Finance and money Children need to develop a good mathematical understanding in order to function effectively as members of society (Mooney et al, 2014, p.1). Money is an important aspect in everyone’s life and children need to be exposed to it at school. Nowadays, society handles physical money less and less, due to paying by card, online banking and mobile therefor children do not usually see or handle coins and notes as much as they used to. We need to equip young people with the knowledge and skills they need to manage their money (Drabble, 2014). The national literacy and numeracy framework (LNF) has been developed to help achieve our aims that the children of Wales are able to develop excellent literacy and numeracy skills during their time in school (Welsh Government, 2013). Under the second numeracy strand in the framework, ‘using number skills’, incorporates the use of managing money. The Framework (2013) states that learners in Key Stage 2, Year 2 are able to: · ...