Developing financial literacy through exploration.

The Year 2 learners have learnt about the British currency and the different denominations and are cognizant with the symbols used for pence and pounds. We therefore extended this by focusing on problem solving challenges on pence and pounds.

Children learn best through exploration and thus this practical approach to learning helps embed key financial literacy skills such as combining amounts and finding change. The children were exploring using cards and money tools to solve different problems in class. They worked collaboratively and applied their knowledge to solve money problems.

Learning about money reinforces essential mathematical skills. Combining amounts, finding change and understanding value, all enhance a child’s numeracy skills, which are critical in their overall academic development. This learning has an overarching effect on the child’s development as it fosters independence and responsibility when handling money