Financial literacy

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• Primary Education

Financial literacy

Learning objective

What type of spender are you?

Which one best describes your attitude to money?

What about your decision making around money?

What's your attitude to spending and saving?

Slide text

Do you use the internet for information or to seek advice for money?

Are you planning for the future?

Are you a planner, dreamer or drifter???

Are you a planner, dreamer or drifter???

Are you a planner, dreamer or drifter???

Budgeting task

In your groups you will be allocated a job role.

Task 1:

• Deduct your monthly outgoings from your wages.

• Split some of your outgoings into weekly payments (e.g travel, food)

• How much money do you have left? How much do you think you could save out of that money?

Budgeting task

Task 2.

• Roll a dice to decide how many optional extras you will have to pay out per month

• Deduct these from your left over money

• How much do you have now?

Budgeting task

Task 3

Each week you are given 2 scenario cards. These could be extra money, extra expenses, or scenarios where you have to decide what to do.

As a group, you have to make decisions based on these scenarios and then move onto the next week.

How much money do you have left?

Banquet budgeting

You need to create 2 menu's for the wedding for the bride and groom to choose.

Scenarios

Team 1: you must cater for 10 vegetarians

Team 2: 6 people have requested Beef wellington (bride & groom plus both sets of parents)

Team 3: 8 children are attending, their meals are half price

Team 4: All guests will have half a glass of wine