Unit 23

1. Unit 23 MANAGING YOUR
OWN MONEY
Week 1
Session 1

2. LEARNING AIM

3. OBJECTIVES OF THE LESSON
All students will be able to:
1)Identify sources of income and expenditure
2)Explore how to complete a monthly budget plan
3)Demonstrate their understanding of mathematical
calculations
Many 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

4. STARTER ACTIVITY
• Identify the different currencies from around the world.

5. WHY LEARN ABOUT MANAGING
MONEY?
• http://www.bbc.co.uk/skillswise/topic/money

6. INCOME AND EXPENDITURE
• Discussion time
Complete the income and expenditure handout

7. HAVE YOU MET YOUR OBJECTIVES YET?

8. BOARD BLAST
• Why do we need to budget

9. ACTIVE LEARNING
• Use the scenario given to complete a budget planner

10. TASK
•Make a budget planner showing your
own income and expenditure

11. KNIT ME A SCARF
Throughout 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

12. HAVE YOU MET YOUR OBJECTIVES YET?

13. REFLECT
• Do you know the price of:
• A pint of milk
• A loaf of bread

14. HOMEWORK
• Research task-
• Find out how much is the national minimum
wage
• What is a living wage?

15. MANAGING YOUR OWN
MONEY
Week 1
Session 2

16. OBJECTIVES OF THE LESSON
All students will be able to:
• Outline ways to save money
• Describe a range of money saving practices.
• Apply mathematical understanding to work out calculations
Many students will be able to:
Explain how to ensure expenditure does not exceed income
Some students will be able to:
• Define the benefits of saving money

17. STARTER ACTIVITY
• Matching pounds and pence

18. RECAP
• On your white boards……
• Name a source of income and
• A source of expenditure
• Feedback on homework

19. GRAFFITI BOARD
• Name ways of saving money
• Move sheets after 1 minute

20. LOOK AFTER THE PENNIES AND THE
POUNDS WILL LOOK AFTER THEMSELVES
• http://www.moneysavi
ngexpert.com/
• http://www.gocompar
e.com/ps.aspx?Media
=GG003&PST=1&gcli
d=CN3G-
7uxlbMCFSXHtAodD
1YA3w
Lets look at these websites which help us to save money, Why are these effective?

21. WAYS OF SAVING MONEY
1. Spending less
2. Finding special
offers, bargains
and sales
3. Setting a spending
budget
4. Saving some
money each week
5. Using cash only

22. WAYS OF SAVING MONEY
1. Putting spending limit
in your credit card
2. Walk/cycle to college
3. Buy a student rail
card
4. Shopping around the
find the cheapest deal
5. Get details
information of the
offers to see long
term hidden affects
before you make a
decision

23. WAYS OF SAVING MONEY
1. Get financial advice
2. Research more
income avenues
3. Finding out about
bank, building society,
post office’s young
person / student
saving accounts

24. POSTER
• Complete a poster highlighting ways to save money
• To ensure expenditure does not exceed income

26. HAVE YOU MET YOUR OBJECTIVES YET?

27. 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 items
Group 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
Let’s practice your maths skills

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

29. 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

30. MANAGING YOUR OWN
MONEY
Week 1
Session 3

31. OBJECTIVES OF THE LESSON
All students will be able to:
• Identify different bank and building societies
• Describe the facilities of a current account
Many students will be able to:
Explain the benefits of having a current account
Some students will be able to:
• Give detailed information about banking facilities

32. TIME TO THINK…….
• How many words from the letters in
• NATIONWIDE
• Timer-
http://www.classtools.net/education-
games-php/timer

33. RECAP
• Money wordsearch

34. FAMILY SUPPORT WORKER
You are a family support worker for
the local children’s centre.
You will be working with your colleague
to support parents to find suitable
financial organisations.
You will present these
to the parents of the children's centre.

35. PAIRED TASK
• Identify 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

36. PRESENTATION
•Present your findings to the
parents of the centre
•Feedback and reflect

37. REVIEW OF LEARNING
On your post it write down three things you now know
that you didn’t prior to this session

38. HAVE YOU MET YOUR OBJECTIVES YET?

39. HOMEWORK
• Use Pinterest to find images relating to
Managing Money.