Money and the World of Work: Session 1. CURRENCY.

Money and the World of Work: Session 1

CURRENCY

Pounds and PenceEach letter of the alphabet has a value. How much is your name worth?

A B C D E F G H I J

1p 2p 5p 10p 20p 50p £1 £2 £5 £10

K L M N O P Q R S T

£20 1p 2 5p 10p 20p 50p £1 £2 £5

U V W Y Z

£10 £20 13p 1p 2p

Pounds and PenceEach letter of the alphabet has a value. How much is your name worth?

A B C D E F G H I J11p 2p 25p 99p 15p £0.50 £1.03 £2 35p £8.75

K L M N O P Q R S T£0.61 16p £1.50 235p £2.70p 90p 50p £0.05 30p 63p

U V W Y Z

27p £15 13p 118p 2p

Needs and Wants

Get into pairs or small teams and start to sort a number of the property cards into two piles; ‘Needs’ and ‘Wants’.

Extension: put the cards in order according to price and estimate how much each one is worth. What would you choose to buy if you only had £5?

What would you do?

• There is a new computer game out on Monday; it costs £40 and you desperately want it. You only have £30 though, and your brother offers to lend you £10 if you pay him back £15 next week; once you’ve been given pocket money by your parents.

What would you do?

Each team will be given 3 to 4 problem cards.

With your team leader or volunteer, have a discussion to find a solution for each problem.

Choose a spokesperson for your team to report back on your ideas.

Summary

• People all around the world use different currencies to buy and sell things.

• We have to make informed choices about the way we spend our money.

• Next time we will look at how Money works in the world of work!