Spending and saving
Teenagers
,
Citizenship
,
Consumer Skills
,
Mathematics
,
Numeracy
,
Business Studies
This section is aimed at key stage three pupils (11-14). The sessions aim to explore different attitudes to spending and saving, to get pupils to think about the different responsibilities one has at different life stages and to know how and where to get advice if they experience financial difficulties.
Learners are able to budget in order to manage their own personal finances, and evaluate the consequences when making financial decisions.
This lesson starts with a de-brief from the homework and students are encouraged to think about the kinds of decisions they have made and could make in the future with regard to their own personal financial management. This starter activity is intended to encourage a sense of engagement and motivation to explore the information in the next activity.
Once the discussion has highlighted some of the problems of poor financial management, students are given new information, through student activity sheets, to brief them on debt and debt management. This sets the scene for the next part of the lesson, for which there are two options.
Option 1 is intended for classrooms where students have ready access to the Internet and can research the kinds of advice available to people who are experiencing financial difficulties. They can apply the information they find out by thinking about how each organisation could help the Bradley family.
In option 2, students are given the opportunity to apply the information from the middle part of the lesson, through a series of role plays, in which the Bradley family try to resolve some of their difficulties.
Assessment:
There are many opportunities to asses pupil understanding of the issues, you could record discussions / role-play and score the presentations. The teacher should aim to provide feedback to students on the extent to which they can apply the information to the actual problems being experienced by the Bradley family.
