Enhancing Financial Literacy in Classrooms

Teachers TV: James Evelyn - Lesson 2 Uncut

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Estimated reading time: 29 minutes for the text on this page.

Summary

In this engaging lesson by CPD College, the focus is on teaching primary students the value of money, specifically coins and notes, through practical exercises. The lesson is set in a classroom, where students identify different coins and notes, calculate their total values, and even compare bigger and smaller amounts using practical methods. The teacher emphasizes understanding and practicing money counting through hands-on activities such as a mock shop setup. This engaging learning approach aims to strengthen financial literacy in young students by encouraging active participation, thought process, and practical application of mathematical concepts.

Highlights

Students learn the value of different coins and practice identifying them 🪙
Children compare the worth of different coin groups and determine larger values quickly ➕
Use of classroom shop setup to reinforce practical understanding of money handling 🏪
Interactive learning with peers strengthens comprehension and retention 👥
Fun practical tasks help cement the classroom lessons in real-life scenarios 🏫

Key Takeaways

Understanding the value of coins and notes in an engaging classroom setting 🪙
Practical learning through identifying and summing up money 💷
Learning to differentiate between larger and smaller amounts with confidence ➕
Using mock shop scenarios to practice calculating change 🛍️
Empowering kids with financial literacy skills for everyday life 🤑

Overview

The lesson begins with the teacher utilizing an array of coins to engage the students in understanding their individual values. This allows children to visually and practically get familiar with everyday money, encouraging active participation and excitement in identifying each coin by name and value.

Next, students are challenged to determine greater and smaller monetary amounts through a playful comparison exercise. By representing money in an interactive board display and asking students to physically move to indicate their answers, the teacher ensures that the learning remains kinetic and thoughtful, reinforcing numerical understanding and comprehension of money handling.

To make the learning experience more tangible, the teacher organizes a classroom activity simulating a shopping experience where students apply their skills to calculate total sums and manage change. This hands-on approach aids in consolidating the student’s ability to handle money in real-world scenarios, promoting essential financial literacy at a young age.

Chapters

00:00 - 01:00: Introduction In the introduction chapter of this week's math class, the focus is on the concept of money. Previously, different coins and shop bills were discussed. The current lesson aims to educate children about the value of individual coins, utilizing larger representations of typical pocket coins for clarity. The session involves interactive participation from the children, like Louise, who identifies the value of coins presented by the instructor.
01:00 - 03:30: Identifying Coin Values In this chapter, the focus is on identifying different coin values. The transcript suggests a conversation or lesson where various British coins are mentioned, including the two-pound coin, twenty pence coin, five pence coin, ten pence coin, and one pence coin. It seems to cover the nominal worth of these coins and possibly their physical recognition.
03:30 - 07:00: Comparing Coin Values The chapter titled 'Comparing Coin Values' focuses on identifying various coins and their values. Chloe helps identify the missing coin as the 50 pence coin. The discussion also covers note values, with Jarrod identifying a ten-pound note and Abdullah recognizing a five-pound note. Volunteers Medina and Helen Louise help demonstrate by holding coins or notes.
07:00 - 09:30: Introduction to Column Addition The chapter 'Introduction to Column Addition' is centered around teaching children to calculate the total value of coins and notes they possess. The process appears interactive, with the facilitator engaging children, such as 'Chloe', by asking them to determine the value of monetary items. The example given involves assessing a total value of one pound fifty-one pence.
09:30 - 15:00: Building a Shopping List The chapter titled 'Building a Shopping List' appears to focus on a conversation about the cost of items. Chloe seems to be involved in a discussion about prices, with a mention of 'ten pence' and 'one pound 12.' This suggests they are possibly adding up costs or budgeting for a shopping list.
15:00 - 18:00: Practical Exercise: Adding and Comparing Values In this chapter titled 'Practical Exercise: Adding and Comparing Values', the exercise involves students (Rachel, Kim Yong, Chloe, and Lauren) practicing the addition of currency values. Rachel is asked about the total amount, which involves summing amounts like five pound 12 and smaller denominations (2 P, 10 P). Lauren is further tested on her ability to recognize coins and calculate the total value. It’s a practical exercise aimed at improving the students’ skills in recognizing and summing different monetary denominations.
18:00 - 30:00: Group Activity: Budgeting and Adding Costs The chapter titled 'Group Activity: Budgeting and Adding Costs' involves an interactive class activity where the teacher uses tape on the floor and the board to engage students in a budgeting exercise. The board is divided into two halves, each representing a client, and students are tasked with determining which side, or client, has more value. The exercise is designed to teach students about budgeting and comparing costs.
30:00 - 41:00: Introduction to Making Change The chapter 'Introduction to Making Change' focuses on teaching children how to compare the value of coins. It uses a practical example where Amelia is asked to determine which side has a greater value of coins, specifically comparing 15 Pence (15 P) to 12 Pence (12 P). The lesson introduces and reinforces the concepts of 'greater than', 'less than', and 'equals', emphasizing understanding of comparing values.
41:00 - 51:00: Activity: Buying Items and Calculating Change The chapter titled 'Activity: Buying Items and Calculating Change' focuses on a classroom activity involving the calculation of change using coins. The setting seems to be interactive, with children being encouraged to think for themselves rather than follow others. The teacher is actively engaging students by asking them to observe and analyze which side has more coins. The lesson emphasizes critical thinking and individual decision-making, guiding the children to visually and mentally calculate which side has a greater value in coins by asking them to really 'think' as opposed to just mimicking actions.
51:00 - 55:00: Conclusion and Next Steps The chapter emphasizes evaluating and comparing different sides, encouraging critical thinking. It highlights good listener skills and problem-solving. The conclusion hints at using these skills in further tasks or scenarios, suggesting a progression to more complex or refined problems.

