Y3/4 (A): Lesson 2: Budgeting

Children develop an understanding of why budgeting is important and learn how to put a budget together.

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  5. Y3/4 (A): Lesson 2: Budgeting

Learning objective

  • To understand how to put together a budget (Y3)
  • To begin to understand the importance of keeping track of money (Y4)

Statutory guidance

  • Nothing relevant to this lesson

Success criteria

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Cross-curricular links

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Before the lesson

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Download classroom resources

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Attention grabber

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Main event

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Differentiation

Pupils needing extra support:

Year 3: Could focus on the first three Activity: Scenarios Year 3 only.  

Year 4: Can focus on just Scenarios 1 and 2 from their activity.

 

Pupils working at greater depth:

Year 3: Could start from the second scenario in the Activity: Scenarios Year 3 to ensure that they have time for the more challenging ones. You could also suggest a change whilst they are working on their budgets, such as an unexpected expense. 

Year 4: Should answer all the scenarios and explore in greater depth the reasons why money may not be accounted for.

Wrapping up

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Assessing pupils' progress and understanding

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Vocabulary

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In this unit

Created by:
Sarah Huggins,  
RSE & PSHE specialist
Sarah has over 20 years’ experience in education. Starting as a Primary teacher, Sarah then moved into an advisory role that covered both PSHE education and Citizenship. She delivers courses for teachers, as well as sessions for children and young…
Find out more
Y3/4 (A): Lesson 1: Spending choices Previous Lesson
Y3/4 (A): Lesson 3: Money and emotions Next Lesson

Related content

Y3/4 (A): Lesson 4: Jobs and careers

Y3/4 (A): Lesson 5: Gender and careers

Y3/4 (A): Lesson 1: Spending choices

Assessment – RSE & PSHE Y3/4 (A): Economic wellbeing

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