Financial Literacy Hairdressing
Learning Outcomes
- Work as a salon team to manage a realistic budget
- Solve problems and make quick decisions under pressure
- Understand how money choices affect work and training life
- Apply budgeting skills directly to hairdressing scenarios
Why This Matters in Hairdressing
Hairdressing is a creative career and a business-focused one. Strong money skills help with:
- Managing salon budgets
- Choosing cost-effective tools and products
- Planning for self-employment or chair renting
- Building habits for life outside the salon
Skills You Will Develop
- Teamwork
- Budget management
- Client-focused decision making
- Problem solving
- Communication
- Planning & organisation
- Adaptability
- Reflection
Money Style Activity
Planner, Dreamer or Drifter?
Make a note of which number you align with the most.
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Salon Consequences
Examples of what happens when money isn’t managed:
- Struggling with bills or rent
- Unsafe borrowing
- Online scams
- Misusing credit
Budgeting on a Trainee Wage
Individual activity
minute
second
Salon Station Budgeting Challenge
In your teams:
1. Create a fun team name!
Each member chooses items from their role area.
2. Together choose up to 6 items total.
3. Stay within the £60 budget.
4. Complete the tasks.
Group Presentation
Teams present station setup, decisions, and strategies for attracting clients.
Final Reflection
One financial skill used today.
One realistic money goal and first step.
Useful UK Resources
Money Helper
HSBC Budgeting
Lloyds 50/30/20 Rule
Money Saving Expert
Barclays You Matter