To encourage school kids to think more about money, financial education has been made a compulsory part of the primary school maths curriculum. The hope is that this will develop a generation of financial savvy adults who will avoid the mistakes of their elders!

This is an important step forward, but learning shouldn't stop when the school bell rings at the end of the day. What your children pick up at home can be just as important as what they learn at school, especially at a young age.

If you want to encourage your child's learning at home, it's important to understand what they are being taught at school so you can supplement this, and not confuse your kids with questions that are too tricky, or so easy they learn nothing from them!

Key Stage 2 covers school years 3 to 6 (7-11 year olds), and if you have kids of this age this is what they will be learning as part of financial education:

## Year 3 (7-8 years old):

At this age pupils will learn to add and subtract amounts of money, and to give change, using both £ and p in practical contexts. They will also be taught how to confidently and accurately read and speak about money in pounds and pence.

### Example question:

Colin buys a chocolate bar for 1 x one pound coin. Simon spends 4 X 20 pence coins on a packet of crisps. How much do they spend in total?

## Year 4 (8-9 years old):

During this school year pupils will learn how to solve simple money problems that involve decimals to 2 decimal places and fractions. They'll also be taught how to estimate, compare and calculate different measures including money in £ and p.

### Example questions:

Subtract: £357.00 - £322.00 = (£35.00)

Addition: £157.50 + £123.50 = (£281.00)

Compare example: put these amounts in order : £9.21, £8.77, £9.55, £9.08, £8.98

Answer= £9.55, £9.21, £9.08, £8.98, £8.77

## Years 5 and 6 (9-11 years old):

Over the last two years of Key Stage 2 children will learn how to use all four operations (add, subtract, divide and multiply) to solve basic math problems involving measure (including money) and decimal notation.

### Example questions:

Subtract: £6.21 - £4.46 = (£1.75)

Addition: £4.74 + 5.28 = (£10.02)

Multiplication:If one pen costs 37p, how much do 9 pens cost?

Division: Which is the better buy? A 3 meter roll of fabric for £2.22 or a 5 meter roll of fabric for £3.40.

Answer =The 5 meter roll is the better buy at 68p per metre (the 3 meter roll is 74p per metre)