PHSE - Economic wellbeing and financial capability Lesson 1 – Value for money L.O. – Capability 1.2b - Learning how to manage money and personal finances.

PHSE - Economic wellbeing and financial

capability

Lesson 1 – Value for money

L.O. –

• Capability 1.2b - Learning how to manage

money and personal finances. • Capability 1.2d - Becoming critical consumers

of goods and services.

What is the job of a company?

Task – Maximise profits

• Imagine you manage a large supermarket

• What do you think supermarkets do to maximise profits?

• What else could you do to get people to spend more money?

Is this a good deal?

46% OFF

Which is better value for money?

Are you good with money?1. Sally Saver – Has £500 for a holiday. She spends

£100 on a budget flight to Rome for 4 days, stays in a youth hostel and manages to save £200.

2. Frankie Frugal – Has £500 for a holiday. She finds a bargain flight to New York, stays in a nice hotel with a pool for a week and gets discount theatre tickets but spends the whole £500

• Which holiday would you prefer?

Who do you think is better with money?

Mantra for the skint• Do I need it?

• Can I afford it?

• Can I get it cheaper somewhere else?

• Will I use it?

• Is it worth it?

• Can I get it cheaper somewhere else?

Mantra for the not skint

Task – The cost of fashionYou must design 3 outfits

1. A casual outfit for everyday wear

2. A sporting outfit of your choice

3. An outfit for formal/special occasions

Your budget will be between £100 an £300 so spend wisely

Each outfit must include suitable footwear

How to look good for less.

• Budget friendly shops• Don’t be a shop snob• Sales• Cost per wear• Discount centres• Accessories• Swap not shop• Auction websites• Discount vouchers• Alter your existing clothes• Make your own clothes• Charity shops

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