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Year 9

Planning and budgeting

I can plan and budget for my current and future saving and spending.

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New
New
Year 9

Planning and budgeting

I can plan and budget for my current and future saving and spending.

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Lesson details

Key learning points

  1. There are a range of ways to plan and keep track of personal finances.
  2. A proactive approach to managing money can be taken if personal finances are tracked and circumstances change.
  3. Budgeting plays an important role in saving for unexpected emergencies.

Keywords

  • Bank statement - A bank statement is record of all transactions that occurred during a set period of time.

  • Budget - A budget is a way to manage your money. It can be used to keep track of your expenditure and make sure that it does not exceed your income.

Common misconception

A bank statement is the only way to keep track of your money.

Visual representations can be useful for viewing and interpreting large amounts of data and can be used to see the proportion of income spent on different areas over a set period.


To help you plan your year 9 financial education lesson on: Planning and budgeting, download all teaching resources for free and adapt to suit your pupils' needs...

Pupils may benefit from creating a budget using spreadsheet software so that they can update values and quickly see the impact. This is especially powerful if a visual representation is also present.
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Teacher tip
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Equipment

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Content guidance

  • Depiction or discussion of sensitive content
supervision-level

Supervision

Adult supervision recommended

copyright

Licence

This content is © Oak National Academy Limited (2025), licensed on Open Government Licence version 3.0 except where otherwise stated. See Oak's terms & conditions (Collection 2).

Lesson video

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6 Questions

Q1.
Aisha has £2.25 to spend in the local café. Which of the following options can she afford?
An image in a quiz
Correct answer: Tea and coffee
Tea and cake
Correct answer: Tea and shortbread
Squash and cake
Q2.
Andeep has £3.75 to spend in the local café. Which of the following options can he afford?
An image in a quiz
Tea and cake
Coffee and apple pie
Correct answer: Squash and apple pie
Coffee and cake
Q3.
Izzy has £4.20 to spend in the local café. Which of the following options can she afford?
An image in a quiz
Correct answer: Tea and cake
Correct answer: Coffee and apple pie
Correct answer: Squash and apple pie
Coffee and cake
Q4.
Jacob has £5 to spend in the local café. He buys a mug of hot chocolate and a muffin. What change does he receive?
An image in a quiz
Correct Answer: 40 pence, 40 p
Q5.
Jun has £10 to spend in the local café. He buys two cups of coffee and a cake. What change does he receive?
An image in a quiz
Correct Answer: £4.35
Q6.
Lucas has £12 to spend in the local café. He buys a cup of squash, two mugs of hot chocolate, a muffin and a cake. What change does he receive?
An image in a quiz
Correct Answer: £1.45

6 Questions

Q1.
A is a record of all transactions that occurred during a set period of time.
Correct Answer: bank statement
Q2.
A is a way to manage your money. It can be used to keep track of your expenditure and make sure that it does not exceed your income.
Correct Answer: budget
Q3.
Sofia is budgeting and has realised her outgoings exceed her earnings from her part-time job. Which of the following would you suggest she cancel, in order to manage her money?
her weekly bus pass
Correct answer: her music streaming subscription
her monthly mobile phone bill
Correct answer: her monthly chocolate subscription box
Q4.
Laura's parents want to save for a family holiday. Which of the following outgoings could they cancel, in order to increase their savings?
Mortgage payments
Council tax
Correct answer: TV subscription service
Car insurance
Q5.
Sam's uncle has a full-time job. He typically spends £150 a month on buying his lunches from a stall near his work. What could he do to reduce the amount of money he spends on lunch each month?
Buy lunch from a more expensive place
Correct answer: Bring in his own lunch from home
Correct answer: Buy his lunches from a supermarket which offers meal deals
Subscribe to a lunchbox delivery service, costing £40 per week
Q6.
Sam's uncle will work 20 days this month. He typically spends £150 on lunches in a month. Which option(s) would reduce what he spends on lunches this month?
Correct answer: Buying lunch from a supermarket offering a £6 meal deal each day
Buying lunch from a stall with an average lunch price of £7.50 per lunch
Subscribing to a lunchbox delivery service, costing £40 per week
Correct answer: Meal-prepping lunches in advance, spending £5.50 on groceries per lunch