Teachers TV: James Evelyn - Lesson 2 Uncut Transcription

00:00 - 00:30 right this week in maths we've been looking at money yesterday we looked at different coins and we looked at how when we go to a shop what the bill looks like to start with today we're going to look at the value of different coins and to start off with I'm gonna show you some coins my awesome children tell me how much the coins are worth but other ones we see in our pockets and our wallets okay but a bit bigger so you can see them clearly so hello Louise two pence
00:30 - 01:00 yeah a two pound coin good as I had a twenty P coin qingyang five Bitcoin good as though a Tempe coin show me a little one P coin not worth much Amina a one
01:00 - 01:30 pound coin great and as one more coin what's the one coin we missing Chloe 50 pence coin now there are some notes we have as well probably got two here what's this note note worth Jarrod ten pounds abdullah what's this note worth five pound note well done okay couple of volunteers the front please medina is our heads and Helen Louise trying to give them a coin or a note to hold on an
01:30 - 02:00 ask a child to tell me what's the total value of the coins and notes they're holding so let's see how we get on with this yeah what's that worth one pound fifty one pence this time Chloe what we got
02:00 - 02:30 here how much is that one what's this Chloe this and this ten pence add it together is someone helper Kim Yeon one pound 12
02:30 - 03:00 but she might Rachel what's the answer five pound 12 Kim Yong and Chloe yeah plus 2 P 5 pounds of 2 P Plus 10 P 5 pounds and 12 P let's try one more this time for Lauren let's see how good Lauren is at her coin recognition Lauren what we got that show Donna please look
03:00 - 03:30 carefully 2.21 okay thanks girls and sihit can sit down please right now lots of you be asking me what is the tape for on the floor now you're gonna find out what I do is going to show you on the board I can divide the board into two halves and on both sides of the board I'm going to put some clients I know ask you to tell me which side is worth more which is the greater amount okay the first one I not asking medias tell us then we're gonna play the
03:30 - 04:00 game so Amelia I'm gonna show you on one side some coins the other slides and coins I just tell me which side is the greater value 15 P worth more than 12 piece or we can say 15 P is greater than 12 P remember these symbols greater than and less than and equals so 15 P is greater than 12 P right very sensibly stand up I'm going to show you on the
04:00 - 04:30 board some more coins if this side is greater going to move this way if this side is greater are we to move this way I don't wait to speak I know ask one child to tell me how they knew the answer so don't follow the mouse think for yourself I'll ask someone here we go look carefully a little bit higher up so you can see them clearly have a look and moves the site you think it's the biggest Lots
04:30 - 05:00 going this way sort of sliding okay so we'll think that this site is greater than this size Danielle how do you know why are you going that way good for T P is greater than 31 P fantastic good listening here's another one look
05:00 - 05:30 carefully and move don't follow your neighbor think for yourself and work it out here we go I'll put them up slopes so you can see oops which one do you think which side is the biggest looking you're working out well done
05:30 - 06:00 okay everyone's gone this way great so we think that this slide is greater than this side or this side is less than this side yeah why are you over there I did this sides run first and it made 65 pens out I added this side one and it made 62 pants so great because 65 pence is greater than 62 pounds here's another
06:00 - 06:30 one one point on this side this time five coins on that side do we need to move have a look work it out see what you think leave me wait for the ball please because I can't see let's out someone over here was I hit why are you over here
06:30 - 07:00 and is 20 added five is 25 I added cheer and it made 26 and then I added another 200 May 29 yeah and he May 29 and the right hand side is bigger than the left hand side
07:00 - 07:30 because I'm the right hand side has 29 and the left hand side on he has 20 good boy 29 is great for 20 well done good explanation now like that let's do one more this time just one coin here and lots of coins on this side
