Using information and advice to make financial decisions
I can describe different sources of financial advice, including how they may differ in terms of independence and reliability.
Using information and advice to make financial decisions
I can describe different sources of financial advice, including how they may differ in terms of independence and reliability.
These resources will be removed by end of Summer Term 2025.
Lesson details
Key learning points
- There are a range of financial products that suit different needs and circumstances.
- Financial institutions seek to make money from their financial products.
Keywords
Interest - Interest is money added to savings or loans. Simple interest is always calculated on the original amount.
Rate of interest - Rate of interest is the percentage by which an amount will increase.
Common misconception
'Buy now, pay later' deals are always worth it as you can buy the thing you want even though you do not have enough money at the time.
Deals like this will always cost you more in the long-term if there is interest appied to the amount borrowed.
To help you plan your year 10 financial education lesson on: Using information and advice to make financial decisions, download all teaching resources for free and adapt to suit your pupils' needs...
To help you plan your year 10 financial education lesson on: Using information and advice to make financial decisions, 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 4 financial education lessons from the Making informed financial decisions 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
Lesson video
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