Being able to create a budget and save money can help young people feel more confident about finances and plan for the short and long term. The activities on this page cover creating a budget, bills and when they need to be paid, and the results of not managing money effectively.
(30 - 150 minutes)
This lesson is designed to help students understand how budgeting and saving regularly can help with effective money management. It also explores the importance of prioritising bills and understanding income and expenditure.
By the end of this lesson students will be able to:
We have created a short film in partnership with education charity The Talent Foundry, adapted from a Facebook live session, to get your students thinking about and exploring ways they can save money. This film can be used as an opening activity for the lesson to encourage your class to think about their own spending and saving habits.
Follow this lesson with further money skills lessons for this age group, which cover 'Finances in the world of work' and 'Planning your finances for the future'. You’ll also find another interactive worksheet and an online lesson film alongside the 'Financial survival skills' lesson. Why not build financial capability as a focus in your students’ curriculum? Refer to our Content guide to find out how this LifeSkills resource can be used in lessons.
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