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Five Big Questions about Money

The Five Big Questions enable pupils to explore all the things we can do with our money – spend, save, give, lend, invest and borrow. The activities are designed to stimulate a lively discussion, stretching pupils to use their higher order thinking skills and empathy as they explore the role of money in our lives.

The Five Big Questions About Money can be delivered flexibly to suit the requirements of individual schools with guidance on how they can be used with pupils of different ages and abilities. They also highlight opportunities to link the classroom learning to a school savings club, making financial education real.

The learning objectives are listed at the beginning of each Big Question and mapped to the Financial Education Primary Planning Framework. This sets out key areas of financial knowledge, skills and attitudes across four core areas of learning: how to manage money; becoming a critical consumer; managing risk and emotions; and how finance plays an important part in people’s lives.

The Five Big Questions have achieved the Financial Education Quality Mark, having been independently assessed by experts and found to be both financially accurate and of the highest educational value.

The Big Questions contain a series of theme-based activities, each of which takes approximately one hour to deliver, and offers homework and extension opportunities to enhance pupils’ learning and extend it beyond the classroom.

Where does our money come from?

In this Big Question, pupils look at where our money comes from, including why we work and how much different jobs are paid. Other ways of getting money, such as being given it as a gift, or winning, finding or borrowing it, are also considered.

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How does money make us feel?

In this Big Question, pupils look at how money makes us feel - when we receive it, spend it, give it, save it, or accidentally lose it. This is an opportunity to reflect on the role that money plays in life.

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What can we use our money for?

In this Big Question, pupils consider the difference between individual needs and wants, other influences on our use of money, and how to make simple choices about spending and saving.

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How does our money help other people?

In this Big Question, children find out how money can be used to serve the needs of others and investigate the wider impact of money through the taxes we pay and the products we buy.

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How can we look after our money?

In this Big Question, children explore how to look after money, including the benefits of saving and the risks of borrowing. They also learn how to look after money safely and keep track of it, helping them make the most of the money they have.

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