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Keeping track of spending and saving

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Presentation on theme: "Keeping track of spending and saving"— Presentation transcript:

1 Keeping track of spending and saving

2 Today we will learn… why it’s important to keep track of our money
how to record how much we spend and save

3 Can you guess how much money is in the bag?
How much money do I have? Can you guess how much money is in the bag?

4 What can I buy? £1.50 £4.50

5 Knowing what money you’ve got
You buy some sweets for 30p [remove 30p from your purse] You get 50p pocket money [add 50p to your purse] You buy a pen for £1.50 [remove £1.50 from your purse] [add 50p to your purse] You buy a comic for £2.00 [remove £2.00 from your purse] You buy some sweets for 50p [remove 50p from your purse] You buy a small toy for £1.50 You are given £1 by your mum [add £1 to your purse] You go swimming for £1.20 [remove £1.20 from your purse]

6 Knowing what money you’ve got
How much money did you think was in the purse? What have you got left? Did anyone run out of money? If so, how much more money did you need? How much money did you receive in total from the cards?  How much money in total did the cards tell you to spend? Why do you think it is important to know how much money you have? Have cloth bags or envelopes with no more than £3 in each (vary the amounts in each purse so that some pairs will run out of money during this activity) Place some extra coins on each table - £3 to £4 of coins per group Don’t let the children count the money to start with, they can have a quick look inside the bag to ‘guesstimate’ how much they think they have What else do you think you can do to help you know how much money you have?

7 Keeping track of money 12th Jan Savings £3.00 14th Jan £1.40 £4.40
DATE DESCRIPTION DEPOSIT WITHDRAWAL BALANCE 12th Jan Savings £3.00 14th Jan £1.40 £4.40

8 Adding it up Spend £2.00 Save £3.00 Spend £1.20 Save £1.40 Save £1.50

9 What have I learned today?
Write a postcard to a friend explaining how they can keep track of what they’ve spent and saved: What are the important things to remember? Know how much you have to start with Keep a record of how much you save or spend and adjust your total Keep receipts if you spend money so that you can easily remember how much you spent

10 So today we have learnt…
how to record our spending and saving that it’s important to keep our receipts so we can see how much money we’ve spent

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