| Lesson start ideas | Give a creative idea how to begin a lesson |
| Which subject | Personal development |
| What age group | College |
| What topic | Independent money skills entry 2 |
| Quantity | 1 |
| Any other preferences |
To develop independent money management skills among students at Entry 2 level.
Money management skills are essential for everyone, regardless of their age or occupation. Effective money management skills can help individuals to live a more financially secure and fulfilling life. For students, who are just starting their careers, learning independent money skills can be crucial for their success. In this lesson, we will focus on independent money skills at Entry 2 level.
To begin the lesson, students will be given a virtual budget of £100. They will be asked to spend it on their weekly expenses, such as food, rent, utilities, transport, and entertainment. After 5 minutes, they will be asked to share how they spent their budget and why they made those choices.
The main activity for this lesson will be a case study. Students will be given a case study of a fictional character who is struggling with their finances. They will be asked to analyze the case study and suggest ways to improve the character's financial situation. The case study will include information on the character's income, expenses, debts, and savings.
After the main activity, the teacher will lead a discussion on the importance of independent money skills. The teacher will highlight the benefits of developing such skills, such as being able to live within one's means, making informed financial decisions, and avoiding debt.
To conclude the lesson, the teacher will summarize the key points discussed in the class and will emphasize the need to develop independent money skills. The teacher will also encourage students to practice these skills in their daily lives and provide resources to help them improve their understanding of personal finance.
For homework, students will be asked to track their daily expenses for a week and create a simple budget based on their spending patterns. They will be required to share their findings in the next lesson.