Where does money come from? | Financial education | Quizalize & Oak National Academy

Starter quiz

What is the value of this coin?

5 pence

10 pence

20 pence

50 pence ✓
What is the value of this coin?

50 pence

£1 or one pound

£2 or two pounds ✓

£5 or five pounds
How much money is there altogether?

12 p

20 p

21 p

22 p ✓
How much money is there altogether?

'50 p' ✓
Laura says, 'There is £3 in total.' Andeep says, 'There is £6 in total.' Who is right?

Laura ✓

Andeep

They are both wrong.
Andeep has these three coins. How much money does he have in total?

'50 p' ✓

Find the missing word. ______ means to get money by doing work or jobs.

gift

earn ✓

save

spend
Laura would like to save up some money. How might she be able to get some money?

Ask for money for her birthday from family ✓

Earn some money by doing jobs ✓

Ask friends to give her some money

Ask her parents for pocket money ✓
Laura saves up some coins. How much money has she saved altogether?

50 p

£5

£10 ✓
Laura wants to earn some extra money by doing jobs. Which jobs do you think she should definitely not be paid for?

Brushing her teeth ✓

Watering a neighbour’s garden

Tidying up her toys ✓

Helping to wash a car
Andeep wants to buy a cuddly toy which costs £8. He gets £2 pocket money every week. How many weeks would he need to save for?

'4' ✓
Laura has earned some 50 p coins from doing jobs. She has £2 in total. How many 50 p coins does she have?

'4' ✓

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Children may not be aware where money comes from or make the connection between jobs and earnings.

Explain that many families get money through working but families are supported in other ways too.

Money - What you earn by working or selling things and use to buy things.
Save - To save is to keep money instead of spending it, especially in order to buy a particular thing.
Gift - A thing that you give to somebody, especially on a special occasion or to say thank you.
Earn - To get money for work that you do.