Lesson 1: Money – where does it come from, where does it go?
Introduction
Time:
Single class period
Materials:
Activity One: Money sources
- Flipchart sheets
- Markers
Introduction:
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.
Step-By-Step Instructions
Activity One: Money sources
1. Explain to the class that they will think about how young people get access to money.
2. Divide the class into small groups.
3. Invite each group to discuss where the money in young people’s pockets might come from.
4. Distribute a flipchart sheet and markers to each group.
5. Invite the students to graphically represent the sources of money for young people, for example pie chart or bar chart etc.
6. Ask each group to present their completed flipchart sheet to the class.
Activity Two: Top three spends
1. Tell the class to think about how they spent money the previous week.
2. Invite each student to write down their three biggest weekly expenses in order of the amount of money spent (where number one costs the most amount of money and number three costs the least amount of money).
3. Invite students to calculate the total spent on their top three items. Encourage them to carry out this step individually. Sharing the amount they spent is not necessary.
4. Facilitate a whole class discussion using the following questions as prompts:
- What do young people spend the most money on?
- What do they spend the least money on?
- Do you think young people manage to save money on a weekly basis?
- What stops young people from saving money? What helps them to save money?
- How can young people make sure that they have enough money to buy the things they need and not spend more than they have?
