Life skills // Money & Finance
Banks & Saving
What banks do and why people use them; bank accounts as safe places for money; that savings in a bank can earn interest; children's savings accounts
Quick check
Could the learner explain what a bank does and why people put their money there instead of keeping it all at home?
Ask this to see whether the topic is secure.
Topic // Mastery
What mastery looks like
- Explain what a bank does in simple terms (keeps money safe, lets you save)
- Describe what interest means (the bank pays you a little extra for keeping money there)
- Name one reason a bank account is safer than keeping all your money at home
Topic // Map
Where this fits
- RequiredMust come first
- HelpfulHelps, but not essential
Before this
2 topics- Saving MoneyRequired
Money & Finance // Ages 5 to 7
Must understand saving before learning about banks as saving institutions
- Looking After MoneyHelpful
Money & Finance // Ages 5 to 7
Understanding money safety motivates why banks are useful
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Banks & Saving
Ages 7 to 9 // Concept
Leads to
2 topics- Financial PlanningRequired
Money & Finance // Ages 9 to 11
Must understand banking and interest before planning long-term savings goals
- Borrowing & DebtRequired
Money & Finance // Ages 9 to 11
Must understand banks and interest before learning about loans and debt
Life skills // Money & Finance
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