PowerPoint Presentation

Unit 23 MANAGING YOUR OWN MONEY

Week 2Session 1

Learning Aim

Understand the use of credit to borrow money

OBJECTIVES OF THE LESSONAll students will be able to: Apply mathematical understanding to work out calculationsIdentify different sources of creditExplore how to use credit responsiblyAssemble a creative mobile to show your understanding of creditMany students will be able to:Discuss the different types of credit availableSome students will be able to: Critically evaluate the use of credit to borrow money

StarterOn Monday William bought a guitar for 13On Tuesday he sold it for 16On Wednesday he bought it back for 27On Thursday he needed money for a football match so he again sold his guitar, this time for 40.Overall, did William make or lose money?

RecapTop tips on Managing money

Welcome to the tearoom

The class will split into two.

Group 1 - Will sit down and order some food and drinks. Then individually pay for their itemsGroup 2 Will take the orders prepare the food and then take the payment from a single person

THEN WE WILL SWAP

Demonstrate two methods of paying when you settle your bill Lets practice your maths skills

Other students are looking up minimum wage and living wage. 6

Review the tearoom taskWhat did you learn from the tearoom task?What did you find hard?What did you find easy?Why was this task important?

Payday Loans

A dangerous way to borrow money.. Discuss

http://www.youtube.com/watch?v=t7JT2enNi3A

What does APR mean

Board BlastSources of credit

Paired Research ActivityHow can you use credit responsibly.

Consider the following as headings- Know how much you can afford to borrowCheck the interest rateState your personal financial details accurately

Have you met your objectives yet?

Task

Make a creative tree mobile to demonstrate your understanding of credit

LoansCredit cards

Knit me a scarfThroughout this year we will be creating a learning scarf. We will each have a turn at knitting a stitch which signifies what we have learnt in a lesson.

Lets see how long this scarf will get and lets see which group has the longest by the end of the year

Have you met your objectives yet?

ReflectHow could knowing and understanding about borrowing help them in the future.

HomeworkResearch task-Find out about the Student Discounts available.

MANAGING YOUR OWN MONEY

Week 2Session 2

OBJECTIVES OF THE LESSONAll students will be able to:Describe the potential problems of using creditOutline activities to encourage children to learn about basic money concepts Design a childrens game to promote understanding of moneyMany students will be able to: Explain how to ensure credit problems can be avoidedSome students will be able to: Define the benefits of saving money

Starter activityHow many words from the letters inREPOSSESSED

RecapOn your white boards

What is meant by credit

Feedback on homework- are there any new discounts available for students

DiscussionPotential problems of using credit:-

Legal action

Emotional stress

Goods repossessed

Complete the Handout

Think, pair and shareIndividually think of an activity to do with children to help them understand moneyWork in a pair to talk about your ideasShare your idea with the group

Lets PlayUsing the maths resources available can you develop your ideas.

Have you met your objectives yet?

EvaluatePlay other learners games think what areas of SPICE are covered

ReviewThrow a ball to answer a question

MANAGING YOUR OWN MONEY

Week 2Session 3

OBJECTIVES OF THE LESSONAll students will be able to:Assess the importance of charity workResearch and formulate an action plan for a charity event.Many students will be able to: Explain the benefits of fun raising charity eventsSome students will be able to: Formulate a creative and original fun raising plan

Time to think.Think of a charity write it down and pass the paper on

http://www.youtube.com/watch?v=ETxmCCsMoD0&feature=kp

DiscussionWhy is charity work important

Have they taken part in a charity event

Individual Research taskResearch a charity and explain what they do

Plan an event you could do to raise money for the charity

PresentationPresent your findings to the group

Feedback and reflection

Unit EvaluationPlease complete the unit evaluation at the end of you assignment

Make sure everything is signed and dated too!

Have you met your objectives yet?