we don't usually use those in shops.
So is Laura right? Did you spot it? Oops says Laura, there are two 1 p coins and there's no 10 p coin.
Should we correct that? There we go.
We've changed one of the 1 p coins for a 10 p coin.
Not the same value, obviously.
So now we've got one of each of the eight coins that we use on a regular basis.
Now is Andeep correct? Andeep says a two-pound coin has the largest value.
Hmm, I wonder, can you think of anything that has a larger value than a two-pound coin? Oh, Laura says, notes have greater values than coins.
So the two-pound coin might be the highest value coin that we usually use, but notes have greater value.
Let's have a look at the notes.
So these are some of the notes that we use.
They're the notes that we use most commonly.
There are others, but we don't usually use those.
So these notes, we've got a picture of King Charles on them.
Now some of the notes you use may still have a picture of Queen Elizabeth II on them, but now we have King Charles.
The notes will gradually change and we'll see his face on the notes more often.
What about the value of these then? We've got a 5-pound note, a 10-pound note and a 20-pound note.
And they're very clearly marked on there with the numbers.
And they're also different colours.
Right, time for you to do some practise.
You are going to match each note and coin to its value.
Got lots there.
So you're going to draw lines to match them all up.
And then question two, you've got four coins here and you're going to find the odd one out.
I wonder which one it could be.
Andeep says which coin is different from the others.
Laura says, explain why it's the odd one.
Andeep says, it could be any of them.
Can you find a way of explaining why each of those coins could be the odd one out? Pause the video, have a think about it.
And when you're ready for the answers and some feedback, press play.
How did you get on? Let's look at the matching first.
Oh, look at all those lines.
So we have a 10-pence coin, a one pound coin, a 5 p coin, a 20 pence coin, and a 50 pence coin matching to those values.
And then a 20 pound note, a 10 pound note and a 5 pound note.
I hope you got all those matched up correctly.
Remember, there's always a clue on the coins and the notes.
They have the value written on them.
So what about question two, finding the odd one out.
Did you find a reason why each of those coins could be the odd one out? Here are some that Andeep and Laura came up with.
Andeep says 50 p could be the odd one out because it's not a circle.
Laura says the two-pound coin could be the odd one out because it's worth pounds and not pence.
Ah, the 2 p coin and it says it's bronze or copper coloured, isn't it? And the 10 p coin is the only silver circle coin in that set.
So lots of different ways that we could think about how those coins look and what they're worth to say that they might be the odd one out in that set.
I hope you had fun exploring all the different coins and notes.
Let's move on to the second part of our lesson.
We're going to be thinking about the value of coins and notes.
Here's a statement.
Bigger coins have a larger value.
And Andeep says, "Is this always, sometimes, or never true?" You might want to have a little think about this before we talk about it together.
So what do you think? Is it always, sometimes, or never true? Let's have a look.
Well, a 10-pence coin is bigger than a five-pence coin and it has a greater value.
So it's true for those two coins, isn't it? I wonder if it's true for all coins though.
Let's have another think.
Well a 10-pence coin is actually bigger than a 20 pence coin, but it has a smaller value than a 20 pence coin, doesn't it? So can we always say that bigger coins have a larger value? We can't, can we? It's sometimes true, but it's worth remembering that we can't just tell the value of a coin by how big it is.
Let's check our understanding of that.
Andeep says, I've ordered the coins from the lowest value to the highest value.
And Laura says, is Andeep correct? Over to you.
You're gonna have a check.
Is he right? Has he ordered the coins from the lowest to the highest value? Pause the video, have a go.
And when you're ready for the answer and some feedback, press play.
So is Andeep correct? No he wasn't.
Did you spot that he'd got the 10 p and the 20 P coins the wrong way round? Maybe he'd looked at the size and thought the 20 p coin was smaller.
But remember, smaller coins don't always have a smaller value.
We have to look at the coins carefully and look at the numbers that are written on them.
So Andeep has a 10-pence coin and he is also thinking about one Ps, two Ps and five Ps.
He says, how many one-pence, two-pence, and five-pence coins would have the same value? So how many one-pence coins would have the same value as a 10-pence coin? How many two-pence coins would have the same value? And how many five-pence coins? Again, you might want to have a think before we share our thinking.
So let's think, we've got 10-pence.
So how many one-pence coins would that be worth? Well that will be worth ten one pennies, wouldn't it? Ten one penny coins will have the same value as one 10-pence coin.
What about two-pences? We could count up, couldn't we? Should we have a go? So let's count in twos.
2, 4, 6, 8, 10.
So that would be five two-pence coins.
So five two-pence coins have the same value as one 10-pence coin.
What about the five-pence coin? Could we count in fives? Let's have a go, five 10, ooh two.
If I imagined a five P on each of my fingers, I'd have two five-pence coins.
So two five-pence coins have the same value as one 10-pence coin.
They don't all look the same though, do they? But they do all have the same value.
Time to check your understanding.
Laura has a 20 pence coin.
She says how many two-pence, five-pence, and 10-pence coins would have the same value? So this time we're counting up to 20.
So can you use your skip counting in twos, fives and tens to work out how many of each of those coins would have the same value as 20 pence? Pause the video, have a go.
And when you're ready for the answers and some feedback, press play.
How did you get on? So this time we were going up to 20 pence.
So how many two-pence coins? Well we'd need 10 of them, wouldn't we? If we counted up 2, 4, 6, 8, 10, 12, 14, 16, 18, 20, we'd have used 10 twos, ten 2 p coins.
