range of ways • bedroom which would fit in each column. How do we make the distinction between the 3 • luxury categories? Emphasise personal and family values • need and lifestyle choices. • plan • As a whole class, create a character of the same • budget age as the children and make a class list of what • save the character could spend money on, how much • spend these items cost and whether they are regular or • I understand • pocket occasional purchases/luxury items. Add up total the reasons for money cost of items and give character a pocket money and the • purchases amount that is less than this. What can the To know how to plan importance of a 4 • regular character do if they don’t have enough money? and budget financial plan to • • Group work: imagine the character wants to buy save money for a occasional an expensive luxury item eg. MP3 player that costs specific purpose • afford £40. Write a financial plan for the character – how • wants they can save money over the weeks to get the • desires item.? How can they earn extra money? • needs • Groups present plan to class and discuss its • luxury advantage and disadvantages. • Thought shower: recap on how our families • charity spend and use money – mortgage, food, travel. • poor Does everyone have this money? In the UK? In • poverty other countries? What happens if you don’t have • I can tell you • vulnerable money? How do you feel towards people less the names of • fortunate fortunate than ourselves? To understand what a 5 several charities • homeless • Discuss the work of a well-known charity eg. Age charity does and what they • shelter Concern, CAFOD. What does it do? How does it do • hungry help people in other countries? What might • starving poverty mean in a poorer country? • giving • Group work: look in local and national papers • generosity and magazines for adverts for charities. Write a list of their names and what they do. • • Decide on a local charity to raise money for • I can make a To set a simple goal: (could be whole school event) and how. 6 simple financial • event fund-raising for charity • Group work: come up with ideas to raise money plan • local and write a plan. Present plan to class. charity
range of ways • • luxury • need bedroom which would fit in each column. How do we make the distinction between the 3 categories? Emphasise personal and family values and lifestyle choices. 4 To know how to plan and budget • I understand the reasons for and the importance of a financial plan to save money for a specific purpose • plan • budget • save • spend • pocket money • purchases • regular • occasional • afford • wants • desires • needs • luxury • As a whole class, create a character of the same age as the children and make a class list of what the character could spend money on, how much these items cost and whether they are regular or occasional purchases/luxury items. Add up total cost of items and give character a pocket money amount that is less than this. What can the character do if they don’t have enough money? • Group work: imagine the character wants to buy an expensive luxury item eg. MP3 player that costs £40. Write a financial plan for the character – how they can save money over the weeks to get the item.? How can they earn extra money? • Groups present plan to class and discuss its advantage and disadvantages. 5 To understand what a charity does • I can tell you the names of several charities and what they do • charity • poor • poverty • vulnerable • fortunate • homeless • shelter • hungry • starving • giving • generosity • Thought shower: recap on how our families spend and use money – mortgage, food, travel. Does everyone have this money? In the UK? In other countries? What happens if you don’t have money? How do you feel towards people less fortunate than ourselves? • Discuss the work of a well-known charity eg. Age Concern, CAFOD. What does it do? How does it help people in other countries? What might poverty mean in a poorer country? • Group work: look in local and national papers and magazines for adverts for charities. Write a list of their names and what they do. 6 To set a simple goal: fund-raising for charity • I can make a simple financial plan • • event • local charity • Decide on a local charity to raise money for (could be whole school event) and how. • Group work: come up with ideas to raise money and write a plan. Present plan to class.