Creating a work budget challenge

This lesson contains content from a lesson previously titled Finances and the world of work, you can find out about the updates here.

This lesson features in the financial education scheme of learning for 16-19 year olds. A ready-made sequence of curriculum linked resources to help you build progression in your learners' knowledge over time. Visit the Scheme of learning homepage to support with your planning.

The Creating a work budget challenge lesson focuses on understanding a range of financial terminology, before moving on to an activity based on a real work scenario, where students will project manage a training event, working within a set budget.

Resources

• Creating a work budget challenge: Lesson plan - for use with a group of students in the classroom.
• Creating a work budget challenge: Presentation slides - to display to students and use alongside the lesson plan.

Lesson learning outcomes

By the end of the lesson students will be able to:

• Understand a range of financial terminology.
• Identify ways of managing a budget for a project at work.

They also develop students’ core transferable skills such as problem solving and communication. 

These resources align to the Young Money Financial Education Planning Framework and have been awarded the Young Money Quality Mark.

Why not include financial capability as a focus in your students’ wider curriculum? Refer to our Content guide to find out how LifeSkills resources can be used in PSHE or Maths lessons.

If you want to increase your own confidence to teach young people about money, Young Money provide free e-learning training to teachers across Primary and Secondary education. In addition, National Numeracy has a free website which helps you practise and refresh your everyday maths skills.