1. How to manage money – Key Stage 2
You’ve spent how much?
How to manage money – Key Stage 2

2. Meet the family
Maya and Rohan live with their parents on a small island, but are about to move to the UK mainland.
The island is expensive and their parents have not always managed their money well so feel the need to move.
Maya and Rohan have four cousins; Henrik, Alice, Max and Izzy, who they often chat to online.
The cousins give advice to Maya and Rohan, but it can often be very different.
Take a look at the profiles and messages from Maya and Rohan and
their cousins and see if you can come to any conclusions about the
differences between their lives. Keep in mind the topic of this session is
personal finance and write your ideas onto the sheets provided.

7. A family budget Income Expenses Salary £2,800.00 Mortgage or rent
£800.00
Child benefit
£135.00
Council Tax
£200.00
Interest on savings
£30.00
Utility bills (gas, electricity, water)
Savings
£120.00
Phone and Internet bill
£80.00
Travel
£300.00
Clothing
£100.00
Food
£400.00
Other household items
Pocket Money
£50.00
TOTAL INCOME
£2,695.00
TOTAL EXPENSES
£2,320.00
Balance
£385

8. Rohan’s calendar and budget for April
Sun
Mon
Tue
Wed
Thu
Fri
Sat
April 1
Pocket money paid 2 3 4 5 6 7 8
Cinema 9 10 11 12
Clean Gran’s car 13 14 15 16 17 18 19
Shop for Dad’s birthday present 20 21 22 23
Dad’s birthday 24 25 26
Mobile top-up 27 28 29 30
Income
Expenses
Pocket money
£30.00
Savings
£2.00
Cleaning Gran’s car
£2.50
Sweets
£5.50
Interest on savings
Cinema
£6.85
Dad’s birthday present
£7.99
Mobile top-up
£5.00
TOTAL INCOME
£34.50
TOTAL EXPENSES
£27.34
Balance
£7.16

9. Complete Rohan’s budget for May