🧰 Life Skills · Money & Finance
Buying Things
How buying and selling works: prices, paying for items, receiving change; the basic transaction process in shops and markets
Typical age: 5–7 years
“If your child had a £2 coin and wanted to buy a snack for 80p, could they work out roughly how much change they'd get back?”
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- Making ChangeREQUIRED
Must understand buying transactions before calculating change
- Fair Trade & EthicsREQUIRED
Must understand buying before considering where products come from and who made them
- Ways to PayREQUIRED
Must understand buying transactions before exploring different payment methods
- Advertising & Spending
Buying experience provides context for understanding advertising pressure
- Budgeting Pocket Money
Buying experience helps with realistic budgeting
- How the Economy WorksREQUIRED
Must understand buying/selling before grasping supply and demand