What happens when I spend money?
I understand what happens when I spend money.
What happens when I spend money?
I understand what happens when I spend money.
These resources will be removed by end of Summer Term 2025.
Lesson details
Key learning points
- Money spent is no longer yours.
- Money is exchanged for objects or services that have the same value.
Keywords
Buy - To obtain something by paying money for it.
Cost - The amount of money that you need in order to buy, make or do something.
Pay - To give somebody money for work, goods, or services.
Common misconception
Children might not be confident adding two numbers within 20 to calculate the costs of fruit.
Choose representations or manipulatives that you know will support the children in their addition as part of normal classroom practice.
To help you plan your year 1 financial education lesson on: What happens when I spend money?, download all teaching resources for free and adapt to suit your pupils' needs...
To help you plan your year 1 financial education lesson on: What happens when I spend 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 1 financial education lessons from the An introduction to money unit, dive into the full secondary financial education curriculum, or learn more about lesson planning.
Equipment
Content guidance
- Depiction or discussion of sensitive content
Supervision
Adult supervision recommended
Licence
Starter quiz
6 Questions



Exit quiz
6 Questions



Does not last
Lasts
Does not last