Learning objective

  • To identify the advantages and disadvantages of different methods of payment.

Success criteria

  • I can identify different methods of

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Non-statutory guidance

The National curriculum

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Before the lesson

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Lesson plan

Recap and recall

Before starting this unit, you might want to check if children can: Recall some methods by which adults get money. Explain the difference between a ‘want’ and a ‘need’. Recognise that money needs to be looked after. Identify different ways to keep money safe.

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Adaptive teaching

Pupils needing extra support

Should rewatch the Pupil video: Payment methods to consolidate understanding; could suggest problems with each payment method; could say why one method might be better. 

Pupils working at greater depth

Could give two alternative payment methods for each scenario and provide reasons for both; should rank the methods again at the end of the lesson from favourite to least favourite and explain why their order has changed.

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Assessing progress and understanding

Pupils with secure understanding indicated by: explaining different payment methods;

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Vocabulary definitions

  • account

    A place to keep money safely, usually with a bank.

  • advantage

    The good that is gained from something.

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