Year 6 PSHE: Summer 1 worksheet

“What Borrowing Really Costs” is free to print, with no account. It is the first sheet in the Year 6 PSHE unit “PSHE: Summer 1”, for children aged 10 to 11, and takes about 20 minutes.

Print it on A4. The child's pages come first; the answers, and what each wrong answer tells you, are on the grown-up page that follows. Weeks 25 to 30 of the year, 6 sheets in the unit.

Free sample · answers on the last page

What Borrowing Really Costs

Name: ____________ · Date: ____________
Year 6 · PSHE · about 20 minutes
Answers are on the grown-up page

Today I can work out the total cost of borrowing when fees or interest are added.

A Look back3 min

1.
A school trip has a budget of £50. £30 is spent. How much is left?
2.
Mia has £100 in a savings account. Interest of £5 is added. How much does she have now?
3.
Jai has been paid in coins for jobs at home: a 50p, a 20p and another 20p. How many pence in total?

B Watch me, then you4 min

Priya buys a £120 pair of shoes on Buy Now Pay Later. She misses a payment and is charged a £24 late fee. How much does she owe in total?

A shop shelf with a pair of plain trainers on a display stand

Watch me

The price is 120 and the late fee is 24.

The fee is added on top, so 120 + 24 = 144.

Priya owes £144 in total.

Now you

1.
Leo buys a £90 game on Buy Now Pay Later. He misses a payment and is charged a £15 late fee. How much does he owe in total?

C Your turn6 min

Each sum adds the fee or interest on top of the amount borrowed. Work out the total each time.

1.
Ali borrows £100. He is charged £10 interest. How much does he owe in total?
2.
Mia borrows £200 and is charged £20 interest. How much does she owe in total?
3.
Noah's bike costs £60. He is charged £6 for one late payment and £4 for another. How much does he pay in total?
4.
Zara's sofa costs £250. She is charged two late fees of £25 each. How much does she pay in total?

Say it out loud: What was added each time, and did the total go up or down? What changed from one question to the next?

D Spot the mistake3 min

Lou says: “A £100 item with a £10 fee costs £90 in total, because the fee comes off.”

1.
What does it really cost in total?

E Think deeper4 min

In this made-up example, one bike costs £60 if paid on time and £80 if paid late. The bar chart shows both costs.

1.
How much more does the bike cost if paid late? Why might a company not make this extra cost easy to see? Write one sentence for each.

How did it feel?

Think about how you felt when you worked out the true cost. Did anything surprise you? Who could you ask before you borrow money?

I can do it Nearly Not yet

For the grown-up

What Borrowing Really Costs · 2 minutes to read

Answers, and what a wrong one tells you

A

1. 20

2. 105

3. 90

B

1. 105 your child took the fee away and got 75. A late fee is added to the price, so the total goes up. Ask: is the total bigger or smaller than the price?

C

1. 110

2. 220

3. 70 your child missed the second fee and got 66. Both fees are added to the price. Ask your child to add each fee in turn.

4. 300

D

1. 110 your child may have agreed with Lou and taken the fee away to get 90. A fee is added on top, so the total goes up. Ask: does the total go up or down when a fee is added?

E

1. Look for: Says paying late costs £20 more, and gives a reason the extra cost is hard to see, such as small print or wanting people to buy now.

Words to use

Say“Where does the extra money come from, and does the total go up or down when a fee is added?”

Instead of“Tell them the answer straight away, or say that interest-free offers are always a good deal.”

After the sheet

Write three made-up shop prices on paper, such as £40, £65 and £90. Pretend one is paid late with a £5 fee. Work out the new total together, then ask who would have to pay it. If your child worries about money at home, reassure them that grown-ups look after the family's money.

Tick what your child got right in StudyDen. Anything missed comes back in a later Look back box, so there's no need to redo the sheet.

The rest of this unit

5 more sheets come with a StudyDen plan, in teaching order:

Thoughts, Actions and Fairness(with a plan)
Britain's changing communities(with a plan)
How Democracy Works(with a plan)
Your Digital Footprint(with a plan)
Spotting bias in the news(with a plan)

Every Year 6 PSHE worksheet

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