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Buying Things

CONCEPTUAL
Life SkillsMoney & Finance|Ages 5—7|ID: mt_RNRymbz5SO

How buying and selling works: prices, paying for items, receiving change; the basic transaction process in shops and markets

Mastery Evidence

  • Explain what happens when you buy something in a shop (choose, pay, get change)
  • Read a price label and say whether they have enough money to buy the item
  • Act out a simple buying scenario using real or play coins

Assessment Prompt

“If [child] had a £2 coin and wanted to buy a snack for 80p, could they work out roughly how much change they'd get back?”

Prerequisites2

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  • Coins & Notes hard

    Must recognise coins/notes and their values before practising buying transactions

    • Coin Values soft

      Curriculum coins/notes recognition (Maths Y1) underpins exploratory coin knowledge

      • Reading and writing numbers to 20 hard

        Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)

        • How Many in Total? hard

          Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)

          • One-to-one counting hard

            Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'

        • Writing digits 0-9 hard

          Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)

    • What Money Is hard

      Must understand what money is before learning to recognise specific coins and notes

  • What Money Is hard

    Must understand money as exchange medium before practising transactions

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