Deciding whether to save or spend is one of the first financial decisions children will have to make. This PSHE quiz, written for KS2 aged children in years 3, 4, 5 and 6, looks at this along with some of the influences that affect our spending, and what makes something “good value” or bad.
Different people have different attitudes towards saving and spending. There is no wrong attitude – as long as we have enough to pay our bills, what we do with the rest of our money is up to us. But we would be wise to save as much as we can.
We can’t save all our money though. Certain things do have to be bought. That’s where we need to be aware of what influences our choice of what to buy. It will also be good if we can spot a good bargain so that we don’t waste the money we do spend.