Y3/4 (B): Lesson 2: Budgeting

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

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

Cross-curricular links

Before the lesson

Download classroom resources

Attention grabber

Main event

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

Assessing pupils' progress and understanding

Vocabulary

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…
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