When something is ethical it is in line with beliefs and principles about what is right or wrong or morally correct or acceptable.

Fairtrade means that producers such as farmers are paid a fairer price for their work. There are also higher environmental standards and investment in local communities (e.g. building schools).

Recycling is treating things that have already been used so that they can be used again.

Sustainable means causing little or no environmental damage e.g. if trees are cut down, more are replanted.

Ethical spending

Financial education

Who pays for all of this?

How do you plan and manage a budget?

Value for money?

Cultural and moral perspectives

In this unit we look at public spending, personal budgeting, getting value for money, and how ethics and beliefs shape financial choices.

Budgets and ethical spending

Subjects which particular individuals may be sensitive to, eg, adoption, migration, bereavement or death, divorce, poverty, deprivation.

Depiction or discussion of sensitive content

Producers such as farmers are given a better price for their work.

Products have been grown be young people.

How much more does a Fairtrade farmer get paid for their crop, compared to a non-Fairtrade farmer?

What products could palm oil be found in?

It has a high yield (it produces more oil than other crops).

Forests are often cut down to grow the oil palms.

It's cheaper to grow than other vegetable oils.

What is the main problem with buying products containing palm oil?

breaks down naturally into harmless materials

causing little or no environmental damage

treating used products or materials so they can be used again

Find the missing word. __________ means how much something is worth.

Why do these objects have value? Match them up.

Books normally cost £6 each. In which deal does each book cost the least amount?

Chocolate bars normally cost 80 p each. Jacob buys 3 bars for £2. How much money did he save?

There is a special offer on footballs: buy one, get one half price. Aisha buys two footballs for a total cost of £12. What is the full price of one football? £{{ }}

Jacob buys a chocolate bar which costs exactly £1. How much money did the farmer who grew the cocoa beans get from the bar?

Ethical spending

Lesson outcome

Content guidance