Steph McGovern breaks down some key areas of study for the topic of financial literacy.
These four short films will provide secondary students with a good understanding of credit, debt, pensions and how interest and taxation works.
These short films are suitable for teaching financial literacy at:
- Key Stage 3 and Key Stage 4 in England (Citizenship and Personal, Social, Health and Economic Education)
- Wales (Mathematical Development and Personal and Social Education)
- Northern Ireland (Mathematics and Numeracy and Learning For Life and Work)
- Third and Fourth Level and the Senior Phase in Scotland (Mathematics and Numeracy, Social Studies and Learning, Life and Work).
Pensions: Where do you get money from when you stop working? video
In about 50 years you can retire, but you'll need money - that comes from a pension. The sooner you start saving for one the easier it is, says Steph McGovern.
Credit and Debt: What happens when you borrow money? video
Steph McGovern takes a look at the ways in which you can borrow money, as well as the costs involved.
Interest: How does compound interest work? video
If you borrow money, you will usually have to pay back more than you borrow. Steph McGovern explains why both debts and savings keep on getting bigger.
Tax: Who pays for schools and hospitals? video
A guide to how governments collect taxes to pay for schools, hospitals, the police, the army and other public services.
Where next?
Dr Emeka’s Essential First Aid. collection
A series of short films presented by Dr Emeka Okorocha which explore some key skills for administering first aid.
Bitesize
Use these Bitesize resources to set homework, independent study tasks or to consolidate learning for your pupils.
Newsround
The latest news stories from Newsround to share in the classroom.
