Life Skills·Money & Finance·conceptual
What Money Is
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
Suggested ages 5–7
Evidence of understanding
- 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 What Money Is why people use money instead of just swapping things, could they give you a sensible answer?
Standards alignment
No external standards are linked to this topic.