Planning Budgets, Credit and Debt
In this lesson students are tasked with becoming money mentors for a series of characters, to understand financial terminology, and learn ways to save, manage debt and borrowing money safely.
By the end of the activity students will have:
• Identified ways of reducing spending and saving regularly by completing a budget.
• Discussed different reasons for, and ways of, borrowing money.
• Completed a savings action plan for a fictional character.
50mins
Online
Agriculture and land
Creative
Chemical sciences
Construction and built environment
Digital technologies
Energy
Engineering and manufacturing
Food and drink
Healthcare
Financial services
Life sciences
Tourism
Retail
Public sector and security services
Hospitality and catering
Education
Transport
Social care
Awareness
Secondary S1 to S3 (11-14 year old)
Secondary S4 to S6 (14-18 year old)
Not in education (16-24 year old)
Aberdeen City
Aberdeenshire
Angus
Argyll and Bute
Clackmannanshire
Dumfries & Galloway
Dundee City
East Ayrshire
East Dunbartonshire
East Lothian
East Renfrewshire
Edinburgh (City of)
Eilean Siar
Falkirk
Fife
Glasgow
Highland
Inverclyde
Midlothian
Moray
North Ayrshire
North Lanarkshire
Orkney Islands
Perth & Kinross
Renfrewshire
Scottish Borders
Shetland Islands
South Ayrshire
South Lanarkshire
Stirling
West Dunbartonshire
West Lothian