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A presentation of work by the Squirrels’, a Year 1/2 Class at Applegarth Primary School, Northallerton, North Yorkshire.

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Dear Squirrels,

I have heard from friends in Storyland that you have been reading some stories about me and my friends and I wondered if you could help me out. After my little bit of fun with the Giant, mum and I decided to go on holiday. We have had a wonderful time but since the golden harp went on strike and the goose flew away, we have started to get a bit short of money.

Mum says that it is important that we save what we have left and make sure that we don’t get into debt, but I don’t really know what that means. I am sending you the rest of my money so that you can find a way of making sure it is safe.

I will write again soon with my new address. We are going to go to a place where things are less expensive than here.Best wishesJack

Squirrels’ ClassApplegarth Primary SchoolUpwell RoadNorthallertonNorth YorkshireDL7 8QF

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Jack’s Gold arrives with his postcardand request for help.

What Money Means resource CL1B 4

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What we should do with Jack’s gold to keep it safe?

• Put it on a high shelf• Lock it in a cupboard and take the key• Put it in a piggy bank• Keep it in my pocket

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Dear Squirrels,

You will see that Mum andI have moved from Spain to Africa. I got a job working on a boat to pay for the journey. We are living in this village in Ghana and working with the people. They do not have much money either and they have to think very carefully about how they spend the money they do have. Many of them grow cocoa beans on their small farms. They sell it to people who work for the Fair Trade organisation because they get a good price there, but they still don’t have much money left for luxuries. It has made me start to think about how I have been spending my money and that I must decide the difference between what I need and what I want. When you have sorted out what to do with my gold, please write to me here at Fenaso Domeabra.

Much Love, Jack.

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What do you think?

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What did the children get out of this?

•Value judgements•Speaking and Listening Skills•Negotiation skills

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Jack found a job so that he could earnmoney to travel to Africa.

What could you do without money?

What would you do if you had lots of money?

How will you earn money in the future?

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What we could buy if we had lots of money?

What Money Means resource CL1B 12

What will we do to earn moneywhen we grow up?

What Money Means resource CL1B 13

What Money Means resource CL1B 14

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What did the children learn?

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Financial UnderstandingKnowledge•Money can come from regular and irregular sources•We have to pay for what we buy•There are some things we have to buy and some we choose to buy•Know that the Lottery is gambling

Skills •Differentiate between needs and wants•Recognise coins and notes we use

Attitudes•Individuals and families have to find ways to balance wants and needs•It may not be possible to have everything you want straight away, if at all.

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Financial Competence

Knowledge•Different ways money can be looked after•Some essentials have to be paid for

Skills•Choose correct value of coins and begin to calculate change

Attitudes•Begin to understand that money is a finite resource and needs to be managed

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Financial Responsibility

Knowledge• I can have a range of feelings about money• The choice I make affect me and others

Skills• Be able to listen to others and respect their viewpoints

Attitudes• Begin to appreciate the diversity of values, customs and circumstances of people in school