Key Stage 1 Communities & Identity

About the Unit
Where the Unit fits in
Financial Capability through Personal Finance Education

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About the Unit

This unit has been designed to cover work in Year 1 & 2 and has been developed by Cambridgeshire County Council Trading Standards Service in conjunction with Cambridgeshire PSHE Service and all necessary teaching

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My Money

Children will learn about money and making real choices about spending and saving money in the context of their lives. They learn that money comes from different sources, can be used for different purposes and the importance of looking after money.

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Where the Unit fits in

This unit addresses the following aspects of the non-statutory framework for PSHE and citizenship at key stage 1:

Developing confidence and responsibility and making the most of their abilities
Pupils should be taught:

1a to recognise what they like and dislike, what is fair and unfair and what is right and wrong.

1e how to set simple goals

Preparing to play an active role as citizens
Pupils should be taught:

2a to take part in discussions with one other person and the whole class

2c to recognise choices they can make and recognise the difference between right and wrong

2e to realise that people and other living things have needs, and that they have responsibilities to meet them

2i to realise that money comes from different sources and can be used for different purposes.

Developing good relationships and respecting the differences between people
Pupils should be taught:

4a to recognise how their behaviour affects other people

4b to listen to other people and respect their differences and similarities

4c to identify and respect the differences and similarities between people

4d that family and friends should care for each other

Breadth of Opportunities

During the key stage, pupils should be taught the knowledge, skills and understanding through opportunities to:

5a take and share responsibility [for example, for their own behaviour; by helping to make classroom rules and following them; by looking after pets well]

5d make real choices [for example, between healthy options in school meals, what to watch on television, what games to play, how to spend and save money sensibly]


Through the activities in this unit, children will be able to understand and use words relating to:

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Ask CEdRIC provides links to all the resources you will need to teach this Unit.

Every suggested teaching area on the teaching plan is linked to:

You may also wish to speak to your own local Trading Standards Department for help and advice on Consumer Education. You can find your local office in the telephone directory or by typing in your School's postcode on the Trading Standards Institute website (

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Financial Capability through Personal Finance Education

Education for financial capability through personal finance education contributes to consumer education by enabling students to:

Financial capability encompasses three interrelated themes

The DfES and QCA have identified the teaching of personal finance to develop financial capability as an important aspect of the PSHE and Citizenship framework at all key stages. Additional guidance is given in Financial Capability through Personal Finance Education: Guidance for Key stage 3 and 4. The publication outlines the place of financial capability in the whole school curriculum, identifies what it might look like at each key stage and suggests the best methods for delivering.

The Financial Services Authority (FSA)

The FSA has a statutory duty to promote understanding of the financial system, a responsibility that includes pupils and students as well as adults. The aim is to provide individuals with the knowledge, aptitude and skills necessary to become questioning and informed consumers of financial services and manage their finances effectively. To be successful in meeting this objective it is crucial to work with teachers in order to help young people improve their financial capability as part of their preparation for adult life.

The FSA supports the work of teachers through:

For more information contact Steve Stillwell
Tel: 020 7066 4516

Personal Finance Education Group (pfeg)

pfeg's goal is to promote and facilitate education of all UK school pupils about financial matters so they can make independent and informed decisions about their personal finances and long term security. The pfeg website( lists teaching resources by age and key stage and shows how each is linked to the curriculum. The pfeg Quality Mark for recommended teaching resources is designed to raise standards and enable teachers to feel confident about the educational relevance of teaching resources .

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