Learning objective

  • To recognise factors influencing value for money.

Success criteria

  • I can define ‘good value for

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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: Identify the advantages and disadvantages of different methods of payment. Understand what budgeting money is and how a person can benefit from it. Recognise the ways that money can impact people’s feelings and emotions. Explain how people’s spending decisions can affect others and…

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Adaptive teaching

Pupils needing extra support:

Should, for the main event activities, be provided with scenarios that involve a few factors to consider (e.g. the online store and high street scenario); could be reminded of factors that affect the value for money written on a flipchart. 

Pupils working at greater depth:

Should, in the Presentation: Spending scenarios, create their own complex scenarios for the class to discuss; could, in the Activity: Buyers and sellers, introduce negotiation strategies and consider more nuanced factors like brand reputation and environmental impact.

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Assessing progress and understanding

Pupils with secure understanding indicated by: identifying and justifying items

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Vocabulary definitions

  • cheap

    Having a low price.

  • expensive

    Having a high price.

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