Enrichment Financial Competency (V2)

Research

Look into how human trafficking affects young people in the UK. Find a specific case study and explore what support services helped the victim recover and rebuild their life.

Activities

• Design a campaign to raise awareness about animal testing. Complete some research and also, go around your centre / local area and interview people about their thoughts on animal testing. Use digital tools such as Canva, VistaCreate, or Google Slides to design any materials needed for your campaign.

• Write a couple of paragraphs or design a multimedia resource of your choice (e.g., leaflet, poster, video, voice recording, etc.), describing a day in the life of a child labourer. Consider how you would feel in the child’s situation, what the biggest challenges they face are and how their life could be improved.

Discussion

• Starting Your Own Business: What do you think are some of the biggest challenges for someone starting their own business? How could they deal with these challenges?

• "To be a successful business owner, you need to have lots of money behind you." Do you agree or disagree with this statement and why?

Describe something new you discovered during the project that you found interesting or surprising.

Is there a particular topic or area you found during the project that you would like to explore more about? What specific questions do you still have?

How do you think the knowledge you gained from this project might be useful to you in the future? Can you think of ways it might influence your daily life or future choices?

What parts of the project did you enjoy the most and why? Were there any aspects that you found challenging or less enjoyable?

Describe something new you discovered during the project that you found interesting or surprising.

Is there a particular topic or area you found during the project that you would like to explore more about? What specific questions do you still have?

How do you think the knowledge you gained from this project might be useful to you in the future? Can you think of ways it might influence your daily life or future choices?

What parts of the project did you enjoy the most and why? Were there any aspects that you found challenging or less enjoyable?

Discussion

• Pros and Cons of Credit Cards: What do you think are the benefits and drawbacks of having a credit card? Consider why people use a credit card for online shopping, booking holidays, or managing unexpected expenses. Discuss how to use credit cards responsibly.

• "Getting into debt is inevitable, so why fight it?" Do you agree or disagree with this statement? Think about situations like Buy Now, Pay Later schemes such as Klarna or Clearpay, buying a new phone on finance, or using credit cards for everyday purchases.

Activities

• Create a social media post for a new business in Wales. Choose one of the following business types: a trendy café, a streetwear clothing store. Your post should include: a catchy tagline or slogan,engaging images or graphics. Consider incorporating elements relevant to Wales, such as local landmarks or using some Welsh language. You can use digital tools like Canva, VistaCreate, or Google Slides to design your post.• Design an advert for a launch party for a new business of your choice. Remember to include all of the details of the party. You can use any digital tool, such as Canva, VistaCreate, or Google Slides for your design.

Activities

•To help the environment and promote sustainability, you have been given a budget of £30 to find a birthday party outfit from an online charity shop, including shoes and accessories. Try to find a great outfit within your budget and give second-hand clothes a new lease of life.• Design a multimedia resource of your choice (e.g., leaflet, poster, video, voice recording, etc.), offering advice for young people on budgeting. You can use any digital tool, such as Canva, VistaCreate, or Google Slides for your design.

Activities

• You have been saving up money from your job and are now ready to buy a new laptop or tablet. Look at different models and options to find the best device for your needs within a budget of £500. Consider factors such as features, brand reputation, and reviews. Use online shopping sites to compare prices and find the best deals available. Additionally, explore the idea of buying a refurbished laptop or tablet as an alternative and decide if it would suit your lifestyle. • Design a multimedia resource of your choice (e.g., leaflet, poster, video, voice recording, etc.), offering advice for young people on how they can make the most of their money. You can use any digital tool, such as Canva, VistaCreate, or Google Slides for your design.

Research

Benefits of Budgeting: Research how creating and sticking to a personal budget can help you save for things you want, like a new piece of tech, attending a music festival, or even your first car. How can budgeting help you avoid running out of money before payday?

Research

Find three examples of young entrepreneurs who started businesses. Outline what business they set up, how they went about it, and the successes and challenges they faced.

Research

Best Streaming Service Deals: Compare different streaming services available in the UK, such as Netflix, Amazon Prime Video, Disney+, and Now TV. Which service offers the best value for money based on the content available, subscription cost, and additional benefits?

