Starter quiz
- Find the missing word to complete the definition. ______ is something you gain when you complete a course or training.
- earn
- employment
- an income
- a qualification ✓
-
- Which of these are positive feelings?
- anger
- pride ✓
- excitement ✓
- guilt
-
- Jacob gives Sofia and Aisha £5. He gives Alex £10. Who might be happiest?
- Aisha
- Alex ✓
- Sofia
- None of them ✓
-
- What might help you most in getting a good job?
- qualifications ✓
- your name
- good team working skills ✓
- shiny shoes
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- Alex needs to borrow £1. Who might he ask to borrow money from first?
- His parents ✓
- A friend
- His younger sister
- His teacher
-
- Alex saves £2.50 every week so he can buy a game costing £15. How many weeks does he need to save for? ______
- '6' ✓
Exit quiz
- Find the missing words. __________ an amount of money that needs to be paid back.
- Consequences are
- Earn means
- Income means
- A debt is ✓
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- What does borrow mean?
- Use someone else’s money. It will be paid back later. ✓
- Take someone's money. It does not need to be given back.
- Take money from a friend.
- Get money from doing a job.
-
- Complete the good advice. You should only lend money __________.
- if you can afford it. ✓
- at the weekend.
- to people you trust. ✓
- to people the same age as you.
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- Sofia has lent Alex £2. Weeks pass and Sofia does not mention the money. What should Alex do?
- Give Sofia £2 as soon as he can. ✓
- Wait until Sofia mentions the money and then pay it back.
- See if Sofia mentions it and say he has already paid her back.
- Try to forget all about it.
-
- Sofia has saved up £10 over several weeks. She sees the toy she is saving up for on special offer at just £12! What should she do?
- Wait until she has saved £12
- Ask to borrow £2 from her mum ✓
- Ask the shop if they will reduce the price even further to £10
- Buy something else instead
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- Jacob wants a computer game. It costs £12.50. Jacob has already saved £5.50. How much money would he need to borrow to buy the game? £______
- '7' ✓
Worksheet
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Presentation
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Video
Lesson Details
Key learning points
- Saving money means we can buy things we want.
- Decisions can be made as to how much money you spend or save.
- Lending money to other people needs to be thought through carefully.
- Borrowing money from other people needs to be thought through carefully.
Common misconception
If you have borrowed money from someone, it's their responsbility to ask for it back.
It's the reponsibility of the borrower to remember and pay it back.
Keywords
Consequences - Consequences are the results of an action.
Borrow - Borrow means to use someone else’s money. It will be paid back later.
Debt - A debt is an amount of money that needs to be paid back.
Lend - Lend means give someone money temporarily. It will need to be paid back later.
Owe - If you owe money, you need to pay someone back.
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