07:30 - 08:00 okay go anything okay and listen looking this way we've all gone the same way again that's not someone to explain what they've done not liking that noise show me Rachel why are
08:00 - 08:30 you that because you pound this wall down one pound nineteen ninety five ninety eight yeah two pounds is greater for the 98 well done good listening I think you've got a good idea of how these coins how they add up and what their value is okay what I do now is to sit a nice big circle around the carpet
08:30 - 09:00 can you sit down please please sit down please thank you right okay look in the board you can see what we're learning about today adding money using using the column addition method coalition is important because let me go shopping and we buy things we always get
09:00 - 09:30 a receipt and here on the board I've got a receipt a copy of receipt I got when I went shopping once and the receipt receipt shows four different items their price and then it adds it up and gives us the total it tells me how much money I gave the person behind the till and it tells me how much change they gave me back okay so Niki the receipt first of all few questions Lauren what's the most expensive item I bought in the shop hey
09:30 - 10:00 sure the carrots carrots they're expensive one-pound 37 as I hit what's the cheapest item I bought grapes what do you mean oh yeah seventy-three pets is smaller it's
10:00 - 10:30 cheaper than 87 pence Kyle we're gonna move on okay if you don't pay carefully under a seat you'll see that it's in columns and this is what stays learning objective is all about adding up using column additions we got the pennies the tens you've got a decimal point all in a nice straight line and a pound if my receipt was all wonky it would be much harder to add up like in our in our maths books when we add things up in our maths books I will say
10:30 - 11:00 to you one number in each square in Nice columns so adding and subtracting is much much easier okay now let's read might win a circle because once again my last time I've been shopping you don't can move forward now on Apple is some food items and also some toilet bowl okay - but honestly this an apple some yummy jaffa cakes
11:00 - 11:30 some baked beans with a fine label on them and some broccoli I took I took off the price labels by fitting them out as well so jack takes 65 P the orange 20 P
11:30 - 12:00 the bread roll 25p the potato 25 feet it's a broccoli your favorite forty p the Apple 30 Q so corny up please 30p the toilet roll 50 P the baked beans 65 P the milk 45 P and the banana 19 P now
12:00 - 12:30 as I said to you today is protective adding up money using the column addition method like on a receipt yeah what I don't figure on today to help you with adding up it's done at the chart when we when we add things up we put it into the chart and it makes it much easier to add things up and also it reduces the chance of us going wrong so I want to pick an item for me I'm going to ask Hamza hands up pick an item for me any one you like there's another
12:30 - 13:00 baked beans okay Jared how much your baked beans 65 P so on my charts 0 pounds 65 P yeah lavender other item for jaffa cakes how much are they Rachel same price 65 p zero pounds 65 pence
13:00 - 13:30 enorus one more item banana how much Norris 19 p zero pounds 19 P so you can see on the board I've got what's quite similar to a receipt yeah and like the last receipt I showed you I've kept the columns very very clear so
13:30 - 14:00 I had my bill up the chance to be going wrong are much much less so my first column 9 plus 5 plus 5 Camile 9 plus 5 plus 5 1919 so I put the 9 there like hi my 10 there 19 this column 1 plus 6 plus 6 plus 1 Medina the one up here dinner
14:00 - 14:30 14 so the 4 goes here I can't play the 1 on 2 here is my point it goes into this it's another pound 1 plus 0 plus 0 plus 0 my bill is 1 pound 49 ok it's very important that you carry the number if it goes higher than 10 next column and it's really easy to add up that way our receipt okay I'll do one more then what got for you it's a little
14:30 - 15:00 charts used to yourselves so those are some items lavender keep it one for me please the banana 19 P hello Louise another wise in please how much are they sixty-five P and oops
15:00 - 15:30 I'm not working someone else are spoken for a while how did I how I just thought I was lying 50p good boy okay and so quite stiff at last home using our columns we add them up nine plus five has L so 114 before goes here