Project

In small groups, come up with an idea for a new business that will benefit young people in some way. You need financial assistance to get your new business off the ground and decide to pitch to ‘Dragon’s Den.’ Here’s an example of a pitch: Consideration to make: • Details of your business idea and how it will benefit young people. • How much money you would like from the dragons. • What percentage of the business you’ll offer them in return. • What you would like to spend their money on. Please write and deliver your pitch. You can use digital platforms such as PowerPoint, Canva or Prezi to make your pitch more engaging.

Describe something new you discovered during the project that you found interesting or surprising.

Is there a particular topic or area you found during the project that you would like to explore more about? What specific questions do you still have?

How do you think the knowledge you gained from this project might be useful to you in the future? Can you think of ways it might influence your daily life or future choices?

What parts of the project did you enjoy the most and why? Were there any aspects that you found challenging or less enjoyable?

Project

While we may not often hear about it, the supply chains of big clothing manufacturers sometimes use child labour. Understanding this issue can help us make better choices and promote fair, ethical practices. Investigate the issue of child labour in the clothing industry and create a resource to raise awareness and encourage ethical consumer choices. Considerations to make:

• Why do some popular clothing companies use child labour?
• How does child labour affect children and their communities in different ways?
• What initiatives promote fair wages and better working conditions?
• How can we encourage people to buy clothes from ethical sources?

Create an awareness resource to inform others about the issue of child labour and promote ethical practices. Choose one of the following formats: An advert, An infographic, A leaflet, A poster, A short video. Your resource should include: Key facts and statistics, Impact on affected children and communities, Ways consumers can support ethical clothing brands. Use digital tools like PowerPoint, Canva, or Prezi to design your resource. Be creative and make sure your message is clear and engaging. Focus on how we can make a positive difference by choosing to support ethical practices and raising awareness about the issue.

Discussion

• "To keep costs down, some clothing companies like Primark and Shein use factories in places like Bangladesh, where children work long hours in difficult conditions." How do you feel about this? What can we do about this situation as consumers?

• "Animal testing should be banned worldwide." Do you agree or disagree with this statement? Consider examples like testing for cosmetics, medical research, and alternatives to using animals.

Project : Organise a 21st Birthday Party on a BudgetYou have been tasked with organising your best friend's 21st birthday party. The aim of this activity is to plan a fun and memorable party while sticking to a set budget. Your budget for the party is a total of £500. Use this money wisely to ensure all aspects of the party are covered. Considerations for the Party:

• Venue Costs: Look for a suitable place to host the party. Remember to consider any additional costs such as deposits or cleaning fees.
• Food and Drinks: Plan what food and drinks will be available. Don't forget about drinks, both alcoholic and non-alcoholic.
• Decorations: Think about how you will decorate the venue. Consider costs for items like balloons, banners, table settings, and lighting.
• Entertainment: Decide on the entertainment for the party. This could include hiring a DJ or band, or other activities.
• Invitations: How will you invite guests? Will you use printed invitations, digital invites, or social media?

• Other Costs: Any other expenses that might come up, such as security or transport costs.

Describe something new you discovered during the project that you found interesting or surprising.

Is there a particular topic or area you found during the project that you would like to explore more about? What specific questions do you still have?

How do you think the knowledge you gained from this project might be useful to you in the future? Can you think of ways it might influence your daily life or future choices?

What parts of the project did you enjoy the most and why? Were there any aspects that you found challenging or less enjoyable?

Project

You want to learn to drive and buy your first car, and need to plan financially to achieve this. Start by finding local driving lessons that offer the best value for money. Research and choose the best savings account with the highest interest rate available. Additionally, look for a car to buy that is reliable and offers good value for money. Considerations:

• Approximately how much money will you have to save to pay for driving lessons and to buy a car?
• How much money can you manage to save each week?
• Approximately how long will it take you to save for the lessons and to buy a car?
• Should you consider finance options for buying the car?

Please write a detailed plan, outlining your findings about local driving lessons, the most suitable savings account and the best car available.

Discussion

• What are some easy ways you could save money daily? Think about changes like cutting down on takeaways or finding cheaper mobile plans. Discuss how these savings could help you afford things like a new phone, a holiday, or even moving out in the future.

• "Budgeting takes away all of life's spontaneity." Do you agree or disagree with this statement? Think about times when budgeting allowed you to save up for something special or to go out with friends without money worries.