How can we pay for things?
I can explain the main payment types and how to budget effectively.
How can we pay for things?
I can explain the main payment types and how to budget effectively.
These resources will be removed by end of Summer Term 2025.
Lesson details
Key learning points
- There are multiple ways to pay, including cash, debit cards, credit cards and digital payments.
- A debit card allows you to spend directly from your bank account, while a credit card lets you repay money later.
- A budget is a plan that helps track income and expenses, making sure spending is controlled and savings are a priority.
- Budgeting means regularly checking and adjusting spending to avoid debt, cover bills and prepare for future costs.
- Successful budgeting involves spending within your means and using different payment methods wisely.
Keywords
Debit - money taken from a bank account and used for payment
Credit - money that can be used for payment but it is borrowed from a lender so interest might be charged
Budget - a plan for how to spend money and track income and expenditure
Budgeting - the process and plan of sticking to a budget
Common misconception
You only have to pay the minimum payment each month on a credit card to not pay any interest.
Unless your credit card is interest-free for an amount of time, if you pay the minimum payment each month, you will be charged interest. Some credit cards can charge up to 30% or more in interest, so it is best to pay it off in full each month.
To help you plan your year 9 citizenship lesson on: How can we pay for things?, download all teaching resources for free and adapt to suit your pupils' needs...
To help you plan your year 9 citizenship lesson on: How can we pay for things?, download all teaching resources for free and adapt to suit your pupils' needs.
The starter quiz will activate and check your pupils' prior knowledge, with versions available both with and without answers in PDF format.
We use learning cycles to break down learning into key concepts or ideas linked to the learning outcome. Each learning cycle features explanations with checks for understanding and practice tasks with feedback. All of this is found in our slide decks, ready for you to download and edit. The practice tasks are also available as printable worksheets and some lessons have additional materials with extra material you might need for teaching the lesson.
The assessment exit quiz will test your pupils' understanding of the key learning points.
Our video is a tool for planning, showing how other teachers might teach the lesson, offering helpful tips, modelled explanations and inspiration for your own delivery in the classroom. Plus, you can set it as homework or revision for pupils and keep their learning on track by sharing an online pupil version of this lesson.
Explore more key stage 3 citizenship lessons from the How can we manage money well? unit, dive into the full secondary citizenship curriculum, or learn more about lesson planning.
Equipment
Content guidance
- Depiction or discussion of sensitive content
Supervision
Adult supervision recommended
Licence
Lesson video
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Starter quiz
6 Questions
stores money with interest
helps teach money management to young people
share your account with someone
Exit quiz
6 Questions
money taken from a bank account and used for payment
a plan for how to spend money and track income and expenditure
money that can be used for payment but it is borrowed from a lender