How can I keep track of my money? | Financial education

Starter quiz

Look at the coins. How much money is there altogether?

'£11.55' ✓
An ice-cream costs £2.35 and you have £1 in total. How much more will you need to be able to afford one?

'£1.35' ✓
For which of these are you more likely to receive money as a gift?

A tennis lesson

The Weekend

Eid ✓
True or false? Only adults can earn money.

True
False ✓
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.
Which of these is a way of earning money?

Finding coins on the floor.

Getting paid by a trusted adult to clean a car. ✓

Which of these describes a money record?

To keep money instead of spending it.

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.
Why should you keep a record of the money that you have?

So your parents know how much you have got.

So you can keep track of it. ✓

For extra homework.
Look at Izzy’s money record. How much pocket money does she get?

'£2' ✓
Look at Izzy’s money record. How much money does she have at the end?

'£3' ✓
Look at Alex’s money record. How much pocket money does he get?

'£3' ✓
Look at Alex’s money record. What cost him £8 to buy?

Football

Frisbee ✓

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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.

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