Y6 Redstart trip: learning about money

First of all, Redstart is a trip to make children understand how to use money wisely and maintain your budget. When Y6 arrived, we were introduced to investors that worked in money at Legal and General. These investors explained our activity for the day. Everyone started with £500…unfortunately not real money! The object of the day was to see who could make the most money by taking some risks.

The way you could make money was by playing different games such as ‘Eye on the Prize’, ‘Fighting Fit’ and ‘Play it with the big boys’. As we said, some of the games have a risky choice or a safer choice. For example, Eye on the prize - the risky choice you have is to pay £50 to have a go but if you get the dart on the dartboard you get £40 per dart but you only get three darts. Also, if you put money in the bank it will increase a little bit with interest so it’s a safer risk. One of the riskiest options was giving your money to ‘Richy Rich’ – a ‘person who said he could double your money for doing nothing! Hmmm…?

During Y6’s session we were taken down to meet a trader, who explained the basics of trading and how much money they would be dealing with every day. It was a brilliant trip. We had loads of fun, tried something different and learnt how stressful it could be to have to make choices about money.

By Adonae and Sebastien