Financial risks

This activity pack helps young people understand the potential financial risks which could be involved in activities such as renting a flat, applying for a credit card, going to university and starting a new job. It presents participants with a real-life scenario where a threat to their financial security could occur, challenging them to think about how the advice they’d offer in these situations.

Learning outcomes

By the end of the lesson, students will be able to:

• Highlight and rank the different types of financial risks involved in a number of activities
• Understand that everyone has their own view of financial risk, shaped by their experiences, influences and personality
• Appreciate the importance of being aware of online financial risks, as well as the consequences these can have and how to avoid them
• Demonstrate an ability to give personal advice in response to a real-world situation involving financial risk

To access worksheets for all twelve activity packs in one place, use our ‘Setting yourself up for financial independence’ workbook.

Other LifeSkills lessons are also suitable for use with care leavers to support them on their employability journey, here are some to get started with:

• Staying positive (resilience)
• Tailoring your CV and using networks
• Interview Skills
• Aiming high (proactivity)