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  RIGHTS AND RESPONSIBILITIES - YEAR 10 AND 11
Personal Finance		  
     
 


Information about this unit
Learning Objectives Possible Teaching Activity Learning Outcomes

Pupils should have a basic understanding of:

  • the importance of keeping track of their finances by budgeting.

  • the concept of credit and how much a credit option will actually cost to repay.

  • the different types of credit available and the advantages and disadvantages of each.

  • the rights & responsibilities that the Consumer Credit Act gives to consumers.

Link Marker Begin the lesson by talking about money. Explain the importance of understanding the range of personal expenditure and how it may be managed by budgeting.

Link MarkerExplain the concept of credit to the students and show the students how they can work out how much credit options with actually cost them.

Link MarkerDiscuss the different types of credit options available and look at the advantages and disadvantages of each.

Link MarkerConsider the Consumer Credit Act with the students and look at the rights and responsibilities that the Act gives them.

Students will be able to recognise the importance of budgeting and will be able to work out the true cost of different credit options.

Students will also understand the advantages/disadvantages of different credit options and the protection that is available under the Consumer Credit Act.
     
NB - This framework links to the Personal Finance Education Group's Framework which has been written in conjunction with the DfES guidance on Financial Capability through Personal Financial Education.