15:30 - 16:00 and we carry the one five plus six plus one plus one the tens column Lauren thirteen decimal point always stays in a line and what plus there I can do and I think without your help it's just one one pounds 34 okay super Joseph very good listening so let's see
16:00 - 16:30 what's gone in what I've made for of you is a little chart just like my one on the board yeah why do and I put you into pairs okay and with your partner or you to pick three items from the carpet okay and then block it on the board add them up are you both to be working on this in your past because I asked one of you to explain what you've done yeah so Joseph
16:30 - 17:00 of Hazael Penn the reason and Norris smart hamza yeah Danielle lavender and Chloe Kimmy and Lauren Rachel and Tyra and YouTube here and I work with you too okay oh no no no tell me what you need to
17:00 - 17:30 touch the items right so can you pick three items no need buddy up pickle in your heads and then write down your sheets the cost of the three items Jerry I'll be back onion add them up like I did on the course I graduate my pee
17:30 - 18:00 okay carry back our circle please to fight our children yeah
18:00 - 18:30 Hannah Louise back into the circle yes okay I can see this tomorrow in Homs everybody already hold on one more
18:30 - 19:00 minutes then pens down wait the point oh you never forget that because this is the this is the only point of this is the possible
19:00 - 19:30 please pull some pens on the carpet looking its way thank you sir Maya Medina port on the filter please Jarrod's just waiting for
19:30 - 20:00 Jarrod's yards and Laura okay bit noisy then for some good listening and also I saw some good recording I'm gonna pick a group now I asked them to tell me which items they went for and we'll do the board and we'll see if they've got got the idea what we're doing today silence a pic and Kim yang one of you please tell me which items you went for
20:00 - 20:30 how much does a banana 19 P okay the orange which cost 20 P 20 B and the bread 25p bread roll that was 25 P okay and then add them up so which what does call come to their line 14 so what goes here 4
20:30 - 21:00 and you carry the 1 yeah okay and this column here what I come to 6 okay two plus two is four plus five plus six plus one plus one is six good decimal point never moves always stays there and this column nothing yeah good don't forget the pound sign okay right fantastic let's pick one other groups shows what they did in fact I might ask them to
21:00 - 21:30 come support and do it for it's all them forward comment ro come to show get on the board show the class even forgers please Heloise so what's the fuss when you want poor Rachel appeases free face well it was the amount though what's the most like to be bored jaffa cakes 65 Petar oh good yeah
21:30 - 22:00 and zero pounds good next item bread roll 25 feet see how the columns keep it nice and clear we can see the pennies and the pounds good milk 45 feet just
22:00 - 22:30 like a receipt it's really stirred up as now if you carry that the tempeh that good okay one pound 35 is she right yeah she about the pants like not even for that yeah okay I think we'll do now
22:30 - 23:00 is gonna stop and go to our desks so let me spell we're going to be doing our desks in fact I began to our lines that's prolly best that she so it not lines do you face the fight like scott mhairi do no right if you are sitting on Rachel's table or some Myers table listen very carefully listen carefully
23:00 - 23:30 I've given you a little pro show like it's in a supermarket which has got lots of food items on it and it's got that price what want you to do is to pretend that you've got thirty pounds to spend I need to provide breakfast lunch and dinner for two days for three people so look carefully on this day one breakfast day one lunch day one dinner day two breakfast day to lunch day to dinner and
23:30 - 24:00 the totals you want to create a menu for the family so you like the food items in here the price in here add it up and make sure is less than thirty pounds if it's more than thirty pounds you need to take up on items too expensive and replace it with a cheaper item so it's about working to a budget okay if you are working on a meanors and