What about the 5 p coins? Can we count up in fives to 25? 5, 10, 15, 20.
That's four.
So four five-pence coins.
And what about our 10-pence coins? We count in tens 10, 20.
So we'd need two 10-pence coins.
So again, these values all look very different, but they're all worth 20 pence.
Ten two-pence coins, four five-pence coins and two 10-pence coins.
Well done if you worked those out.
Andeep has a 10 pound note.
He says how many one-pound coins, two-pound coins and five-pound notes would have the same value? And let's have a think.
You might want to have a think before we share our thinking.
So this time we've got a 10 pound note.
It's worth 10 pounds.
So that's 10 lots of one pound, isn't it? So ten one pound coins which have the same value as a 10 pound note.
What about two-pound coins? So we count again, we could count up in twos, couldn't we? 2, 4, 6, 8, 10.
So that's five lots of two-pound coins.
So five two-pound coins which have the same value as one 10 pound note.
And what about five pound notes? Should we count in fives? Five pounds, 10 pounds.
So two five pound notes would have the same value as one 10 pound note.
Again, they look very different.
You might think you had more money with all those one pound coins in your pocket, but it's exactly the same as having one 10 pound note.
Andeep compares some amounts of money.
He asks, "Is a 20 pound note less than, greater than, or equal to ten two-pound coins?" I wonder, could we use our counting in twos to help us here? You might want to have a go.
So what do we think? Laura says they have the same value.
10 lots of two pounds, 10 times two is 20.
So 10 lots of two-pound coins is equal to 20 pounds as well.
So our 20 pound note is equal to ten two-pound coins.
They're also worth 20 pounds.
So we can use an equal sign between the values.
Time to check your understanding.
Can you compare these amounts of money? We've got three five pound notes and one 20 pound note.
Is a 20 pound note less than, greater than, or equal to three five pound notes? Pause the video, have a go.
And when you're ready for the answer and some feedback, press play.
What did you think? Should we count in five? We've got three five pound notes, haven't we? 5, 10, 15 pounds.
So 15 pounds is less than 20 pounds.
So three five pound notes is worth less than one 20 pound note.
Well done if you've got that right.
Now, which wallet do you think contains more money? Andeep's or Laura's? Well, can't really tell just from those pictures.
Let's see what they say about their wallets.
Andeep says my wallet is very heavy.
Sounds as though it's got lots of money in it Andeep.
Laura says, my wallet is very light.
So what do you think? Which wallet do you think contains more money? Have we got enough information? Let's see what else they can tell us.
That's what's in Andeep's wallet.
Look at all that.
What's he got? He's got four pounds and a 50 pence and a 20 pence and 50 plus 25 tens plus two tens is 7 tens.
That's 70, so he's got four pounds and 70 pence.
What's Laura got? She's got a five pound note.
So which wallet contains more money? It's Laura's, isn't it? Laura's got five pounds.
And even though Andeep had more things in his wallet, more coins, more pieces of money that only worth four pounds 70.
So sometimes the lighter wallet might have notes in it, it might have more money in it.
And it's time for you to do some practise.
So we've got some cards for you and the cards show coins and notes.
And first thing you're going to do is match up the pairs that show the same value.
So you're going to have the cards facing upwards so you can see what's on them and match them to find the pairs of cards that have the same value.
So let's have a look at an example.
So Laura says four five-pence coins are equal to a 20 pence coin, four fives 5, 10, 15, 20.
So four five-pence coins are equal to that 20 pence coin.
So that will be a pair.
And a five pound note is equal to five one pound coins.
So that would be a pair as well.
So task one is to take the cards and to sort them into pairs.
Then you are gonna play a game with them.
So for question two, you're going to turn the cards over so you can't see the values anymore.
And then you're going to take turns to turn over a pair.
So choose two cards and if they have different values, you're gonna turn them back over again.
So Andeep's turned over one pound and 20 pence.
They're not the same value, so he's going to turn those back over again.
Ah, but this time we've turned over one pound and two 50 pence pieces.
Well, two 50 pences is the same as one pound, so they have the same value.
And if your pair of cards has the same value, you get to keep them.
So can you get more pairs of cards than the person you are playing with? I wonder.
Pause the video, have a go at those two activities with the cards.
And when you're ready for some feedback, press play.
How did you get on? Did you have fun? Did you have fun with all those cards and the pictures of the coins and notes? So here are some possible pairs that you might have found.
Andeep found five two-pound coins, and they have the same value as a 10 pound note.
Five lots of two pounds is equal to 10 pounds.
And Laura found that the value of a one pound coin is equal to two 50 pence coins.
If I've got 50 pence and 50 pence, I've got 100 pence, which is the same as one pound.
So what have we been thinking about in our lesson today? Well, we've been thinking about all those different coins.
There are one penny coins, two-pence coins, five-pence coins, 10-pence coins, and 50 pence coins.
And those are the coins that represent the pence.
And there are also one pound coins and two-pound coins.
And if we're thinking about pounds, we've also got five pound, 10 pound and 20 pound notes.
Now there are notes with higher values and there are some special coins with higher values, but we don't use them as often.
So we focused on the ones that you might well see around and about and when you are out shopping perhaps.
And we've also learned that you can make the same values using different coins and notes.
I hope you've enjoyed exploring what money you've got in our lesson today.
I've certainly enjoyed working with you, and I hope we get to work again soon.
Bye-bye.