Follow The Money


In Section 2, students will strengthen their understanding of their relationship with money, including examining where their money comes from, their spending habits and considering personal needs versus wants and budgeting accordingly.

L1: Money – where does it come from, where does it go?

In this lesson students are encouraged to identify the sources of money for young people, whether it comes from income earned in casual work (e.g. babysitting), pocket-money or money received as gifts from relatives. Students will also start to think about what they spend their money on.

L2: Spending Diary – what you spend

Often it is the small day-to-day things that really add up and this is where savings can be made.  In this lesson, students will read through a case study to see exactly where the character’s money is going and identify where they can make savings

L3: Spending Diary – over to you!

In Lesson One, we looked at our three biggest weekly expenses, but do we really know how much we spend in a week?  In this lesson, students will be facilitated in keeping their own weekly Spending Diary, which will increase their awareness of their spending habits.

L4: Calculating spending

In this lesson, students will use their completed Weekly Spending Diaries to calculate monthly and annual spending relative to categories such as food and drink, clothes, entertainment etc.

L5: My needs and wants

In this lesson, students explore and become more aware of the differences between needs and wants and will use their completed Weekly Spending Diary from Lesson Three to distinguish between their own spending on needs and wants. Click here to download Adobe Reader

L6: Money goals

During this lesson, students will consider one money goal in detail. They will consider when they hope to achieve this goal and the steps they are prepared to take to make it happen.  Most money goals are realised when people plan and save.

L7: Investing in future

Ideally people are ready to deal with the impact and consequences of life events and circumstances, but this is not always the case.  In this lesson, students will consider the financial impacts and the consequences of different life events.

L8: Giant Steps – needs and wants in action

Different people have different needs and wants when it comes to their spending.  In this lesson, we will look at what this means for the present and future financial well-being of a range of people.

L9: Future needs and wants

No matter who you are, life will throw both expected and unexpected events and circumstances your way.  In this lesson, students will be asked to list the ‘big’ life events that they may face in the future and review their needs and wants in light of these events.

L10: Spender/Saver quiz

Some people are savers of money and others are more likely to be spenders.  In this lesson, students will take a quiz to identify whether they have saver or spender tendencies.  Becoming more familiar with their own attitudes and habits will help them to develop a healthy relationship with money.

L11: Introducing budgets

Planning for the future helps us to get what we want or need. Managing money can be tricky; it’s easy to lose track of spending and end up not being able to make ends meet. Learning how to budget is a simple way of managing your money.

L12: Making a budget

In this lesson students design their own weekly budget template, refer back to their spending diary and discover whether or not they are living within their means.  Their homework task involves using case studies to populate a budget template.

L13: Budget health checks

In this lesson, students continue to practice the skills of budgeting.  Drawing on Lesson Twelve: Homework Task students should take a closer look at budgets and identify the changes that can be made to create a healthier budget.

L14: Using a budget to plan for a holiday

Budgeting and planning can help you save money day-to-day but can also help you plan for a future event. Think of what you may need money for and if the amount you can save would be enough for it.

Project: Interactive Budgeting Tool

Students consider how they can get young people to take the time to budget, whether it is for a specific goal (school trip, summer holiday, debs) or just to keep a better track of their spending.

Student Resources

Here you will find a list of all the Worksheets for Section 2