During Financial Education Week we spent time looking at money in closer detail. We questioned:
How do we get money? We learnt that there are many different ways of getting money, although these might not always be in honest ways.
Why do we need money? We know we need money to buy things but do we always need the items we buy or do we want them?
How do we keep our money safe? We decided it would be the safest option to keep our money in a bank or post office where it would be kept in a secure safe rather than in a money bank or under the bed where others may find it.
We discussed different scenarios involving money e.g. what would you do if you found £20 on the floor? Would you give money to a person begging on the street?
We developed our vocabulary learning the meaning of words such as inheritance, debt, interest, mortgage, loan, etc.
To complete Financial Education Week each class had to find a different way to raise money.
Dosbarth Caradog decided to hold a Toy Sale to raise money. Every child brought in one or more items from home which they no longer used. We held a pricing session where every item was priced by the children depending on the age and quality of the toy. Everyone was given the opportunity to browse through the sale table and decide beforehand if there was anything they wanted to buy. Quite a few children had their eye on a favourite item! The sale took place with everyone having the chance to sell and buy. We made a grand profit of £20 with no expenses to pay! Dosbarth Caradog have decided to buy some tabletop games for wet play times with their profit.