Financial Education
As your child begins to learn simple maths at school, you have the opportunity to link this to learning about money.
You can start with simple ideas like coin recognition, which will help with concepts such as ‘greater than’ and ‘less than’.
If you let your child pay for their own purchases, such as sweets, comics or small toys, they will begin to understand the sorts of coins they need to use, for instance, something that costs 35p could be paid for with a 50p piece, but if it is 89p they will need a pound coin.
As they become more familiar with mathematical concepts, they will start to understand that you can add coins together to make bigger sums. Before you know it they will be checking your change for you!
Pounds and Pennies
Foreign & Colonial Investment Trust, an investment trust managed by F&C Investments, has teamed up with National Schools Partnership to launch an educational programme called Pounds and Pennies; Past, Present and Future.
The programme is running in more than 2,000 primary schools in England, introducing simple financial concepts to children in the Foundation Stage and Key Stage 1, with a mix of classroom and homework activities. If your child’s school is not one of those participating, you can download some of the activities yourself by clicking here. Plus we also have some fun activities to download here at iChild.
View other relevant articles here, giving more information on Pocket Money and Topping Up Your Child Trust Fund.
