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're 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.

So in this lesson we're going to be thinking all about where money comes from.

Where do you think money comes from? Where does your money come from? Well, we're going to be answering those questions as we go through our lesson.

So let's see what we're going to be talking about.

We've got quite a few key words in our lesson today.

Money, gift, save and earn.

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

Are you ready? My turn, money.

Your turn.

My turn, gift.

Your turn.

My turn, save.

Your turn.

My turn, earn.

Your turn.

Well done.

Look out for those words as we go through our lesson today.

In the first part of our lesson, we're going to explore a phrase that you might have heard.

Sometimes when we ask for money and people are a bit, maybe a little bit cross that we've asked for it, they'll say money doesn't grow on trees, you know? So we're going to explore that.

Where does money come from? It doesn't grow on trees.

I certainly haven't got a money tree in my garden, sadly.

And then in the second part of the lesson, we're going to talk about earning money.

So let's get started on part one.

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

Laura wants to buy this cuddly toy.

It looks good, doesn't it? Do you like lions? It costs nine pounds.

Oh, I don't like the look on Laura's face though.

I wonder what's going on.

Should we find out? Yes.

Andeep's noticed it too.

He says, "Why are you sad, Laura?" Why might she be sad do you think? Oh, she says, "I don't have enough money." Well that would make you sad, wouldn't it? Not having enough money to buy the toy that you want.

So where does this money come from? It doesn't grow on trees, does it? Andeep says, "My granny's always telling me this.

It doesn't grow on trees." Laura says, "Well, where do you get money from then?" I wonder, where do you get your money from? Let's have a think about that.

Time to check some understanding.

How could Laura get some more money? Andeep says, "What ideas can you think of?" So pause the video now have a think about where does money comes from? And when you're ready for some feedback, press play.

What ideas did you have then about how Laura could get more money? Well, what could she do? She could save up her pocket money.

You might get some pocket money each week or each month and if you save it up, you get more and more to spend, don't you? So Laura could save some pocket money if she gets pocket money.

Oh, she might ask for some money for her birthday or she might ask for the lion for her birthday, I suppose.

But birthdays only come around once a year, don't they? So if you've just had your birthday, you've got a long time to wait.

Ooh.

Or she could do some jobs to earn money.

We're going to think more about that in the second part of our lesson.

But that's something to think about, isn't it? I wonder if you came up with any other ways.

Andeep and Laura get their money in different ways.

Andeep says, "I get two pounds pocket money every week." And you can see there his piggy bank.

I think he must put his two pounds in there to keep it safe.

Laura says, "I don't get pocket money, but I do get money on my birthday." She's still looking sad though, isn't she? Oh, she says, "But I've just spent my birthday money." So she hasn't got enough money for that lion, has she? We might get our money in different ways.

Some of you might get pocket money, some of you might wait for birthdays or other special occasions when people might give you money as a gift.

Andeep's got an idea.

Andeep's very kind.

He says, "I'm going to save up to buy the lion for Laura.

Two pounds each week." So how long would it take Andeep to save nine pounds? You might want to have a little think about that before we share our way of thinking about it.

So how long is it going to take him? He gets two pounds pocket money each week.

So after week one he'll have two pounds.

After week two he'll have two lots of two pounds, which is four pounds.

After three weeks he'll have three lots of two pounds, two pounds, four pounds, six pounds.

So that's equal to six pounds.

It's still not quite enough to buy the lion though, is it? After week four, he's got four lots of two pounds.

Should we count again? Two pounds, four pounds, six pounds, eight pounds.

Four lots of two pounds.

Not quite enough.

I think week five should do it though, shouldn't it? Yes.

After week five, he's got five lots of two pounds and five lots of 2 pounds is equal to 10 pounds.

So he's got more than he needs to buy the lion.

But that's quite a long time, isn't it? Five weeks for Andeep to save up and not spend his pocket money.

Andeep tells Laura about his plan.

He says, "I could save up my pocket money.

I'd have enough after five weeks." I wonder what Laura is going to say.

What would you say if a friend offered to do that? Oh, Laura says, "Andeep, you don't have to do that.

I will think of another plan." She says, "I will talk to Mum." That's a really good way of thinking about it, Laura.

Talk to an adult in your house.

Explain the situation to them and they might be able to help you.

But it was really kind of Andeep to offer to save up for Laura.

But I think that would be a bit too much to ask, wouldn't it? Not spending his pocket money for five whole weeks.

But Andeep does like the idea of saving his pocket money.

Remember he gets two pounds each week.

There's a book here.

He says, "How long would I have to save to buy this book"? The book costs six pounds.

Time to check your understanding.

Remember, he gets two pounds a week.

So how many weeks will it take him to save up? Remember, you can count in twos to help you.

Pause the video, have a go.

And when you're ready for the answer and some feedback, press play.

How did you get on? So week one, he has two pounds.

After week two he has two lots of two pounds, which is equal to four pounds.

And after week three he has three lots of two pounds, which is equal to six pounds.

And that's the price of the book.

So Andeep would have to save up for three weeks.

Time for you to do some practise.

So we're going to keep thinking about Andeep and his saving.

So he gets two pounds pocket money each week.

So question one, you've got three things that he's saving up for.

How long would it take him to save up for each item? The panda for 7 pounds, the car for 12 pounds and the trainers for 19 pounds.

And question two asks you, how much money Andeep would save in eight weeks? So pause the video, have a go at those questions and when you're ready for the answers and some feedback, press play.

How did you get on? So the panda, it would take him four weeks.

He'd need to save two pounds, four pounds, six pounds.

That's still not enough.

So he needs another week.

Eight pounds.

Then he'll have more than enough.

