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Year 3

How can I keep track of my money?

I understand that keeping track of money helps to keep it safe.

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New
New
Year 3

How can I keep track of my money?

I understand that keeping track of money helps to keep it safe.

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Lesson details

Key learning points

  1. Money has value so needs to be kept safe and looked after.
  2. Keeping track of money allows you to see what you have spent and what is left.
  3. Banks provide a way to keep your money safe.
  4. Banks help people to keep track of spending and saving.

Keywords

  • Record - A written account of something that is kept so that it can be looked at and used in the future.

Common misconception

Sometimes money is lost and the person who lost it is not to blame.

Talk about eliminating as much risk as possible in keeping money safe but that sometimes people lose things and that's understandable.


To help you plan your year 3 financial education lesson on: How can I keep track of my money?, download all teaching resources for free and adapt to suit your pupils' needs...

Be aware of the socio-economic differences within your class and guide the lesson accordingly so that the discussions don't descend into comparisons of wealth.
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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.
Look at the coins. How much money is there altogether?
An image in a quiz
Correct Answer: £11.55, eleven fifty-five, eleven pounds fifty five, eleven pounds fifty five pence, 11 55
Q2.
An ice-cream costs £2.35 and you have £1 in total. How much more will you need to be able to afford one?
Correct Answer: £1.35, one pound thirty five, one pound thirty five pence, 1 35
Q3.
For which of these are you more likely to receive money as a gift?
A tennis lesson
The Weekend
Correct answer: Eid
Q4.
True or false? Only adults can earn money.
True
Correct answer: False
Q5.
What does earn mean?
To raise money for a charity.
To get money for work that you do.
To pay for something from money that you’ve saved.
Q6.
Which of these is a way of earning money?
Finding coins on the floor.
Correct answer: Getting paid by a trusted adult to clean a car.

6 Questions

Q1.
Which of these describes a money record?
To keep money instead of spending it.
Correct answer: To note down money you get given and money you spend so you know what you have.
To give something to somebody and receive something in return.
Q2.
Why should you keep a record of the money that you have?
So your parents know how much you have got.
Correct answer: So you can keep track of it.
For extra homework.
Q3.
Look at Izzy’s money record. How much pocket money does she get?
An image in a quiz
Correct Answer: £2, 2, two, two pounds, 2 pounds
Q4.
Look at Izzy’s money record. How much money does she have at the end?
An image in a quiz
Correct Answer: £3, 3, three, three pounds, 3 pounds
Q5.
Look at Alex’s money record. How much pocket money does he get?
An image in a quiz
Correct Answer: £3, 3, three, 3 pounds, three pounds
Q6.
Look at Alex’s money record. What cost him £8 to buy?
An image in a quiz
Football
Correct answer: Frisbee