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New
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Year 6

Value for money?

I understand that value for money can mean the best deal for everyone or the best deal for me.

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New
New
Year 6

Value for money?

I understand that value for money can mean the best deal for everyone or the best deal for me.

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Lesson details

Key learning points

  1. Value for money can mean feeling you are getting more for your money or the best deal.
  2. Calculations can help you to work out what is good value for money.
  3. Value for money can be a personal matter or getting what you really want.
  4. Some things we spend money on might be an investment for the future.

Keywords

  • Value - The value of something is how much it is worth in money or other things for which it can be exchanged.

  • Value for money - Value for money is when you feel that what you have bought is well worth the money you have spent.

  • Invest / investment - To invest in something is to buy something in the hope of making a profit in the future. It is also called making an investment.

Common misconception

Pupils might believe that every deal is a good one and that value is only about the cost of something.

This lesson gives pupils time to discuss what they think is valuable and then to calculate offers and decide if it is a good deal and gives them value for money.


To help you plan your year 6 financial education lesson on: Value for money?, download all teaching resources for free and adapt to suit your pupils' needs...

Allow time for pupils to explore what they think of as valuable including things that have sentimental or personal value rather than just monetary value. The lesson is designed to make pupils aware that some offers are there to encourage us to spend more money that we really need to.
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Supervision

Adult supervision recommended

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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.
The government writes a Spring and Autumn to plan how to raise and spend taxes.
deficit
Correct answer: budget
plan
tax
Q2.
True or false: Adults pay some of the money they earn back to the government to help to fund things like education and the NHS.
Correct answer: True
False
Q3.
Some pupils are going on a school trip. The total cost is £2,500 and they have raised £1,750 so far. What does the ? represent in the bar model?
An image in a quiz
Correct answer: deficit
budget
plan
tax
Q4.
What is the value of the deficit in the bar model?
An image in a quiz
Correct Answer: £750, 750
Q5.
The pupils have 20 weeks to raise the £750 so how much money do they need to raise each week?
Correct Answer: £37.50, 37.50
Q6.
If there are 30 children trying to raise the £750, how much money would each child need to raise?
Correct Answer: £25, 25

6 Questions

Q1.
Is this always, sometimes or never true? The value of something is how much money it is worth.
Always
Correct answer: Sometimes
Never
Q2.
Which word describes something you might buy now, keep safe and hope that it is worth more money in the future?
A valuable
Correct answer: An investment
A budget
Q3.
Value for money means
To invest in something in the hope of making a profit.
When you feel that what you have bought is well worth the money you spent.
You give some of your money to someone else.
Q4.
Football boots are on special offer - Buy one pair and get the second pair half price. How much are you saving if you buy two pairs?
An image in a quiz
Correct Answer: £14.25, 14.25
Q5.
Aisha says that she is going to buy just one pair.. Why do you think she has made this decision?
An image in a quiz
Correct answer: I only need one pair.
I don’t like football.
Correct answer: The shop is trying to make me spend more money.
Q6.
The school has a budget to buy a set of football boots for the team. Should they take the shop up on the offer?
An image in a quiz
Yes
No