Money and Consumer Choice Money Matters Key Stage 3 Money and Consumer Choice

Money emotions… Frustrated… Happy… Envious… Sad… Angry… Scared… Ref 1: Intro – reflecting on emotions discussed in groups. On each click an image will appear followed by the corresponding emotion. Angry… Scared…

If I found money, what could I do? Hand it in… Keep it… Return it to owner… REF 1.A – On each click the different options appear. Drop it or leave it…

If I had £50 ,what could/would I do with it? To take a risk with money by betting on an uncertain outcome as in a contest, game or race in the hope of gaining more money than the bet placed. Gamble it… Invest it… To use your money in order to gain a financial return, you may earn higher interest returns but you also risk losing the money you originally invest – you could win or lose! Spend it… REF 1A Use money to purchase goods or services that you need or want to buy gifts for others.

Give it away… To make a present of money to others either individuals known by you or to a charity to help a specific cause or the wider community. Save it… To put money away in a special type of account where it will be safe and earn interest and make your money grow.

Give or Spend - The power of our £! “Does what we chose to do with our money make a difference to other people?” Think about: Where do the goods we buy come from? Where are they manufactured, grown or produced? Why are wages so low in some parts of the world? The impact of Fair Trade and business responsibility Refusing or avoiding to buy some products/brands because of where or how they are manufactured What can I do about it? What else could I do with money that might have an impact on others?

How much does a T-shirt cost? Transport = £ Workers wages = £ Design= £ Equipment = £ Printing = £ Marketing = £ Raw materials = £ Premises = £

Today we have learnt… To understand some aspects of ethical consumerism To demonstrate ways in which you can support global communities through the choices they make To appreciate that your own spending and saving choices may make a difference to other people