Where can we save money?
I can explain the different ways to save and how people invest money.
Where can we save money?
I can explain the different ways to save and how people invest money.
These resources will be removed by end of Summer Term 2025.
Lesson details
Key learning points
- Ways to save are instant access, notice accounts and Cash ISAs, each with different interest rates and accessibility.
- Being a critical consumer helps people avoid impulse purchases and maximise savings through better interest rates.
- The Monetary Policy Committee (MPC) sets the Bank of England base rate, influencing savings, borrowing and inflation.
- Investments like stocks, bonds, funds, property, commodities and cryptocurrency generate returns but all carry risks.
- Investments like stocks offer greater returns, while funds provide stable growth for risk-averse investors.
Keywords
Interest - the money paid by a borrower to a lender for using their money; it’s usually expressed as a percentage of the amount borrowed or saved
Invest - putting money into something, like stocks, property or a business, with the aim of making a profit
Investment - the money used to buy assets like shares or property, hoping they will increase in value
Risk - the chance of losing money or not getting the expected return
Common misconception
Investments all carry the same level of financial risk.
There are many different types of investments and they all provide different risks. For example, cryptocurrency is very risky, whereas investing in funds provides more financial security.
To help you plan your year 9 citizenship lesson on: Where can we save money?, download all teaching resources for free and adapt to suit your pupils' needs...
To help you plan your year 9 citizenship lesson on: Where can we save money?, 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
doing what is morally right, fair and good
a dishonest scheme designed to trick people into giving away things
money that can be used for payment but it is borrowed from a lender
a plan for how to spend money and track income and expenditure
Exit quiz
6 Questions
the money paid by a borrower to a lender for using their money
putting money into something with the aim of making a profit
the money used to buy assets like shares or property