PHSE - Economic wellbeing and financial
capability
Lesson 1 – Value for money
L.O. –
• Capability 1.2b - Learning how to manage
money and personal finances. • Capability 1.2d - Becoming critical consumers
of goods and services.
What is the job of a company?
Task – Maximise profits
• Imagine you manage a large supermarket
• What do you think supermarkets do to maximise profits?
• What else could you do to get people to spend more money?
Is this a good deal?
46% OFF
Are you good with money?1. Sally Saver – Has £500 for a holiday. She spends
£100 on a budget flight to Rome for 4 days, stays in a youth hostel and manages to save £200.
2. Frankie Frugal – Has £500 for a holiday. She finds a bargain flight to New York, stays in a nice hotel with a pool for a week and gets discount theatre tickets but spends the whole £500
• Which holiday would you prefer?
Who do you think is better with money?
Mantra for the skint• Do I need it?
• Can I afford it?
• Can I get it cheaper somewhere else?
• Will I use it?
• Is it worth it?
• Can I get it cheaper somewhere else?
Mantra for the not skint
Task – The cost of fashionYou must design 3 outfits
1. A casual outfit for everyday wear
2. A sporting outfit of your choice
3. An outfit for formal/special occasions
Your budget will be between £100 an £300 so spend wisely
Each outfit must include suitable footwear
How to look good for less.
• Budget friendly shops• Don’t be a shop snob• Sales• Cost per wear• Discount centres• Accessories• Swap not shop• Auction websites• Discount vouchers• Alter your existing clothes• Make your own clothes• Charity shops
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