The teaching aims of these two lessons are to explain the concept of debt, what it is and how to avoid it; the consequences of debt; the importance of money management and the potential consequences if money is not managed properly and to enable students to understand the possible influences and reasons for debt and what to do if they get into debt.
Students will understand what debt is and how to avoid it, be able to identify the possible reasons for getting into debt, be able to understand the difference between essential spending and non-essential spending, understand the importance of budgeting and the potential consequences of not and understand what steps need to be taken if they do get into debt.
This resource includes:
- 2 x lesson plans PDF
- Activities PDF
- PowerPoint presentation
Make Money Make Sense has been developed by Eastbourne Citizens Advice Bureau and East Sussex Trading Standards, providing teachers with all they need to teach the financial literacy aspects of the citizenship curriculum. Download more of its resources here or on its website at moneymakesense.co.uk.