LESSON 6 - Watch the Powerpoint Presentation firstly.
This lesson is best approached with an adult or older sibling.
Try to sort the 'Money Vocabulary Matching Activity'.
Use the 'Money Saving Scenario Cards' and decide which way would be best for saving that money - Is there any risk involved in looking after their money that way? Identify that there is some financial risk with most money saving ventures but we can aim to reduce this risk, where possible.
Read the instructions for the 'Invest for Success' game.
Use the sheet provided and play the game. Who had the biggest losses? Who had the biggest returns? Opportunities for greater gains also provide greater potential risk. Bank and savings accounts are a good way to store large amounts of money and although there is a small element of risk with any of these, if chosen sensibly, we can minimise this.
LESSONS 7 & 8 - Please watch the powerpoint presentation first which explains Lessons 7 and 8 in more detail. These activities are best done with an adult or older sibling.
LESSON 7: The 'Weekly Money Task Cards' are labelled days 1-21. Read each of these and stroke off the money you spend on your 'Money Sheets'. Alternatively, you can cut out and place your money into your 'Money Wallet' and remove money as you spend it over the 21 days. If you have money left over you can choose what to do with it.
LESSON 8: Use the 'Spending Activity Sheet' and the 'To Do List' to work out how much money you have each month and how much money you have to spend.
You can add items to your Spending Activity Sheet Calendar in the order you want, however make sure you buy everything you need as often as you want it. When you have completed your calendar, colour each block to show how you would prioritise each item, shading what you need in green and what you want in blue.
This should teach you about how you prioritise your spending. Look again at the 'Money Task Cards - days 1-21' from the previous lesson and put them in order of priority for spending.