Four lots of two pounds is equal to eight pounds.

And Andeep would get one pound change because he saved eight pounds and he only needs to spend seven pounds.

So for B, what about the toy car? Well, it's going to take him six weeks.

Six lots of 2 pounds is equal to 12 pounds.

And for C, it's going to take him 10 weeks.

10 lots of 2 pounds is equal to 20 pounds.

And Andeep again would have just a bit more than enough so he'd get one pound change.

So B, asked us how much Andeep would save if he saved two pounds a week for eight weeks? So if we count up in twos Andeep would save 16 pounds in eight weeks.

Well done if you've got those right.

And on into part two of our lesson, we're going to think about earning money.

What do we mean by that? Well, Laura could earn money by doing some extra jobs.

Ah, so she's going to do a little bit of work to get her money.

Andeep says, "You could help out your family, friends, or neighbours." "That's a great idea." Says Laura, "I could save up enough money to buy the cuddly lion." Now, not everything we do, we get paid for.

And in different families in different houses it will be different.

You might get paid for some things but not for others.

And it might be different from house to house.

So some things Laura is definitely expected to do.

Keep her bedroom tidy, brush her teeth, eat her breakfast.

She says, "I don't think it's right that I get paid for doing these." These are just part of everyday life, aren't they? We don't get paid for those sorts of things.

Andeep helps Laura think of some extra jobs that she could do.

I wonder what you think they've come up with here.

Andeep says, "You could fold up the clean washing and put it away." You could help out the whole of the family.

You might be expected to put your own things away, but you could help out other people by putting things away.

Laura says, "I could clear up the leaves in the garden." That's often a big job, isn't it? At certain times of the year in the autumn when the leaves fall off the trees, they can get everywhere, can't they? And some times it's good to clear them up.

So maybe Laura could arrange to do that and earn some money.

Laura has a think of some jobs and tasks she might do.

So we've got taking a neighbor's dog for a walk, tying her shoelaces, helping to wash the car.

Hmm, time to check your understanding.

She says, discuss each task and if I could be paid for it or not.

Now your answers might be different, but have a think.

Which of those jobs do you think Laura could perhaps earn some money by doing? And which do you think, no, she shouldn't be paid for those? Pause the video, have a discussion and when you're ready for some feedback, press play.

What did you think then? Taking a neighbor's dog for a walk? Well, she might be paid for that, but she might think it's such fun.

She likes to do it anyway.

I must admit, I used to take my neighbor's dog for a walk, probably when I was about Laura's age.

I don't remember getting paid for it, but I did enjoy walking through the village with a dog to take for a walk.

What's about tying her shoe laces? No, she shouldn't be paid for that.

You might put your shoes on several times during the day, take them off if you go upstairs.

Take them off and change into some of other shoes.

So you can't be paid for tying your shoe laces.

That's just part of everyday life.

What's about helping to wash the car? Well, yes, she could be paid for that, but she'd have to agree at first, wouldn't she? So Laura should not expect to be paid for things, but she might be.

Time for you to do some practise.

You're going to have a look at some different jobs and think about whether they're jobs that Laura should definitely not get paid for, that she might or might not get paid for, and that perhaps she could agree to be paid to do.

So you've got a list of jobs to sort and you're going to sort them into this table.

So pause the video, have a go, and when you're ready for some feedback, press play.

How did you get on? Did you enjoy discussing all the different jobs? I wonder if you agreed, you might have disagreed on some of them, and that's absolutely fine.

Every family and every home is different.

These are some of the things that we thought.

So things that she should not get paid for.

Brushing her hair, no.

Tidying up her toys, putting her coat on, having a bath, eating all of her peas even if she doesn't like peas.

Everybody likes peas, don't they? Reading a book to her little brother.

They're all things that happen every day in houses all over the world.

And we don't get paid for doing those things.

Some things that you might or might not get paid for, maybe emptying the kitchen bin.

Not a very nice job, is it? But that might be part of how you help around the house and you might not get paid for it.

For other people, it might be something that they do to help out on a really busy day when nobody else has time to do it.

And in that list again, we've got helping to unpack the shopping.

That might be something you really enjoy doing, finding out what you've got, putting them in the right cupboards, feeding the dog, clearing the table after dinner and changing her bed.

So that goes in the middle.

You might or might not get paid.

Some of those things are just good things to do to help out in your home.

And things that she could get paid for, perhaps watering a neighbor's garden, maybe they're on holiday and they've asked to water some plants.

Clearing the snow from a neighbor's path.

Maybe they're not able to get outta the house easily.

And so that would be a good thing to do.

And they might give you a little bit of money to say thank you.

Cleaning out the hamster cage.

Well, the hamster's not gonna pay you, but the hamster's cage needs to be cleaned out.

Hamster needs to be clean and tidy and helping grandpa paint his fence.

That will be a lovely thing to do.

And grandpa might give Laura some money to say thank you.

You will have those in different columns.

Different homes are different, different families are different and that's okay.

So what have we been talking about and learning about in our lesson today? We've been thinking about where money comes from.

Realising that it doesn't grow on trees.

There are different ways that we can get money and different ways that we can use our money.

So money can be given as a gift.

So Laura said she got her money mainly for her birthday.

Money can be saved.

Andeep liked to save his pocket money, didn't he? And money can be earned by doing jobs and helping people.

But you need to agree if you're going to earn money doing a job and realise that not every job is one that you should be paid to do.

Some things we do as part of the team in our house, and we should not expect to be paid for doing them.

And every family and every home will be different.

Thank you for all your discussion and your thinking today.

I've really enjoyed thinking about where money comes from.

I hope you have too and I hope I get to work with you again soon.

Bye-bye.