We have been very fortunate to have several visitors this week to discuss money matters in year 56: Virgin Money representatives, Wetherby Food Bank and also Mrs Quirk (Sphere Federation Business Manager).
Mrs Quirk talked about how taxes help to fund our school and showed children a breakdown of how we spend our money. Children were shocked at how much money is spent of toilet rolls each year!
Children have learned about the difference between a credit and debit card. They have discussed the advantges and disadvantages of each.
They have also learned about what tax is and why it is so important.
At home, discuss some of the major expenses your household has to pay for each month. Discuss the benefits of using a bank account and what our taxes are used for.