Lesson 1: What is Money?
What money is, why we use it, and how it works.
A short introduction to what money is, why we use it instead of barter, and how it works as a store of value and medium of exchange.

Start with four short foundational lessons: what money is, earning, needs vs wants and saving. Then go further with bank accounts, digital money, inflation and smart money habits.
Phase 1: Foundation
What money is, why we use it, and how it works.
A short introduction to what money is, why we use it instead of barter, and how it works as a store of value and medium of exchange.

Where income comes from and how people earn money.
Different ways people earn money: wages, casual work, allowances and pocket money.

The difference between needs and wants and why it matters.
How to tell the difference between what you need and what you want.

Why we save, where to keep savings, and simple habits.
Why saving matters, where to keep your savings, and simple habits like paying yourself first.

Phase 2: Going further
How bank accounts work and how to use them.
How bank accounts work and how to use them for saving and spending.

Online and digital ways to pay and manage money.
Online and digital ways to pay and manage money safely.

What inflation is and how it affects your money.
What inflation is and how it affects the value of your money over time.

Habits that help you manage money well.
Habits that help you manage money well for life.

Complete the applied case study to bring together everything you have learned. Your answers will be graded by your teacher using a rubric.
Go to Applied Case Study →