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Year 3

Where could my money come from?

I know money comes to me in different ways and that in the future I can earn it.

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New
New
Year 3

Where could my money come from?

I know money comes to me in different ways and that in the future I can earn it.

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Lesson details

Key learning points

  1. Money can be given.
  2. Money can be saved.
  3. Money can be earned.

Keywords

  • Earn - To get money for work that you do.

Common misconception

Children might envision the money that adults earn as purely disposable.

Sensitively, remind the children that the money that adults earn is often spent on needs and not wants.


To help you plan your year 3 financial education lesson on: Where could my money come from?, download all teaching resources for free and adapt to suit your pupils' needs...

Make sure that you're very clear about the online safety aspects within this lesson to ensure that your children stay safe. Also, be aware of some of the cultural and socio-economic diffrences that exist around earning money so you can be sensitive to the pupils in your class.
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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.
Look at the coins. How much money is there altogether?
An image in a quiz
Correct Answer: £8.50, eight pounds fifty, eight pounds fifty pence, eight fifty, 850
Q2.
A ticket to the theatre costs £20 and you have £11 in total. How much more will you need to save to be able to afford to go?
Correct Answer: £9, nine, 9, nine pounds
Q3.
Which came first, banknotes or coins?
Banknotes
Correct answer: Coins
Q4.
Which type of payment is the newest?
Cheques
Correct answer: Payment on a smartphone
Coins
Q5.
Which type of payment is the oldest?
Contactless card
Correct answer: Beads
Smartwatch
Q6.
Tick the types of payment that are in use today.
Shells
Correct answer: Coins
Beads
Correct answer: Cheques
Correct answer: Smartwatch

6 Questions

Q1.
What does earn mean?
To keep money instead of spending it, perhaps to buy something expensive.
Correct answer: To get money for work that you do.
To give something to somebody and receive something in return.
Q2.
For which of these are you more likely to receive money?
Correct answer: Birthday
Wednesday
A maths lesson
Q3.
Which of these is a way of earning money?
Correct answer: Job
Hobby
Q4.
Which of these is a way of earning money?
Correct answer: Selling old toys.
Saving your pocket money.
Q5.
True or false? Children can’t earn money.
True
Correct answer: False
Q6.
Why should children get adult supervision when selling items online?
Correct answer: Because there are age limits to keep children safe.
Because children shouldn’t go online.
Because selling online is illegal.

Additional material

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