2. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Financial Capability Support Programme Helen Cormack Scotland’s Colleges

3. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Financial Capability Support Programme ₤Centre for British Teachers (CfBT) Consortium ₤UK wide ₤November 2009 - March 2011

4. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Learning and Skills and Improvement Service Centre for British Teachers Scotland’s Colleges Wales NSAFS National Training Forum Wales Educational Guidance Service for Adults (NI)

5. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Project Aims: Encourage learners to: ₤Manage money ₤Keep track of finances ₤Plan ahead ₤Make informed decisions about financial products ₤Stay up-to-date about financial matters

6. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Programme Covers: ₤Adult and Community Learning ₤FE sector ₤Work based learners ₤Voluntary Organisations ₤Offender Learning

7. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Financial Capability Support Programme ₤Learner Facing Website ₤Link to resources ₤Opportunities to upskill staff and volunteers ₤Opportunities to develop financial capability with learners

8. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Activities How many songs do you know with money related words in the title?

9. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Basket of Groceries Quiz

10. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges The Basket BrandValue 1 Packet of Teabags£2.08 28p 1 Tin of Baked Beans 64p 29p 1 Bottle of Ketchup£1.79 87p 1 Packet of Cup-a-Soup 49p 17p 1 Packet of Spaghetti 99p 39p 1 Tube of Toothpaste£2.00 55p TOTAL£7.99£2.55

11. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Cooking on a Budget ₤Learners have to create a two course meal with £3 budget ₤Winners are those who worked well together to produce something that was tasty (ideally cooked as well)

12. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Banking ‘It is easier for a large bank to expand and then destroy its balance sheet than for an individual to open a bank account …’ Mervyn King, Governor Bank of England Finance – a return from risk 17.03.09

13. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Spot the difference?

14. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Beko bek555 On-line cost: £248.69 Beko bek555 BrightHouse cost: £856.44 Includes insurance etc Difference = £607.75

15. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Money, Money, Money... Think of as many different types of credit people access daily

16. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Borrowing and Credit... Utility – gas and electricity, contract – phone and media bundles, statutory - council tax 3 rd sector and not for profit – credit unions and CDFIs, social fund Mainstream – banks, building societies, credit and store cards High cost credit - Internet, Pay-day loans, Home credit, Pawn- brokers, Loan sharks

17. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Credit Cards If you had a credit card with a balance of £3000 and an interest rate of 17.9% how long would it take you to repay if you only paid the minimum repayment (2%) every month?

18. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Far Too Long … 40 years 30 years 20 years 10 years

19. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges UK personal debt UK personal debt = £1,459 billion – Jan 2008 – personal debt increased by £1m every 5.3 minutes –May 2009 – personal debt increased by £1m every 77 minutes Every 10 minutes a property is repossessed Every 5 minutes someone is declared bankrupt or insolvent

20. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges ‘ … there’s just too much month left at the end of the money’

21. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Find the Best Value Using IT, find best value for a range of items/services: –Mobile phone –Car insurance –Utilities –Glasses

22. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Budgeting Tools CD Rom Paper based tools Interactive tools: http://www.shoparound.org.uk http://www.mysavingsquest.com Financial Leaning Online: http://money.aloscotland.com

23. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges The Besmartwithmoney website For learners and potential learners who want to learn about how to be more effective with personal finance Easy to use, with sections that cover everyday challenges that learners face A gateway to existing web materials, advice and support that at the moment can be difficult to find and make sense of from just a search engine All content and links will have been reviewed to ensure the best possible ease of use

24. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges What happens now? In your groups, think of at least one occasion that you could try some of these activities with

25. Scotland’s Colleges is a trading name of both the Scottish Further Education Unit and the Association of Scotland’s Colleges Helen Cormack helen.cormack@scotlandscolleges.ac.uk 01786 892064 Contact details: