Life Skills Money & Financeusually ages 7–9

Budgeting Pocket Money

What a budget is; planning how to spend a fixed amount of pocket money or allowance; making trade-offs between different things you want to buy

How to tell they’ve got it

Tick these off as you see them — no test required.

Create a simple spending plan for £10 showing what they would buy and how much is left
Explain what a budget is and why it helps to plan spending
Identify a trade-off (choosing one thing means not having enough for another)

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Try this together

If your child had £10 to spend at a school fair, could they plan in advance what to spend it on so the money lasts?

Where this sits on the map

Stuck here? Check the skills it builds on first. Confident? Here’s what it unlocks.

Builds on

Needs & Wantsages 5–7Must understand needs vs wants to make budget trade-offs

Saving Moneyages 5–7Must understand saving concept before budgeting a fixed amount

Buying Thingsages 5–7Buying experience helps with realistic budgeting

Budgeting Pocket Moneythis skill · ages 7–9

Unlocks

Financial Planningages 9–11Must understand basic budgeting before longer-term financial planning

Making a Simple Planages 7–9Cross-domain: budgeting pocket money (Money & Finance) provides planning foundation

Borrowing & Debtages 9–11Budgeting awareness helps understand why overspending leads to borrowing

solid = must come firstdashed = helps

Curriculum alignment

Candidate matches to official curriculum codes — machine-suggested, unreviewed (v0.1).

This skill sits outside the F–6 Australian Curriculum — no candidate code matched (v0.1). No NSW K–6 outcome code matched (v0.1). No Victorian Curriculum 2.0 code matched (v0.1).

Nearby on the map

Advertising & Spendingages 7–9 Banks & Savingages 7–9 Earning Moneyages 7–9 Fair Trade & Ethicsages 7–9

All Money & Finance skills →