24:00 - 24:30 Jared's table on your tables are some different food items of their prices on them with three pounds a bit still yesterday you need to come up with as many different combinations of food as possible so what I've done here is I picked the ice cream the tomatoes and the breads I filled in the prices and the total and it's less than three pounds I could have chosen the cherries of strawberries and the bread less than three pounds so look at a table of food
24:30 - 25:00 items different combinations that come to no more than three pounds and there are lots of two sides of sheet BTUs that's that table and that table this table here you can do some work with me using some money and our food objects okay right if you can leave your pears and your little boards on the carpets and gonna sit down your seats please sitting up the girl right pretty choice
25:00 - 25:30 for lunch mr. Stu no three Rangers
25:30 - 26:00 they won
26:00 - 26:30 yeah
26:30 - 27:00 zero power Viva Palestina
27:00 - 27:30 you know
27:30 - 28:00 three times twenty and ten
28:00 - 28:30 one pan there - two pounds - there is
28:30 - 29:00 zero zero okay we one come one no that's
29:00 - 29:30 it
29:30 - 30:00 okay this diagram is very about the farm
30:00 - 30:30 shop and I bought some milk my milk
30:30 - 31:00 costs 45 P who's got the correct money
31:00 - 31:30 for the milk show me 45 good boy under your hard one America goodness I'm painting it more well on you big shots that's it 45 okay here's the harder one this time I
31:30 - 32:00 entered by the bread roll and the milk the bread roll and the milk who's got the right money show me so first these do work out what it costs yep down a bit more for the bread roll 45:25 good what's the total Morris
32:00 - 32:30 we have light for me on that so 45 and 25 good what's the total they show me one of the coins are 217 good boy understand 17 total well done
32:30 - 33:00 let's try another bottle you're good of this let's push even harder okay this time I'm gonna buy the orange and identify the banana the orange and the banana who can show me the right money they use in the shop to buy the orange and the banana if you find a heart do one other time
33:00 - 33:30 is that to pass showing me got to bounce back as small as me 20p what's this L what's this coin worth what's FOMO 20 B it's a
33:30 - 34:00 20 Bitcoin let's we 120 bigger covers the orange 15 17 19 good boy how about you show me 19 P in coins blow job with no breakfast and bullets
34:00 - 34:30 on their own yeah okay Steve Anthony's I'm gonna find
34:30 - 35:00 something you can put in last let's have a carrot with the milk yeah I like peril cheese cheese okay
35:00 - 35:30 yeah get the cheese get the cheese no longer the red man on bread
35:30 - 36:00 I hate that you try to do
36:00 - 36:30 as long as it's a free pass for okay are
36:30 - 37:00 we right it could be more
37:00 - 37:30 pencils down looking this way please
37:30 - 38:00 thank you sada charities right this
38:00 - 38:30 table coins need to go in that piece for
38:30 - 39:00 me
39:00 - 39:30 rest of you pencils in the red pots part of sheets and a part of these little cards here on the tables same with you
39:30 - 40:00 pencils and pots pile of sheets please who's gonna be the first table ready looking like Daniels Oh Loren's maybe Lauren's table cut the carpet please Jarrett's table on the
40:00 - 40:30 carpets show you his table of the carpet please leave the food alone might eat food now okay thank you
40:30 - 41:00 right okay right quickly absolutely okay right I had a brief look round man some children what I worked to me and I could see that those children over here particularly go ask to to feed a family using a budget of thirty pounds
41:00 - 41:30 lots of the managed to do it they looked at the food they've written down what they need and they'd managed to keep within budget of thirty pounds okay the children over here we were using coins and we were paying for items as if we're in a shot and I was pleased with the Norris Abdullahi and I'll show you oh she shy Oh me who each type ask though they've got the right coins up just really really good okay just to finish off today we're going to introduce a new part of money which is using and
41:30 - 42:00 identifying the correct change so as you know when we go to a shop we give over some money sometimes but often the money we give is too much and we get some change back which is good so immediate we can't here here a minute so I'll chop you today we're gonna Majan we're at the school shop where you go buy your nice green jumpers and also you can get book bags from Miss Tommy and also just for this exercise we've got some nice South Ward rulers and some pencils so here's the shop okay
