Time: 1 hour

Resources:

• TV and video player
• Programme recording
• Task Sheet 4

1. Explain the objectives of the lesson (see learning outcome 1).
2. Watch a recording of Programme 3.
3. Give each student Task Sheet 4 and ask him or her to complete it for one family member, others if there is time.
4. Organise the class into groups containing all the Scotts, Emmas, Katies, etc.
5. Ask the groups to elect a spokesperson.
6. Set up group discussion to compare students’ views of each character.
7. Take feedback from the groups, inviting the spokesperson first to explain the group’s views, then ask for supplementary views from other students.

2. Discussion topics

Not all of those arising from the series are about financial matters.

• Part-time jobs while at school/college – what are the pros and cons for working while studying?
• Gender and money – are women/girls better at managing money then men/boys? Is it in their genes or in their upbringing?
• Savings: for the short/medium/long term – risks worth taking to increase returns on them.
• Grandparents’ responsibilities to their family – can they be a help or a hindrance?
• Giving to charity – is it necessary, and which charities would you support/not support?
• Credit cards: ‘plastic doesn’t feel like real money’ – what are the pros, cons and dangers?
• Lying, and keeping secrets from family members – might it ever be a good idea?

Research assignments

In addition to developing the money issues covered in programmes 1 and 2, programme 3 covers student finance and credit and debit in more detail. It also deals with the refusal of credit.

Background information on all of these issues can be found on the FSA website and others listed in the Links section of these notes.

There are many examples of learning activities related to these topics on several websites, particularly:

www.pfeg.org/Resources/Detail/default.asp?ResourceID=233
www.natwestf2f.com
www.consumereducation.org.uk/indexeng.htm

In addition, all the high street banks and building societies have websites from which information about saving and borrowing can be downloaded.

Research Activity

The research activities provided for programmes 1 and 2 are also appropriate for programme 3.

Buying a car

Students work in small groups to decide which car they want to buy and how they are going to pay for it.

Provide brochures from car salesrooms, leaflets from banks, newspaper adverts plus access to or downloaded information from relevant websites, notably:

http://www.oft.gov.uk
www.consumereducation.org.uk/indexeng.htm

If appropriate allow access to some of the websites devoted to buying cars, eg http://www.4car.co.uk, and insurance.

http://www.pfeg.org.uk