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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.

Objective (at Extending level) Related 'Finance World' resources
Different types of money/payments (a)
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

BAF learning outcome Related 'Finance World' resources
Level 1 (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 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