How can financial planning support independent living?
I can explain what I should consider before renting and how I balance income, spending and saving.
How can financial planning support independent living?
I can explain what I should consider before renting and how I balance income, spending and saving.
These resources will be removed by end of Summer Term 2025.
Switch to our new teaching resources now - designed by teachers and leading subject experts, and tested in classrooms.
These resources were created for remote use during the pandemic and are not designed for classroom teaching.
Lesson details
Key learning points
- Renting requires financial responsibility, including timely payments and awareness of additional living costs.
- Prospective tenants must understand their legal rights and assess the affordability of rental agreements.
- Effective income management involves tracking earnings and creating a balanced financial plan.
- Regular saving from income supports financial stability and long-term independence.
- Financial planning is essential for sustaining rental commitments and making informed economic decisions.
Keywords
Renting - paying money regularly, usually monthly, to live in a home that you do not own
Income - the amount of money that a government or person earns
Common misconception
You don’t need to worry about financial planning until you are older.
Financial planning starts as soon as you have any income, like pocket money or a part-time job. Learning to plan now helps build strong habits for the future.
To help you plan your year 11 citizenship lesson on: How can financial planning support independent living?, download all teaching resources for free and adapt to suit your pupils' needs...
To help you plan your year 11 citizenship lesson on: How can financial planning support independent living?, download all teaching resources for free and adapt to suit your pupils' needs.
The starter quiz will activate and check your pupils' prior knowledge, with versions available both with and without answers in PDF format.
We use learning cycles to break down learning into key concepts or ideas linked to the learning outcome. Each learning cycle features explanations with checks for understanding and practice tasks with feedback. All of this is found in our slide decks, ready for you to download and edit. The practice tasks are also available as printable worksheets and some lessons have additional materials with extra material you might need for teaching the lesson.
The assessment exit quiz will test your pupils' understanding of the key learning points.
Our video is a tool for planning, showing how other teachers might teach the lesson, offering helpful tips, modelled explanations and inspiration for your own delivery in the classroom. Plus, you can set it as homework or revision for pupils and keep their learning on track by sharing an online pupil version of this lesson.
Explore more key stage 4 citizenship lessons from the How can we prepare well for financial decision making? unit, dive into the full secondary citizenship curriculum, or learn more about lesson planning.
Equipment
Content guidance
- Depiction or discussion of sensitive content
Supervision
Adult supervision recommended
Licence
Lesson video
Loading...
Starter quiz
6 Questions
someone who needs flexibility for moving in future
someone who cannot afford to buy, but needs lower rent
someone who wants long-term stability and to build equity
Exit quiz
6 Questions
this means you must stick to agreed dates or face consequences
this outlines your rights and responsibilities as a renter
this explains why it is important to be aware of more than just rent