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What Money Is

CONCEPTUAL
Life SkillsMoney & Finance|Ages 5—7|ID: mt_SsS7GptD_o

What money is and why we use it; that money is exchanged for goods and services; brief history from barter to coins to digital payments

Mastery Evidence

  • Explain that people use money to pay for things they need or want
  • Give an example of how buying worked before money existed (swapping or bartering)
  • Name at least two forms money can take (coins, notes, card, phone payment)

Assessment Prompt

“If you asked [child] why people use money instead of just swapping things, could they give you a sensible answer?”

Prerequisites0

No prerequisites — this is a foundational topic.

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