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 are you ready to learn a bit about money? Let's get started.

In this lesson, we're going to be thinking about the choices that we can make with money.

Are we going to spend it? Are we going to save it? Are we going to give it away to somebody maybe? And at the end of the lesson, we want you to know that you can choose what to do with your money.

It's your decision about your money.

So let's have a look and see what's in our lesson today.

We've got some keywords here, charity, save and spend.

So I'll take my turn to say them and then it'll be your turn.

So my turn.

Charity.

Your turn.

My turn.

Save.

Your turn.

My turn.

Spend.

Your turn.

I'm sure you've used those words before and you might have raised money for charity yourself, but look out for them as we go through our lesson today.

So in the first part of our lesson, we're going to be thinking about saving or spending.

And in the second part we're going to be thinking about saving, spending or giving.

So let's make a start on part one.

And we've got Andeep and Laura with us today in the lesson.

Andeep and Laura go to the beach.

Do you like a day out at the beach? I wonder if you live close to a beach.

You might live quite a long way away from a beach.

So it might be something that you only get to do perhaps on holidays if you go to the seaside.

But Andeep and Laura are off to the beach.

Laura says, "I'm looking forward to making a sand castle." It's fun making sand castles, isn't it? And Andeep says, "We both have £5 to spend.

I'm very excited." So Andeep's very keen to get to the shops at the seaside perhaps and spend his money.

Andeep buys a bucket and spade.

"They cost £2." He says.

"It'll make it much easier to build our sandcastle." Laura says, "I'm quite happy just using my hands, but I guess a spade might be useful as well." So she's not buying a bucket and spade.

She's going to build with her hands.

Andeep gets hungry and buys an ice cream.

"It costs £1.

50 so I will still have some money left." So we can see the coins he's used have been crossed out, but he got 50p change 'cause he paid £2 for his ice cream and got 50p change, so he's got £1.

50 left.

Laura hasn't spent anything yet.

She says, "I might get an ice cream later.

At the moment, I'm too busy sand castle building." So Andeep's having a break from his sand castle building.

Maybe he was faster with his bucket and spade, perhaps.

Andeep sees some people playing with a beach ball.

Hmm, time to check your understanding.

He says, "They cost £2 and 50p, £2.

50.

I haven't got enough money left." How do you think Andeep is feeling at the moment? Pause the video, have a think, and when you're ready for some feedback, press play.

How do you think he might be feeling? I wonder what you think.

You might have come across the word, "Regretful." He might regret having spent all his money and now he hasn't got enough left.

He might just be feeling a bit sad because he'd like to play with the beach ball.

But Laura says, "Don't worry Andeep, let's buy a beach ball together." Oh, isn't that really kind? So she's going to give him some money, put their money together so they can afford to buy the beach ball.

So Andeep's got £1.

50 and it costs £2.

50, so Laura's going to give him a pound of her money and then between them they can buy the beach ball.

Time for you to do some practise and have a think about a trip to the beach.

So these items are for sale at the beach.

There's a beach ball for £3, a bucket and spade for £2, an ice cream for £2, a bounce ball game for £7 and some sunglasses for £5.

You have £5 to spend.

What would you buy? Hmm.

Laura says or maybe you would save your money.

"Maybe next time you could buy something more expensive." So what would you do? What would you like to buy at the beach? Would you spend your money? Would you save it? Have a talk to the people around you and decide what you might do with your £5.

Could you afford to buy all of those things? Pause the video, have your discussion and when you're ready for some feedback and to share some ideas, press play.

What did you come up with? Let's have a look and see what Andeep and Laura thought.

So these might be some of the things that you talked about.

Andeep says, "I'd save up for the bounce ball game." I think perhaps he's learned from his buying of buckets and spades and the ice creams and things.

He's going to save up.

He likes the idea of the bounce ball game.

That's something you could play lots and lots of times when you came to the beach, couldn't you? Or maybe even play it in the park or in a garden.

Ah, Laura's decided she's gonna spend her money.

She says, "I'm buying the sunglasses.

They're really cool." They do look good on you, Laura.

And they'll also help to protect your eyes from the strong sunlight at the beach, won't they? I'm hoping the sun's shining when you're at the beach.

I wonder what you decided.

Did you decide to spend your money or to save it for another time? So let's think about some more ideas.

So we've got save, spend or give your money.

We did have one example of Laura giving Andeep a pound, didn't we, in that last one, so that they could both play with a beach ball.

So let's have a look at what we're going to think about in part two.

Save, spend or give.

Ah, we're going to play a game, and Andeep and Laura are going to show us how to play a game using cards.

Andeep says, "We start with £5.

We each take a card on our turn." Laura says, "We can spend money or save it.

And after we've both had a turn, we take another two £1 coins." So after they've both had a go, they both get another £2.

So let's have a look and see what the cards are going to get them to do.

Andeep goes first.

And Laura says, "He turns over the first card and gets a piece of chocolate cake." And it costs £2.

"I like chocolate cake so I'm definitely going to buy this." Says Andeep.