42:00 - 42:30 so first of all who can tell me how much does a Southwold ruler cost hello Louise how much does the southward ruler 30p good zed how much is a southpaw jumper three pounds Camile how much does a Southwold book bag one pound 20 good and a south wall pencil show me
42:30 - 43:00 4 TP 0 pounds 4 TP yeah so I have a 10 Amina's miss Tommy and I got two in the shop and I'm gonna buy some things I show you how I work out the correct change so hi Amelia oh hi Tommy I'm well thank you I want to buy from you today a book bag and they jumper how much will that be 4 pounds 20 P okay now to work out the
43:00 - 43:30 change I'll use my number line the bottom on this side I need to write out how much money I'm going to give Amelia I to give a five-pound note how much is a five-pound note in pence well done good work out there five hundred Pence and Amina's told me that it's 4 pounds 20 yeah how much how
43:30 - 44:00 many pens is 4 pounds 20 4.20 yeah so if I want to I could take away using pence 420 take away 100 pence gives me for four hundred pence take away 100 pence gives me three hundred another hundred is two hundred another hundred is 100
44:00 - 44:30 and which is four pounds twenty says twenty P take away twenty leaves me with a seize pants so immediate change back to me is eighty pence yeah so I've counted back I've given her five pounds it's four pounds twenty or 420 P and my change to Amelia or miss Tommy is ACP
44:30 - 45:00 who wants to come to the school shop and buy something for Amelia remember if you come to the shop you've got to show me that you can work out the change let's try it said need to ask the TR can you to ask Miss Tommy what you're going to buy she'll give you the price see how he gets on and it's cool though you want a school
45:00 - 45:30 jumper and a scumbag yeah I know Munna okay that is 24 pounds 50 P please don't give me miss mediafire panics she's starting with 5 pounds there's a hundred page times that yeah
45:30 - 46:00 okay so it's four pounds fifty or four and fifty P please take my four hundred so far another 50 or you left with 50 pence okay good my only one polymers number line because I preferred it if he'd written as he went along so it's clear what he's doing
46:00 - 46:30 yeah he's taking away under pinch time and at 50 P so that's changed is 50 P yeah we're counting back someone else Lauren couple of shop Lauren okay so
46:30 - 47:00 this cool um teaches to pound 30 plus 40 P that is the pencil is 2 pounds 70 P please use media five pound notes thank you go what changed work out further said she can do
47:00 - 47:30 everyone's listening though I also wants to help him get stuck I was two pounds 70 she's taking away good nice clear take away at 70 now all that leave you is your countdown tens can you sew two
47:30 - 48:00 hundred ninety two hundred eighty two hundred seventy twenty sixty two fifty two forty two hundred two hundred and thirty two thirty people what's two hundred thirty P in pounds and pence Rachel what's 230 P+ assay in pounds and pence copping your time at
48:00 - 48:30 your noise fantastic two pounds 34 two hundred thirty P we probably say two pounds thirteen kazumi about those penny coins would you okay fantastic let's add one more person before we finish come to the shop draw the picture as we have good Helen Louise I'd no choice but she was so sensible sing nicely
48:30 - 49:00 that's picker what can i buy from is the media that's lucky the business okay this good jumper is three pounds plus the ruler is very P that will be three pounds 30 pounds please thank you starts with the five pounds pipe and notes share it
49:00 - 49:30 what she bought make sure you record down here what a real Beijing numberland how do I come here please oh it's just here the phone next to me
49:30 - 50:00 and 30 more isn't it lovely great number line really clear
50:00 - 50:30 in 1770 in pounds and pence hello ease to 1 pound 70 fantastic okay thank you mr. Tommy or miss Amelia okay so we finish today by looking at how we work out the change using a number line tomorrow in numeracy we're going to do more work on calculating the change and hopefully if we do well we're going to using column subtraction for working out the change okay time to go home now so
50:30 - 51:00 what I see your name can you line up please yards