Teachers
Teachers overview
4-7 Counting on Money
7-11 The Cost of Money
- Interactive activities
- Fact and Work sheets
- Welsh Work sheets
- Extension activities
- Practical activities
- Curriculum links
12-14 Savings & Lifeskills 1
14-16 Savings & Lifeskills 2
- Interactive activities
- Fact and Work sheets
- Welsh Work sheets
- Extension activities
- Practical activities
- Curriculum links
16-18+ Finance World
- Interactive activities
- Fact dossiers
- Extending their learning
- Curriculum links

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Finance Skills
Personal Finance (Financial Capability)

Curriculum links

This resource was designed to teach young adults about finance, through six financial themes: Budgeting, Careers, Currency, Documents and Income, Risk, and Saving and Investing. The table below outlines how the resources can be used to meet the objectives set out in the Adult Financial Capability Framework, and which components best link to each objective.

Finance World also links well to other 16+ curricula, scroll down or click here for more information.

Links to the Adult Financial Capability Framework (FSA and BSA, 2006)

Different types of money/payments (a)
Objective (at Extending level)	Related 'Finance World' resources
1. Understand the implications of different forms of credit and debt including credit cards, store cards and catalogue shopping	Game stimulus - Double Agent Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: University Student Budgeting - Staying out of Debt Currency - Forms of Money and Payment Documents and Income - Record Keeping Documents and Income - Sources of Money Risk - Manageable Debt Saving and Investing - Ways to Save and Invest Case studies Teachers'/Professionals' and Parents' sections
2. Understand that exchange rates fluctuate and that commission may be charged to change currency	Game stimulus - Freefall Dossiers: Budgeting - Staying out of Debt Currency - Foreign Currency and Exchange Saving and Investing: Starting a Business Teachers'/Professionals' and Parents' sections
3. Increased understanding of implications of credit and debt including overdrafts and different loan arrangements and ways to compare interest rates	Game stimulus - Word Hunter Dossiers: Budgeting - Case Study: University Student Currency - Forms of Money and Payment Documents and Income - Record Keeping Documents and Income - Sources of Money Risk - Manageable Debt Saving and Investing - Ways to Save and Invest Case studies Teachers'/Professionals' and Parents' sections
Income generation (b)
1. Understand the need for money in retirement - pension - and how this could be paid for	Game stimulus - Double Agent Dossiers: Careers - Wages and Salaries Documents and Income - Sources of Money Parents' section
2. Begin to understand how companies and other organisations are financed including shares	Game stimulus - Spot the Agent Dossiers: Documents and Income - Sources of Money Risk - Manageable Debt Teachers'/Professionals' section
3. Understand how deductions such as tax, National Insurance and pension contributions are made	Game stimulus - Spot the Agent Dossiers: Budgeting - Government Budgets and the Economy Careers - Wages and Salaries Parents' section
Income disposal (c)
1. Understanding of the range of personal expenditure and how it may be managed	Game stimuli - Clued Up and Spy Snaps Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Budgeting - Financial Planning Case studies Teachers'/Professionals' and Parents' sections
2. Understand local and national taxation and spending and a basic understanding of how and why Government is financed	Game stimulus - Double Agent Dossier: Budgeting - Government Budgets and the Economy Parents' section
Gathering financial information and record keeping (d)
1. Understanding of personal financial statements including bank statements, credit card statements, TV Licence payment arrangements, utility and other bills	Game stimulus - Double Agent Dossiers: Documents and Income - Bills Documents and Income - Record Keeping Teachers'/Professionals' and Parents' sections
2. Able to reconcile a bank statement to allow for items not yet presented	Game stimulus - Double Agent
3. Understand credit card statements and other loan/credit financing documents	Game stimulus - Double Agent Dossiers: Documents and Income - Bills Documents and Income - Record Keeping Teachers'/Professionals' and Parents' sections
4. Able to gather, compare and contrast information on financial services to inform a decision	Game stimulus - Word Hunter Dossiers: Budgeting - Case Study: University Student Documents and Income - Sources of Money Risk - Insurance Saving and Investing - Account Services Teachers'/Professionals' section
Financial planning - saving, spending, budgeting (e)
1. Understand ways in which to plan, monitor and control personal income and expenditure	Game stimuli - Clued Up and Spy Snaps Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Budgeting - Financial Planning Case studies Teachers'/Professionals' and Parents' sections
2. Fully understand the difference between short, medium and long term financial commitments and how the planning and decision making for these differ	Game stimulus - Double Agent Dossier: Budgeting - Case Study: Young School Leaver Case studies Teachers'/Professionals' section
3. Able to obtain information and analyse it to decide on an appropriate service taking care to evaluate and monitor the situation on an ongoing basis	Game stimulus - Double Agent Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student
4. Begin to understand local government finances (council tax) and the national budget	Game stimulus - Clued Up Dossier: Budgeting - Government Budgets and the Economy Teachers'/Professionals' and Parents' sections
Risk and return (f)
1. Understand the principles of probability and insurance in complex situations, identifying potential risks and how to protect against them	Game stimuli - Codebreaker and Double Agent Dossiers: Risk - Insurance Risk - Gambling Case studies Teachers'/Professionals' section
2. Understand that both saving and borrowing are offered on differing terms and interest rates vary over time	Game stimuli - Double Agent and Word Hunter Dossier: Documents and Income - Sources of Money
