Lesson plan 1 the importance of saving powerpoint

THE IMPORTANCE OF SAVING

WHAT DO YOU WANT TO BUY

• Mobile Phone

• Ipod

• Laptop

• Xbox

HOW MUCH WILL IT COST?• Full Retail Price

• Sale Price

• Buy Online

• Buy 2nd hand

• Discuss Advantages/Disadvantages of each method

WHAT IS YOUR INCOME?

• Do you have a part time job?

• Do you receive pocket money?

• Do you receive money for Birthday or Christmas presents?

WHAT ARE YOUR WEEKLY EXPENSES?

• Train fare?

• Mobile Phone Bill?

• Canteen?

• Sporting Costs?

• Entertainment?

WHICH EXPENSES ARE FIXED AND WHICH ARE VARIABLE?

HOW MUCH CAN YOU SAVE EACH WEEK?

• Must take into account your income and expenses.

• Be Realistic

HOW LONG WILL IT TAKE TO SAVE FOR YOUR CHOSEN

ITEM?

WILL YOU NEED TO ADJUST YOUR SPENDING TO IMPROVE

YOUR SAVING?