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As children progress through primary school, they’ll start picking up on popular trends and advertising designed to affect spending.
Here are three National Curriculum topics for nine-to-10-year-olds, along with practical tips on what you can do to help them build their understanding. Information correct as of February 2023.
Understanding value for money and being able to seek deals is an important life skill. By this age children will be understanding that:
Being open with them about some of your purchases could help with this, like researching big ticket items before buying.
By this age, children can understand that advertising is used to persuade people to spend. They can:
Interest can be both a reward for saving and also the cost of borrowing.
By introducing children to the idea of interest, you can help motivate them to save, and help them avoid expensive debts in future.