How do you feel about rising prices in your daily life?

2

Have you noticed any changes in your spending habits due to inflation?

3

What strategies do you use to manage your budget when prices increase?

2

What are some ways you save money for future needs?

3

Have you ever borrowed money? What was it for?

4

Do you think it's better to save money or spend it? Why?

5

How do interest rates affect your financial decisions?

How does supply and demand affect football players' salaries?

2

Why are talents like Messi considered rare in the world of football?

3

What factors contribute to clubs offering high wages to top players?

4

How do lower leagues compare to the Premier League in terms of player salaries?

5

Why have footballers' wages increased over the years according to the film?

1. Overspending on Wants vs. Needs

Why is it hard for some people to stick to spending only on what they need instead of things they want?

2. Not Tracking Expenses

How can not tracking every small expense lead to going over budget? Why is it important to know exactly where your money is going?

3. Underestimating Monthly Expenses

Why might some people forget to budget for certain fixed (like rent) and variable (like groceries) expenses? How can this lead to debt?

4. Unexpected Expenses

What can happen if you don’t set aside some money in an emergency fund for surprise costs, like car repairs?

5. Impulse Buying

How can buying things on impulse, or without planning, hurt your budget? What are some ways to avoid impulse buys?

Answer each of the questions with your partner and comment on this section.

How do you feel about rising prices in your daily life?

2

Have you noticed any changes in your spending habits due to inflation?

3

What strategies do you use to manage your budget when prices increase?

4

Do you think inflation affects everyone equally? Why or why not?

5

How important is it for you to understand economic concepts like inflation

1. How can money problems affect mental health, and why might people feel stressed or anxious about finances?

Explain why managing money can be challenging for mental well-being. How might financial worries cause stress, and why do emotions like shame or guilt sometimes arise with money problems?

2. What is the National Debtline, and how can it help people with money and mental health issues?

Research the role of the National Debtline. How does it support people in managing debt, and what kind of advice or resources might it offer to help ease mental stress related to money?

3. Why can creating a budget help improve mental health?

Think about why making a budget could reduce stress or worry about money. How might planning spending and knowing exactly what you can afford help you feel more in control?

4. What is debt, and why do people sometimes end up in debt even if they didn’t plan to?

Describe what debt means. Can you think of some common reasons why people might borrow more than they can afford to pay back? How can unexpected events or financial habits lead to debt?

5. Why does money trigger emotions, and how might understanding this help someone manage their finances better?

Why do people often feel strong emotions, like pride, fear, or shame, about money? How could recognizing these feelings help someone make better financial decisions?

CLICK FIELDS BELOW TO ANSWER

1. What is PAYE and why is it used?

2. What information can you find on a payslip, and why is it important to understand it?

Look at a sample payslip and explain what each part shows, such as gross pay, net pay, and deductions (like income tax and National Insurance). Why should you check your payslip each month?

3. Who pays income tax in the UK, and what is it used for?

Why do most people in the UK pay income tax, and what kinds of public services does it fund? Why do people sometimes complain about paying taxes even though they support important services?

4. At what income level do you start paying 20% tax in the UK?

Research the current income threshold for paying 20% tax in the UK. How does this affect people who earn different amounts, and why do some people pay more or less tax than others?

5. When does the tax year begin and end in the UK, and why is this date important?

What is the starting date of the UK tax year, and why do people and businesses need to know this?

Go to resources teachers and find the Escape room under resources 16 - 18 years.

Time is Money: Escape Room | MoneySense

Everyone try this task for your tutorial session.

https://forms.office.com/e/937BiJtVpD

ANSWERS are not presented.

Video link

T/F

select appropriate paragraph

discussion questions.

put into alphabetical order. E2

save

spend

earn

invest

borrow

lend

buy

sell

pay

budget

calculate

check

manage

cost

value

CREATE SENTENCES USING THE VOCABULARY ABOVE

EXTRA IDEAS FOR ESOL LEARNERS WITH THIS TOPIC

Definitions:

a. to take money from someone with the agreement that you will return it later.

b. to give money to someone with the expectation that they will pay it back.

c. to organise and control resources or tasks effectively.

d. the importance or worth of something, often measured in terms of money.

e. to receive money in exchange for work or services provided.

f. a plan that shows how much money you have and how you intend to spend it.

g. the amount of money needed to purchase something.

h. to look at something carefully to ensure it is correct or satisfactory.

i. to give money for goods or services received.

j. to acquire something by paying money for it.

k. to keep money instead of using it, so you can use it later.

l. to determine a number or amount by using mathematics.

m. to put money into something with the hope of making a profit in the future.

n. to use money to buy things or pay for services.

o. to offer something to others in exchange for money.

Words:

1. borrow

2. spend

3. buy

4. value

5. sell

6. check

7. calculate

8. budget

9. earn

10. lend

11. manage

12. invest

13. save

14. cost

15. pay

Correct matches:

1. a

2. n

3. j

4. d

5. o

6. h

7. l

8. f

9. e

10. b

11. c

12. m

13. k

14. g

15. i

PRODUCTIVE TASK

1. Write a dialogue between two friends discussing how they manage their budgets. Include how they save money, what they spend on, and how they calculate their expenses.

2 Create a short story about a character who decides to invest in a new business. Describe their journey of earning money, borrowing funds, and the challenges they face while trying to sell their product.