Financial Education for 5-7 year olds
The final character Milo meets is his teacher. Milo is happy to talk to her about the job he has done for his uncle as he is sure she must have some great advice!
His teacher suggests that he could spend his money on someone else, like his friend to cheer them up!
Continue reading “Pocket 6 – “Why not buy something for your friend to cheer them up” says Milo’s Teacher”
Milo meets his friend along his journey. His friend thinks it would be a great idea to put their money together and buy something bigger that they could share.
Sharing is something children are always asked to do but often struggle. our resources can help address this concept and encourage a more collaborative relationship.
Continue reading “Pocket 5 – “Let’s buy something together” says Milo’s friend!”
Milo has been to visit his Brother, Aunt and Mum so far. On a trip to the shop he comes across Mr Randall, shopkeeper in the local store. Mr Randall listens to Milo’s story and gives him a business idea to buy some fruit and make smoothies.
This is a concept that, while we all dream of making it big as an entrepreneur, might not have come up with children in this age group.
Continue reading “Pocket 4 – “You could make and sell smoothies” says Mr Randall”
Milo goes to ask his mum’s advice. His mum is very level-headed and suggests Milo spends some of his money on something nice then saves the rest.
Mum suggests that Milo think about the things he wants and the things he needs. Images on the pullout can be used to open conversation about wants and needs.
Continue reading “Pocket 3 – Spend some says mum”
Milo meets his auntie and talks to her about his money. She advises him that saving would be the best plan, she points out to him that he has an exciting visit to the zoo and will appreciate having some money to spend in the gift shop when he’s there. The pull out activity in the pocket is an imaginary savings book for a bank Milo can use. It shows how savings are recorded as money coming in, money going out and how much is left.
Continue reading “Pocket 2 – It’s Wise to Save, Says Auntie”
At this point in the story, Milo has received his money. The first person he comes into contact with is his brother who encourages him to spend it all. The activity sheet in the pocket asks children to point at the coins and say what they are.
Continue reading “Pocket 1 – Spend It All, Says Big Brother!”