Finance World

The 'Finance World' programme has been designed to engage students with the exciting theme of spies and missions.

The 'Finance World' programme has been designed to engage students with the exciting theme of spies and missions.

The visually stimulating interactive games engage students in fun tests of skill whilst allowing them to gradually build financial understanding - without feeling as though they are actively being 'taught'. The games are supported by 'dossiers' (fact sheets) with information about all aspects of personal finance in straightforward, age-appropriate language; together with a glossary explaining financial terms, and case studies that show how the information is relevant to real life.

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Games

Finance World Interactive game

16+yrs Students

An exciting game based on the theme of spies and missions.

Teachers' and Parents' notes

The interactive activities

16+yrs Teachers, Parents

Extending their learning

16+yrs Teachers

Teachers Guide

16+yrs Teachers

Overview

4 - 7yrs, 7 - 11yrs, 11 - 14yrs, 14 - 16yrs, 16+yrs Parents

Tips to help at home

16+yrs Parents

Know the facts

16+yrs Parents

More detailed information about a wide variety of personal finance themes can be found in the 'dossiers'. You could also look at the fact sheets in the 'Savings and Lifeskills' programme for ages 12-14 and 14-16. Below are some simple ways to help explain about banking and finances to your son or daughter.

Word banks/Glossaries

Glossary - 16+

16+yrs Students

Glossary - 16+

Dossiers

Budgeting - Financial Planning

16+yrs Students, Teachers, Parents

Why budgeting is important and how to do it; checking and balancing your budget.

Budgeting - Staying Out of Debt

16+yrs Students, Teachers, Parents

Recognising debt and dealing with it; budgeting for debt by reducing spending or increasing income; tips and getting advice.

Budgeting - Government Budgets and the Economy

16+yrs Students, Teachers, Parents

How national and local government is funded; types of tax (e.g. Income Tax, Council Tax, VAT); how the economy works.

Budgeting Case Study - Young School Leaver

16+yrs Students, Teachers, Parents

Some of the different income and expenditure considerations of this individual including different career options to increase income, costs of buying and maintaining a car and mobile phone contracts vs. prepaid.

Budgeting Case Study - Single Unemployed Parent

16+yrs Students, Teachers, Parents

Some of the different income and expenditure considerations of this individual including maternity pay, child benefits and child-related expenses.

Budgeting Case Study - University Student

16+yrs Students, Teachers, Parents

Some of the different income and expenditure considerations of this individual including applying for a student loan, student accomodation and discounts.

Careers - Types of Employment

16+yrs Students, Teachers, Parents

Full- and part-time work; self-employment; apprenticeships; voluntary/unpaid; unemployment.

Careers - CVs

16+yrs Students, Teachers, Parents

What to include; how they're used by employers; covering letters.

Careers - Wages and Salaries

16+yrs Students, Teachers, Parents

What affects your earning; wages versus salaries; minimum wage; pay deductions (Income Tax, National Insurance Contributions, company pension).

Currency - Forms of Money and Payment

16+yrs Students, Teachers, Parents

Different ways to pay (e.g. cheque, credit/debit cards, direct debit, travel cards, vouchers).

Currency - Foreign Currency and Exchange

16+yrs Students, Teachers, Parents

World currencies; exchange rates; ways to exchange money.

Documents and Income - Record Keeping

16+yrs Students, Teachers, Parents

Why record keeping is important; filing or destroying documents; examples of financial documents (e.g. account statements, bills, insurance documents).

Documents and Income - Bills

16+yrs Students, Teachers, Parents

Types of bills (e.g. credit card, utility, telephone); receiving and paying them.

Documents and Income - Sources of Money

16+yrs Students, Teachers, Parents

Different forms of income (e.g. wages/salary, borrowing, selling, interest, benefits, pensions, student finance).

Risk - Fraud and Scams

16+yrs Students, Teachers, Parents

Fraud/scams relating to identity, the internet, credit/debit cards, cheques, cashpoints, mobile phones, and how to protect yourself.

Risk - Manageable Debt

16+yrs Students, Teachers, Parents

Manageable versus unmanageable debt; choosing lenders; interest rates; credit rating; getting advice.

Risk - Insurance

16+yrs Students, Teachers, Parents

Types of insurance (e.g. health, home, motor, travel) and tips.

Risk - Gambling

16+yrs Students, Teachers, Parents

Types of gambling; addiction and advice.

Saving and Investing - Starting a Business

16+yrs Students, Teachers, Parents

Knowledge/skills needed; researching the product; creating a business plan and forecast; business finances.

Saving and Investing - Ways to Save and Invest

16+yrs Students, Teachers, Parents

Different types of financial institutions (e.g. building societies, banks, credit unions); types of savings account and interest; types of investment and tips.

Saving and Investing - Account Services

16+yrs Students, Teachers, Parents

Different services available (e.g. cheques, standing orders, direct debit, interest, overdrafts); types of account and how to set one up.

Currency Case Study - Risk Case Study

16+yrs Students, Teachers

An individuals experience of using their debit card abroad and a second individual obtaining their first credit card and how they used it. 

Documents and Income Case Study - Budgeting Case Study

16+yrs Students, Teachers

Some of the different income and expediture considerations of two individuals. One looks at buying a car and taking out insurance the second individual considers the cost of rent and various bills when starting university.

Saving and Investing Case Study - Careers Case Study

16+yrs Students, Teachers

One individual looks at savings accounts and considers the different interest rates that goes with them. The second looks at an individuals path towards becoming a teacher for children with special needs.

Case studies

Budgeting

16+yrs Students

“ The freedom of moving away from home was great, but it does cost more than you think! “

Documents and Income

16+yrs Students

“ Asking around helped me to get the best deal on insurance for my new car “

Careers

16+yrs Students

“ Volunteering was the best career decision I ever made. “

Risk

16+yrs Students

“ Not calling my bank nearly ruined my romantic weekend! “

Currency

16+yrs Students

“ Exceeding my credit limit took away my 0% interest offer! “

Saving and Investing

16+yrs Students

“ It’s amazing how much a high interest rate can help your savings grow! “