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Year 1

Is my money safe?

I understand that money has a value and needs to be kept safe.

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New
New
Year 1

Is my money safe?

I understand that money has a value and needs to be kept safe.

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Lesson details

Key learning points

  1. Coins have a value which is independent of their size, shape, colour or mass.
  2. Money has value so needs to be kept safe and looked after.

Keywords

  • Coin - A coin is a small flat piece of metal used as money.

  • Wallet - A wallet is a small, flat, folding case made of leather or plastic used for keeping paper money and credit cards in.

  • Safe - Safe means to be protected from any danger, harm or loss.

Common misconception

The experience of carrying cash will greatly vary at this age and some children might not have used coins before.

Start by drawing on the children's experiences so that you can successfully pitch the discussions prompted in the lesson. If necessary, get them to have a go at carrying coins in the ways mentioned in the slide deck - good or bad.


To help you plan your year 1 financial education lesson on: Is my money safe?, download all teaching resources for free and adapt to suit your pupils' needs...

Make sure you get the children to explain their reasoning when comparing safe places to store money. For example, you might want to get them to reason why a zip pocket is better than an unzipped pocket. This will help them to develop their responsibility for keeping money safe.
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Teacher tip
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Equipment

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Content guidance

  • Depiction or discussion of sensitive content
supervision-level

Supervision

Adult supervision recommended

copyright

Licence

This content is © Oak National Academy Limited (2025), licensed on Open Government Licence version 3.0 except where otherwise stated. See Oak's terms & conditions (Collection 2).

Lesson video

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6 Questions

Q1.
How many 1 p coins have the same value as a 5 p coin?
2
3
4
Correct answer: 5
6
Q2.
How many 1 p coins have the same value as a 10 p coin?
2
5
6
Correct answer: 10
Q3.
How many 5 p coins have the same value as a 10 p coin?
1
Correct answer: 2
3
4
Q4.
Which of the coins are worth more than 2 p?
An image in a quiz
Correct Answer: An image in a quiz
An image in a quiz
An image in a quiz
Correct Answer: An image in a quiz
An image in a quiz
Q5.
Which of the coins are worth less than 5 p?
Correct Answer: An image in a quiz
An image in a quiz
An image in a quiz
Correct Answer: An image in a quiz
An image in a quiz
An image in a quiz
Q6.
What is the total value of these coins?
An image in a quiz
Correct Answer: 18 p, 18p, 18 pence, 18

6 Questions

Q1.
Which of these is the safest way to store money?
On a table.
Correct answer: In a piggy bank or money box.
Q2.
Which of these is not a safe place to store money?
Correct answer: On the floor.
In a jar with a lid.
Q3.
Which of these is the best place to keep a piggy bank or money box?
Correct answer: Under your bed.
In the garden.
Q4.
Which of these would not be a safe place to keep a money box?
Correct answer: On the floor.
In a cupboard.
Q5.
Who do adults most often ask to look after their money?
Correct answer: A bank.
A library.
Q6.
Which of these is the safest way to carry money with you?
Correct answer: In a wallet in your pocket.
In your hand.