Money Money To understand the differences between wants
Money, Money. . • To understand the differences between wants and needs • To be able to plan a budget that balances income and spending
Hands up if. . . • . . you have ever had a row with a parent or guardian about how much money you spend
Wants and Needs • What are the obvious things that we really “need” • How do these alter from things we just “want”?
Starter • In teams of 3, sort the cards into things someone your age may “want” and things they may “need” • If you’ve done that, try to order the cards by importance, i. e. put the most important one at the top and least important at the bottom
Meet Kerry! • Kerry is 12 years old • She lives with her older brother and her Mum • Kerry loves swimming and dreams about either being a competitive swimmer or a lifeguard when she’s older
• Kerry’s has a few very good friends who she loves to hang out with, text, phone and go on facebook with
• Kerry’s and her friends are all crazy about anything to do with High School Musical
• Kerry usually gets on with her mum ok but recently the households bills have gone up and they have started arguing because Kerry’s mum thinks that Kerry wastes money
• Kerry shouted “You just don’t care about me!” • Her mum tried to explain that she only has about £ 50 per month to spend on Kerry • Kerry said “Mum, I’m a responsible person now. I could do a much better job with £ 50!”
• Next morning, Kerry’s mum went to work at 7. 30 am and left Kerry a note • In a minute you are going to open the envelope addressed to Kerry and try to figure out what you are going to do on your main sheet • Remember you will need to explain the choices you have made on Kerry’s behalf
Sale on! • Whilst making her list over breakfast a “flyer” for a local discount shop comes through the door • As Kerry reads it she realises she could save money on some of the items on her list so she decides to draw up a new list
How did we do? • Have a look at the “Marking criteria” for today’s lesson • Tick the points (1 -6) that you think your team has covered (5 -6 = A, 4 = B, 2 -3 = C, 0 -1 = D) • In the “Effort” row give yourself an effort score (1 = outstanding, 2 = good, 3 = average) Set yourself a target: What could you have done better this lesson? Listened more to others? Get involved more in group discussion? Presentation?
How did everyone else do? • Swap papers with another team, read through their work then score them in the same way • Also think of something positive to say about their work and consider a way in which it could be improved • Swap back and explain these to the other team
Have we covered our objectives? • Get ready to answer how you have done the following: 1. I have shown that I understand the differences between wants and needs 2. I have been able to plan a budget that balances income and spending
Presentation by WGGS
- Slides: 15