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KS3 / KS4 PSHE & Citizenship: Financial Literacy Classroom Challenges: Sticking to a budget challenge with Liam MacDevitt

The challenge

Video summary

Former professional footballer Liam MacDevitt explains how budgeting is an essential skill that can help you plan and manage your expenses effectively, including when it comes to leisure activities such as attending a football match.

If you're planning to go to a football match with friends it's important to set a budget beforehand to ensure that you don't overspend and put yourself in financial trouble.

This could involve looking up the ticket prices, transportation costs, and other related expenses such as food and drinks. You may also want to consider alternative ways of reducing costs, such as public transport or bringing your own snacks.

By creating a budget and sticking to it, you can enjoy the game without worrying about the financial consequences.

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Challenge round-up

Liam MacDevitt summarises the key considerations for the challenge.

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Teacher notes

Watch the video and then split the class into pairs or groups to work on the task set in Part 1 of the film. After the activity time has passed re-group and watch Part 2 of the video to see how Liam would have gone about things.

Choose from a selection of activities to help students learn more about budgeting for a day out.

Before watching

Questions to get the class thinking and talking:

  • What are the benefits of researching prices before leaving the house?
  • What should you consider before going to a match?
  • Which is better on your budget, taxis or public transport?

Using the film

You may wish to play the films twice: once straight through and once with pauses, to take students' comments and questions. Encourage the students to make notes as they watch.

After watching

  • Ask students to discuss times they have had to work to a budget 鈥 what is challenging about it and how did they make decisions? What advice would they give someone else on sticking to a budget?

Activity ideas

  • Ask students to work in small groups to create their own budgeting task with which to challenge another group in the class. They should think of an event they have attended in the past and the costs incurred and lay out the options like in the football match task.
  • Now ask students to think about budgeting for everyday life. Give students a monthly income amount and present the options for renting properties, bills, taxes and other expenses such as owning a car or pet, food shopping and subscriptions and ask them to consider how they would manage budgeting to live when they are working full time.

Alternatives 鈥 Research the biggest fees paid for sports stars around the world in various sports. Such as football, basketball, American Football and baseball. Students could debate whether or not such salaries are appropriate for a job of this kind in comparison to jobs such as doctors and teachers etc.

Supported learning and SEN

Present students with typical amounts for items within a weekly food shop and a budget for which they much purchase all their meals for a week, Ask them to create a shopping list and to discuss what hard choices they had to make to stay within budget.

Follow-up task

Ask the class to research online the average salary of a worker in the UK. They could research the minimum wage and the living wage and discuss how these salaries impact quality of life linked to budgeting. They could research the average salaries of the careers they are considering to see how they compare.

This short film meets and extends curriculum requirements for financial literacy at:

  • Key Stage 3 and Key Stage 4 in England (Citizenship and Personal, Social, Health and Economic Education)
  • Wales (Mathematical Development and Personal and Social Education)
  • Northern Ireland (Mathematics and Numeracy and Learning For Life and Work)
  • Third and Fourth Level and the Senior Phase in Scotland (Mathematics and Numeracy, Social Studies and Learning, Life and Work).
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Where next?

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Financial literacy with Steph McGovern
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