1. Hands up if.......you have ever had a row with a parent or guardian about how much money you spend

2. We are learning today about wants and necessities All pupils will be able to understand the differences between wants and needs and give examples Most pupils will be able to plan a budget that balances income and spending Some pupils will be able to evaluate how others budget and spend money and critique their choices

3. Wants and Needs What are the obvious things that we really “need” How do these alter from things we just “want”?

4. Starter In pairs, sort the cards into things someone your age may “want” and things they may “need” If you’ve done that, try to order the cards by importance, i.e. put the most important one at the top and least important at the bottom

5. Meet Kerry! Kerry is 12 years old She lives with her older brother and her Mum Kerry loves swimming and dreams about either being a competitive swimmer or a lifeguard when she’s older

6. Kerry’s has a few very good friends who she loves to hang out with, text, phone and go on MSN with

7. Kerry’s and her friends are all crazy about anything to do with High School Musical

8. Kerry usually gets on with her mum ok but recently the households bills have gone up and they have started arguing because Kerry’s mum thinks that Kerry wastes money

9. Kerry shouted “You just don’t care about me!” Her mum tried to explain that she only has about £50 per month to spend on Kerry Kerry said “Mum, I’m a responsible person now. I could do a much better job with £50!”

10. Next morning, Kerry’s mum went to work at 7.30am and left Kerry a note In a minute you are going to open the envelope addressed to Kerry and try to figure out what you are going to do on your main sheet Remember you will need to explain the choices you have made on Kerry’s behalf

11. Sale on! Whilst making her list over breakfast a “flyer” for a local discount shop comes through the door As Kerry reads it she realises she could save money on some of the items on her list so she decides to draw up a new list

12. How did we do? Have a look at the “Marking criteria” for today’s lesson Tick the points (1-6) that you think your team has covered (5-6 = A, 4 = B, 2-3 = C, 0-1 = D) In the “Effort” row give yourself an effort score (1 = outstanding, 2 = good, 3 = average) Set yourself a target: What could you have done better this lesson? Listened more to others? Get involved more in group discussion? Presentation?

13. How did everyone else do? Swap papers with another team, read through their work then score them in the same way Also think of something positive to say about their work and consider a way in which it could be improved Swap back and explain these to the other team

14. Have we covered our objectives? Get ready to answer how you have done the following: 1.I have shown that I understand the differences between wants and needs 2.I have been able to plan a budget that balances income and spending 3.I have been able to critique other peoples spending choices and given advice to them

15. Presentation by Z. Terry