£2 has gone but he's got his chocolate cake.

Well, his card with chocolate cake on it.

Then it's Laura's go.

She's still got her £5, remember, she hasn't had a turn yet.

She turns over a toy car and it costs £3.

What would you do? What do you think Laura should do? Laura says, "I quite like toy cars but I'm going to save my money." So she doesn't buy the toy car, so she's still got £5.

Both children have had a turn.

So Andeep reminds them, "We each get two more £1 coins." So how much has each child got now? How much has Andeep got? He's got £5 'cause he spent £2 and he's been given another £2.

How much has Laura got? Well she's got £5 that she had and another two.

She's got £7 because she didn't spend her money in the first round.

So, "Andeep now has £5 and I have £7 because I haven't spent any money yet.

Right, time for another go.

It's Andeep's turn again.

Laura says, "He turns over the next card.

This one allows him to give to charity, and it says, "Give to the Happy Cat charity" And he can give £5 to the Happy Cat charity.

Andeep says, "I love cats.

I'm going to give £5 of my money to the charity." So he's given all his money to the charity.

It's Laura's turn again now.

She turns over a cuddly panda for £7.

Oh, she's got £7, hasn't she? She could buy it.

Would you buy the cuddly panda for £7? "He's so cute." She says, "And I could buy him but I'll save my money instead." Ah, so she's still going to save her money.

Both children have had another turn.

Andeep says, "We each get two more £1 coins." That's good.

Andeep's now got £2 'cause remember he gave all his money to the Happy Cat charity.

But Laura had £7 and she's got another £2.

So, "Andeep now has £2 and I have £9." She says.

"I still haven't spent any money yet." Right, into round three.

Ah, time for you to have a think about this one.

How do you think Andeep is feeling right now? He's turned over a card with a fairground ride costing £3.

He says, "Wow, I love fairground rides, but can I afford it?" How do you think he's feeling? Pause the video, have a think about it, and when you're ready for some feedback, press play.

What do you think? What words could describe his feelings? Oh, he says, "I wish I hadn't bought that slice of chocolate cake." He spent £2 on the chocolate cake, didn't he? If he hadn't spent that, he'd have £4.

He'd have enough for the fairground ride.

Laura says, "I think you regret buying the cake." Yes, regretting something is when we sort of wish we hadn't done it.

So he wishes he hadn't bought that chocolate cake.

He regrets buying it.

Well, another check here.

What should Laura do this time? Laura has turned over a card that says she's got the chance to have an experience to meet a goat for £9.

And she's got it, hasn't she? She says, "I like goats, but it's quite expensive." What do you think she should do? Have a think about it, and when you're ready for some feedback, press play.

What did you decide? Are you a goat lover or not? What do you think? Laura says, "I'm going to pay for this because how often do you get to meet a goat?" Quite right, Laura, you might not always get the opportunity to go and meet a goat face to face, and that goat does look very friendly and very sweet, doesn't it? So Laura's going to spend her money.

I wonder if you thought that's what she should do as well.

I hope the goat is friendly and she doesn't end up regretting it.

Time for you to play the game now.

So you're going to decide turning the cards over whether to spend the money, whether to save the money, and potentially whether to give the money to charity if you get the opportunity to do that.

So you're going to take it in turns, choose to spend or save your money.

Start with £5 and remember that you both get another £2 when you've both had a turn.

Now, if you've got some coins to use, that's even better but you might just have to write down or draw your coins to keep a track of your money.

So here are the cards and you are to cut those out and play the game.

So pause the video, have a go at playing the game, and when you've had a go and made all those decisions, come back for some feedback.

How did you get on? Did you enjoy it? Did you get the card you wanted or were you a bit jealous because your partner got a card that you might have wanted? I wonder.

Let's have a look at some of the things that might have happened.

So Andeep and Laura had another go.

And this time Andeep got the meet to goat experience and he said, "I'm really happy because I saved up to meet a goat." He knew that card was in there and so he saved instead.

And Laura says, "I'm really happy because Andeep bought me an ice cream." But she said, "I'm disappointed that I couldn't afford the cuddly penguin." It does look very cute, but I'm glad you enjoyed your ice cream, Laura.

I hope you had fun playing the game.

Did you decide to save up for one of the more expensive things or did you just decide to spend your money, eat the ice creams and the chocolate cake and have fun that way? And we've come to the end of our lesson.

So we've been thinking about spending choices.

Saving, spending, or giving.

There's a lot about our feelings in there as well, isn't it? Not being able to afford something we want can affect our wellbeing and how we feel.

So it's always worth thinking carefully about what we do with our money.

Money spent is no longer yours.

Once it's gone, it's gone, isn't it? Money doesn't have to be spent all at once.

We can spend some and save some.

And by saving money over time, you can afford more expensive things.

But remember, it's a choice, and it's your choice.

You can decide what to do with your money.

I hope you've enjoyed exploring spending choices today.

I've certainly enjoyed talking about them with you, and I hope we'll get to work together again soon.

Bye-bye.