3. Understand that some loans and purchase agreements are secured whilst others are unsecured	Game stimulus - Codebreaker Dossier: Documents and Income - Sources of Money
4. Understand the difference in risk and return between saving and investment products	Game stimulus - Word Hunter Dossier: Saving and Investing - Ways to Save and Invest
5. Understand the need to monitor and evaluate financial services to assess performance and relevance over time	Game stimulus - Word Hunter Case studies
Personal choices and the financial implications (g)
1. Understand the difference between short, medium and long term needs and make appropriate decisions	Game stimuli - Double Agent and Spot the Agent Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Case studies Teachers'/Professionals' section
2. Understand the difference between manageable, planned debt and unmanageable, unplanned debt including dealing with debt in a crisis	Game stimuli - Codebreaker and Clued Up Dossiers: Budgeting - Staying out of Debt Risk - Manageable Debt Saving and Investing - Ways to Save and Invest
3. Able to assess best buy in a variety of financial circumstances	Game stimulus - Double Agent Case studies Teachers'/Professionals' and Parents' sections
4. Knowledge and understanding of a range of generic financial products in the short, medium and long term. Ability to identify personal requirements, obtain information/advice, analyse and decide	Game stimulus - Double Agent Dossiers: Currency - Forms of Money and Payment Documents and Income - Sources of Money Risk - Insurance Saving and Investing - Account Services Saving and Investing - Starting a Business Case studies Teachers'/Professionals' and Parents' sections
5. Ability to analyse consumer information and understand the difference between this and advertising/marketing information	Game stimulus - Codebreaker Dossier: Risk - Fraud and Scams Teachers'/Professionals' and Parents' sections
6. Ability to make informed choices based on personal financial information gathering on resources available, outgoings (both needs and wants) and what is left, if any	Game stimuli - Double Agent, Clued Up and Spy Snaps Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Budgeting - Financial Planning Case studies Teachers'/Professionals' and Parents' sections
7. Ability to put a personal financial value on differing needs/wants and to prioritise these within the constraints of limited resources	Game stimuli - Clued Up and Spy Snaps Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Budgeting - Financial Planning Teachers'/Professionals' and Parents' sections
8. Ability to undertake ongoing monitoring and evaluation of needs/wants/services based on changing life circumstances	Game stimuli - Clued Up and Spy Snaps Teachers'/Professionals' section Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student
9. Ability to evaluate the choice of a particular product on lifestyle, etc.	Game stimulus - Clued Up Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Documents and Income - Sources of Money Saving and Investing - Account Services
10. Ability to assess the financial implications of personal life choices in terms of education, life-long learning opportunities	Game stimulus - Spot the Agent Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: University Student Careers - Types of Employment Case studies
11. Ability to make informed choices when experiencing a drop in income or other changes to financial circumstances	Game stimulus - Clued Up Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Documents and Income - Sources of Money
Consumer rights, responsibilities and sources of advice (h)
1. Know about the different sources of generic financial advice, including financial advisers and the Citizens Advice Bureau	Game stimulus - Spot the Agent Dossiers: Budgeting - Staying out of Debt Risk - Manageable Debt Saving and Investing - Ways to Save and Invest Case studies Teachers'/Professionals' and Parents' sections
2. Know about the different sources of advice and the differences between generic and personal advice	Game stimulus - Clued Up Dossiers: Budgeting - Staying out of Debt Risk - Manageable Debt Saving and Investing - Ways to Save and Invest Teachers'/Professionals' and Parents' sections
3. Be able to assess and compare different sources of financial advice and information	Game stimulus - Double Agent Teachers'/Professionals' and Parents' sections
4. Understand there are different rights and responsibilities in relation to different financial products	Game stimulus - Double Agent Case studies Teachers'/Professionals' and Parents' sections
5. Understand how to identify if it is appropriate to comment or complain and be able to access the procedures	Game stimulus - Double Agent Case studies Teachers'/Professionals' section
Implications of finance (i)
1. Understand there is an ethical, social and religious dimension to financial decisions	Game stimulus - Clued Up Dossier: Budgeting - Financial Planning Teachers'/Professionals' section
2. Understand how to plan and manage debt	Game stimuli - Codebreaker and Clued Up Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Budgeting - Financial Planning Budgeting - Staying out of Debt Risk - Manageable Debt Teachers'/Professionals' and Parents' sections
3. Understand what to do if difficulties arise in repaying debt	Game stimuli - Codebreaker and Clued Up Dossiers: Budgeting - Financial Planning Budgeting - Staying out of Debt Saving and Investing - Ways to Save and Invest
4. Understand the role of regulation and consumer protection in financial institutions	Game stimulus - Clued Up Dossier: Risk - Manageable Debt Case studies
5. Understanding of the wider implications of personal financial decisions, e.g. the pros and cons of ethical investment	Game stimuli - Double Agent and Spot the Agent Dossier: Budgeting - Government Budgets and the Economy Teachers'/Professionals' section
6. Develop an understanding of how local and national decisions may affect personal finances	Game stimulus - Clued Up Dossier: Budgeting - Government Budgets and the Economy Teachers'/Professionals' and Parents' sections
7. Develop an understanding that local, national and global finances can impact on one's own life, e.g. setting of interest rates	Game stimulus - Clued Up Dossier: Budgeting - Government Budgets and the Economy Teachers'/Professionals' and Parents' sections

