1. Confessions of a Shopaholic
Show students the trailer to the film ‘Confessions of a Shopaholic’ – ask them what her attitude to money is like. Based on the trailer, what might we be discussing this lesson?

2. Budgeting Learning Objective: To explore how to manage your money.
I can reflect on my money personality.
I can create a budget based on income and expenditure.
I can evaluate what I should spend and what I should save.

3. Money Personality Quiz
Ask students to write the numbers 1-10 in the margin of their book. They will need to write down either A, B or C to each question.

4. Money Personality Quiz

5. Money Personality Quiz

6. Money Personality Quiz Score
Add up your total score!

7. Money Personality Quiz Score
Ask students why they think they got their score. E.g. what healthy money habits do they think they have? What unhealthy money habits do they need to change?
Link back to the trailer from the beginning of the lesson – what do you think she would have scored on the quiz?
What do you think Bex would have scored on this money personality quiz?

8. Money Personality Quiz Score
Before students move onto the budgeting exercise they need to recognise what makes healthy and unhealthy money habits.

9. Budgeting Learning Objective: To explore how to manage your money.
I can reflect on my money personality.
I can create a budget based on income and expenditure.
I can evaluate what I should spend and what I should save.

10. Budgeting
It is important to create a personal budget for yourself so you can stay in control of your money and plan how you will spend or save.
A budget identifies all of the ways money flows into and out of someone’s life over a period or time. Budgets will therefore change over time as people’s circumstances change.
A budget should:
Be comprehensive – it should include every way you receive or spend money
Be honest – include everything
Be accurate - don’t forget anything
Be stored somewhere private – create columns in a notebook or a spreadsheet but make sure they are not accessible to anyone else
Be used – you need to keep returning to your budget to check you are on track

11. Budgeting
Read the information about Chris and Jo’s income and expenditure.
Use the table provided to complete a budget for them.
Students can complete this in pairs. You may wish to complete the first table together as a class.

12. Can you make any suggestions as to what Jo and Chris should change?
Budgeting
Chris Jo
Go through the answers and discuss the three questions as a class.
What tips do you have for Jo to help her achieve her goal of saving for a smart phone?
Can you make any suggestions as to what Jo and Chris should change?
Are there any items of spending you think have been missed out from the descriptions?

13. Create your own budget
As you’ve seen a budget helps you work out if you are spending more than you earn and plan for how you are going to spend or save your money.
Create your own budget:
Choose a period of time your budget needs to cover, e.g. a week or a month
List all of the ways you earn or gain money and how much this it is. Don’t include gifts such as birthday money as you don’t get this all the time. Add these up to get a total income.
List all of the ways you spend money, e.g. transport, phone, going out, clothes. Add these up to get a total expenditure.
Some students may feel uncomfortable completing a budget if families struggle with money. If this is the case ask them to work with imaginary numbers, e.g. income is £15 a month pocket money and £40 from a paper round.

14. Your budget Does one side add up to more than the other?
Do both sides add up to the same amount?
Does anything need to change in your spending habits?
What will you do with any leftover money?
Class discussion around these questions – lead into the idea of saving.

15. Budgeting Learning Objective: To explore how to manage your money.
I can reflect on my money personality.
I can create a budget based on income and expenditure.
I can evaluate what I should spend and what I should save.

16. Michelle McGagh spent nothing for 1 year and saved £22,000.
Spend or Save?
Michelle McGagh spent nothing for 1 year and saved £22,000.
Michlle McGagh heard about ‘Buy Nothing Day’ which takes place on Black Friday – a day where millions are spent on consumer items.
She then challenged herself to a ‘Buy Nothing Year’ to see if she could reset her relationship with money as she struggled sticking to her budget plans.
The article is fairly lengthy so you might want to read it together as a class then give students time to discuss the questions at the bottom.
Read the article about her year of spending nothing!

17. Budgeting Learning Objective: To explore how to manage your money.
I can reflect on my money personality.
I can create a budget based on income and expenditure.
I can evaluate what I should spend and what I should save.