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Uk Debt Management Budgeting

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Uk Debt Management Budgeting Powered By Docstoc
					                            MAKE MONEY
                            MAKE SENSE


    Debt
    Lesson plan 1
    Key stage 4
Teaching aims of        Possible teaching activity                  Learning outcomes
the session

To      explain    the What is debt?                                Students will
concept of debt, what Brainstorm, class work or pair work           understand what debt
it is and how to avoid                                              is and how to avoid it.
it.                      Why would people get into debt
                         Brainstorm, class work or pair work        Students will be able
To      explain    the                                              to identify the
consequences         of How can we avoid debt?-money                possible reasons for
debt                     management-budgeting etc                   getting into debt
                         Brainstorm, class work or pair work
To       explain     to                                             Students will be able
students           the What       influences     people      into   to understand the
importance of money      borrowing money- advertising, peer         difference between
management and the pressure.                                        essential spending
potential                Brainstorm, class work or pair work        and non-essential
consequences          if                                            spending.
money        is    not Why would a consumer not be able
managed properly.        to      pay       money          back?-    Students   will   be
                         unemployment,                   illness,   understand       the
To enable students overspending, interest rates have                importance         of
to understand the increased                                         budgeting and the
possible influences Brainstorm, class work or pair work             potential
and reasons for debt                                                consequences of not.
and what to do if they Consequences of debt
get into debt.           Discuss     with   the     class     the   Students         will
                         consequences of debt- what are             understand      what
                         they? Are they different depending         steps need to be
                         on who is owed and what it is for?         taken if they do get
                         Brainstorm, class work or pair work        into debt.

                        Priority debts- what are these? What
                        is the consequence of not settling
                        priority debts

                        Non-priority debts- what are these?
                        What is the consequence of not
                        settling non-priority debts



                                                                    Created 30/08/05
   MAKE MONEY
   MAKE SENSE

Reminders
Debt collectors
Court action
Bailiffs

Credit rating
Credit reference agencies
Credit repair agencies


Bankruptcy
What are the effects of bankruptcy?
Explain what bankruptcy is and what
it means

What to do if you get into debt?
Brainstorm, class work or pair work


Suggested handouts
Dealing with Debt




                                      Created 30/08/05

				
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