A budget is the money that is available and a plan of how it will be spent over a period of time.

Budgeting is the process of planning to spend an amount of money for a particular purpose.

How do you plan and manage a budget?

Financial education

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

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

Depiction or discussion of sensitive content

Pick the word to complete the sentence: Writing a  {{ }} helps you to plan how to spend or save money wisely.

Pick the word to complete the sentence: The {{ }} is the gap between the money you have and the money you need.

Tickets cost £15 and the match is in 4 weeks. Sam has £7 so how much does she need to save each week to be able to afford the ticket?

Sam gets £3.50 pocket money each week. If she needs to save £8 in four weeks, how much money can she spend each week?

The pupils need to make £300 by selling tickets to the school show. If they charge £2 for a ticket, how many will they need to sell?

The summer fair has to make enough money to cover a deficit of £475 If the fair raises £725, how much profit has the fair made?

Pick the word to complete the sentence: Money that is taken from what people earn is called {{ }}.

Value added tax is money added to some goods and services that we buy. It is added to items that we {{ }}.

Is VAT added to the cost of children’s clothes?

Someone pays 20% income tax on their taxable earnings and they pay £3,000 in tax. Which amount shows their taxable earnings?