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Year 4

Knowledge and understanding

Students can:

  • explain some different forms that money can take
  • identify different forms of income
  • explain the role of work in society and distinguish between paid and unpaid work
  • explain how saving money in a financial institution can earn interest
  • explain why similar goods and services may vary in price
  • identify, explain and prioritise different needs and wants
  • recognise that different countries use different currencies.


Students can:

  • use money to buy basic goods and services in ‘real-life’ contexts
  • create simple budgets for specific purposes
  • accurately complete simple financial forms, including for online transactions
  • classify and compare goods and services
  • order and discuss reasons for spending preferences
  • discuss some options for paying for goods and services such as: cash, debit card, credit card and direct debit
  • identify key features of a range of advertisements.

Responsibility and enterprise

Students can:

  • identify and describe the impact that the consumer and financial decisions of individuals may have on themselves and their families, the broader community and/or the environment
  • identify and explain how some influences, such as advertising and peer pressure, can affect what you buy
  • apply consumer and financial knowledge and skills in relevant class and/or school activities such as student investigations, charity fundraising, business ventures and special events
  • exercise a range of enterprising behaviours through participation in relevant class and/or school activities
  • describe safe, ethical and responsible behaviour in online and digital consumer and financial contexts
  • explain the role played by the voluntary sector in the community to help those in financial need
  • demonstrate awareness that family, community and socio-cultural values and customs can influence consumer behaviour and financial decision-making.

Page last updated October 2011    

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