PowerPoint Presentation

Unit 23 MANAGING YOUR OWN MONEY

Week 1Session 1

Learning Aim

Be able to produce a personal budget

OBJECTIVES OF THE LESSONAll students will be able to: 1)Identify sources of income and expenditure2)Explore how to complete a monthly budget plan 3)Demonstrate their understanding of mathematical calculationsMany students will be able to:Discuss the different types of income they have.Some students will be able to: Evaluate their own skills in preparing a monthly budget

Starter ActivityIdentify the different currencies from around the world.

Why learn about managing money?http://www.bbc.co.uk/skillswise/topic/money

Income and expenditureDiscussion time

Complete the income and expenditure handout

Have you met your objectives yet?

Board BlastWhy do we need to budget

Active LearningUse the scenario given to complete a budget planner

Task Make a budget planner showing your own income and expenditure

Knit me a scarfThroughout this year we will be creating a learning scarf. We will each have a turn at knitting a stitch which signifies what we have learnt in a lesson.

Lets see how long this scarf will get and lets see which group has the longest by the end of the year

Have you met your objectives yet?

ReflectDo you know the price of:

A pint of milk

A loaf of bread

HomeworkResearch task-

Find out how much is the national minimum wageWhat is a living wage?

MANAGING YOUR OWN MONEY

Week 1Session 2

OBJECTIVES OF THE LESSONAll students will be able to:Outline ways to save moneyDescribe a range of money saving practices.Apply mathematical understanding to work out calculationsMany students will be able to: Explain how to ensure expenditure does not exceed incomeSome students will be able to: Define the benefits of saving money

Starter activityMatching pounds and pence

RecapOn your white boards

Name a source of income andA source of expenditure

Feedback on homework

Graffiti boardName ways of saving money

Move sheets after 1 minute

LOOK AFTER THE PENNIES AND THE POUNDS WILL LOOK AFTER THEMSELVES http://www.moneysavingexpert.com/

http://www.gocompare.com/ps.aspx?Media=GG003&PST=1&gclid=CN3G-7uxlbMCFSXHtAodD1YA3w

Lets look at these websites which help us to save money, Why are these effective?

WAYS OF SAVING MONEYSpending lessFinding special offers, bargains and salesSetting a spending budgetSaving some money each weekUsing cash only

WAYS OF SAVING MONEYPutting spending limit in your credit cardWalk/cycle to collegeBuy a student rail cardShopping around the find the cheapest dealGet details information of the offers to see long term hidden affects before you make a decision

WAYS OF SAVING MONEYGet financial advice Research more income avenues Finding out about bank, building society, post offices young person / student saving accounts

PosterComplete a poster highlighting ways to save moneyTo ensure expenditure does not exceed income

Have you met your objectives yet?

Welcome to the tearoom

The class will split into two.

Group 1 - Will sit down and order some food and drinks. Then individually pay for their itemsGroup 2 Will take the orders prepare the food and then take the payment from a single person

THEN WE WILL SWAP

Demonstrate two methods of paying when you settle your bill Lets practice your maths skills

Review the tearoom taskWhat did you learn from the tearoom task?What did you find hard?What did you find easy?Why was this task important?

Review-Why is it important to save money?What could you save money for?

When would you need savings or back up money?

Why is it sensible to save money?

Answer these questions individually on a piece of paper

MANAGING YOUR OWN MONEY

Week 1Session 3

OBJECTIVES OF THE LESSONAll students will be able to:Identify different bank and building societiesDescribe the facilities of a current accountMany students will be able to: Explain the benefits of having a current accountSome students will be able to: Give detailed information about banking facilities

Time to think.How many words from the letters in

NATIONWIDE

Timer-http://www.classtools.net/education-games-php/timer

rECAPMoney wordsearch

Family Support Worker

You are a family support worker for the local childrens centre.

You will be working with your colleague to support parents to find suitable financial organisations.

You will present theseto the parents of the children's centre.

Paired taskIdentify a range of financial institutions

What benefits does a current account offer

What other accounts are offered by banks and building societies

http://www.youtube.com/watch?v=n-Y6V5sqf0U

PresentationPresent your findings to the parents of the centre

Feedback and reflect

REVIEW OF LEARNING On your post it write down three things you now know that you didnt prior to this session

Have you met your objectives yet?

HomeworkUse Pinterest to find images relating to Managing Money.