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 £ 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 fashion You 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

£300 £250 £200 £150 £100