Links to the learning outcomes for the Business, Administration and Finance (BAF) Diploma

Level 1 (Unit 3) Personal Finance and Financial Studies
BAF learning outcome	Related 'Finance World' resources
LO.1 Know the main types, features and sources of money	Game stimulus - Double Agent Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Currency - Forms of Money and Payment Documents and Income - Sources of Money Teachers'/Professionals' and Parents' sections
LO.2 Understand the importance of avoiding debt	Game stimuli - Codebreaker and Clued Up Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Budgeting - Staying out of Debt Risk - Manageable Debt Case studies Teachers'/Professionals' and Parents' sections
LO.3 Know how to plan personal finances	Game stimuli - Clued Up and Spy Snaps Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Budgeting - Financial Planning Documents and Income - Record Keeping Teachers'/Professionals' and Parents' sections
LO.4 Know how to choose and use current and savings accounts	Game stimulus - Word Hunter Dossiers: Budgeting - Case Study: University Student Risk - Fraud and Scams Saving and Investing - Account Services Saving and Investing - Ways to Save and Invest Case studies Teachers'/Professionals' section
Level 2 (Unit 3) Personal Finance and Financial Studies
LO.1 Know the main types, features and sources of money	Game stimulus - Double Agent Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Currency - Forms of Money and Payment Documents and Income - Sources of Money Teachers'/Professionals' and Parents' sections
LO.2 Understand how sources of financial information and advice differ	Game stimulus - Clued Up Dossier: Documents and Income - Sources of Money Case studies Teachers'/Professionals' and Parents' sections
LO.3 Know how to plan and manage personal finances	Game stimuli - Clued Up and Spy Snaps Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Budgeting - Financial Planning Budgeting - Government Budgets and the Economy Careers - Wages and Salaries Documents and Income - Record Keeping Saving and Investing - Ways to Save and Invest Case studies Teachers'/Professionals' and Parents' sections
LO.4 Understand the main features of common financial products and services	Game stimuli - Word Hunter and Double Agent Dossiers: Budgeting - Case Study: University Student Currency - Foreign Currency and Exchange Currency - Forms of Money and Payment Documents and Income - Record Keeping Risk - Insurance Saving and Investing - Account Services Saving and Investing - Ways to Save and Invest Teachers'/Professionals' and Parents' sections
Level 3 (Unit 3) Personal Finance and Financial Studies
LO.1 Understand how to make the most of personal financial transactions	Game stimuli - Codebreaker and Double Agent Dossiers: Currency - Foreign Currency and Exchange Currency - Forms of Money and Payment Documents and Income - Sources of Money Risk - Insurance Saving and Investing - Account Services Teachers'/Professionals' and Parents' sections
LO.2 Understand the key influences on personal finance and financial services	Game stimuli - Double Agent, Spot the Agent and Spy Snaps Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Budgeting - Government Budgets and the Economy Case studies Teachers'/Professionals' and Parents' sections
LO.3 Understand the relevance and value of sources of financial information and advice	Game stimulus - Clued Up Dossier: Documents and Income - Sources of Money Case studies Teachers'/Professionals' and Parents' sections
LO.4 Be able to make appropriate personal financial decisions	Game stimuli - All games Dossiers: Budgeting - Case Study: Young School Leaver Budgeting - Case Study: Single Unemployed Parent Budgeting - Case Study: University Student Budgeting - Financial Planning Budgeting - Staying out of Debt Currency - Forms of Money and Payment Documents and Income - Bills Documents and Income - Sources of Money Risk - Gambling Risk - Insurance Risk - Manageable Debt Saving and Investing - Ways to Save and Invest Case studies Teachers'/Professionals' and Parents' sections

There are elements of financial capability throughout the 16+ curricula; however the 'Finance World' resources link particularly well to the following:

A level (GCE)
- Business Studies
- Economics
- Business and Economics
BTEC Nationals
- Personal and Business Finance
ASDAN
- Certificate of Personal Effectiveness (CoPE) Levels 1 and 2
- Certificate in Career Planning: Levels 1-3
- Certificate of Personal Effectiveness Level 3
- Certificate of Personal and Social Development (PSD) Levels 1 and 2
- Certificate of Personal and Social Development (PSD) E2 and E3
- Employability: Levels Entry 2 - Level 3
Scotland's Curriculum for Excellence
- Social studies - Society and the economy
- Numeracy and Mathematics
The National Curriculum for Wales (ages 16 -19)
- Personal and Social Education
- Careers
- Mathematics

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