A bank statement is record of all transactions that occurred during a set period of time.

A budget is a way to manage your money. It can be used to keep track of your expenditure and make sure that it does not exceed your income.

Planning and budgeting

Financial education

Financial paperwork and budgeting

Investing in my future

Planned saving and borrowing

In this unit we learn about financial paperwork, future-focused investing, saving strategies, and practical budgeting.

Smart spending: budgets and investments

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

Depiction or discussion of sensitive content

A {{}} is a record of all transactions that occurred during a set period of time.

A {{}} is a way to manage your money. It can be used to keep track of your expenditure and make sure that it does not exceed your income.

Sofia is budgeting and has realised her outgoings exceed her earnings from her part-time job. Which of the following would you suggest she cancel, in order to manage her money?

Laura's parents want to save for a family holiday.  Which of the following outgoings could they cancel, in order to increase their savings?

Buy his lunches from a supermarket which offers meal deals

Subscribe to a lunchbox delivery service, costing £40 per week

Sam's uncle has a full-time job. He typically spends £150 a month on buying his lunches from a stall near his work. What could he do to reduce the amount of money he spends on lunch each month?

Buying lunch from a supermarket offering a £6 meal deal each day

Buying lunch from a stall with an average lunch price of £7.50 per lunch

Subscribing to a lunchbox delivery service, costing £40 per week

Meal-prepping lunches in advance, spending £5.50 on groceries per lunch

Sam's uncle will work 20 days this month. He typically spends £150 on lunches in a month. Which option(s) would reduce what he spends on lunches this month?

Aisha has £2.25 to spend in the local café. Which of the following options can she afford?

Andeep has £3.75 to spend in the local café. Which of the following options can he afford?

Izzy has £4.20 to spend in the local café. Which of the following options can she afford?

Jacob has £5 to spend in the local café. He buys a mug of hot chocolate and a muffin. What change does he receive?

Jun has £10 to spend in the local café. He buys two cups of coffee and a cake. What change does he receive?

Lucas has £12 to spend in the local café. He buys a cup of squash, two mugs of hot chocolate, a muffin and a cake. What change does he receive?

Planning and budgeting

Lesson outcome

Content guidance