Enrichment Financial Competency (V2)

Cover Page

Topics

Intro Video

Topics

Topics

Topics

Topics

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.

Ethical issues, like environmental concerns or social justice, affect our community in many ways. In this activity, you will gather opinions on these issues by creating a survey and interviewing people within our centre or the local community. After collecting the data, you will use digital tools to analyse and summarise your findings.

Think about social issues like climate change, mental health, or equality. Choose a cause important to your group and create a persuasive interactive resource using Genially or a similar tool. You will need to research, plan, and design your resource using persuasive writing, images, and interactive elements to raise awareness and promote your chosen social issue.

YouTube: Using Genially

What do you think are some of the biggest challenges for someone starting their own business? How could they deal with these challenges?

Do you agree or disagree with this statement and why?

"To be a successful business owner, you need to have lots of money behind you."

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?

What do you think are the benefits and drawbacks of having a credit card?Think about why people use a credit card for online shopping, booking holidays or managing unexpected costs. Discuss how to use credit cards responsibly.

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.

"Getting into debt is unavoidable, so why fight it?"

Step into the shoes of an investor and decide which business ideas are worth your investment. You will need to evaluate five different business pitches, considering their market potential, financial projections, and risks. Your goal is to think critically and justify your investment decisions. Let’s see which business ideas catch your interest and why!

Choose one of the following business types:

Design an exciting TikTok video to promote a new business in Wales.

Your video should include a catchy title, images, information and music.

Include elements relevant to Wales, such as local landmarks or using some Welsh language. You will need to Storyboard, Film and Edit your TikTok to make it stand out from the crowd and effectively promote the business.

Design an exciting TikTok video to promote a new business in Wales. Choose to promote either a trendy café or a streetwear clothing store. Include a catchy title, engaging visuals, information, and music. Add Welsh elements like local landmarks or some Welsh language. Storyboard, film, and edit your TikTok to make it stand out and effectively promote the business.

You are going on a night out and need to manage your money to last the night. You will need to consider budgeting for drinks, food, transportation, and club entry. Be prepared to handle unexpected expenses and make smart financial decisions to ensure you enjoy your night without overspending!

Life is not a straight line. It goes up and down and can impact our finances in different ways. In this activity, you'll go through real-life scenarios and will need to adjust a budget based on various life events. Your goal is to make smart financial decisions and understand why saving and planning are important to stay stable, even when unexpected changes happen.

In this activity, you will explore the world of sales and negotiation. You will be either a salesperson trying to sell products for profit or a customer looking to get the best deals within your budget. Your aim is to understand how sales and negotiation work, and how to balance profit and value. Let’s see who can make the most profit and who can get the best deals!

Design a multimedia resource of your choice (e.g., video, podcast, or interactive resource) educating young people about the dangers of debt and payday loans, explaining why debt can be risky and how to avoid financial traps. Your goal is to help others make better financial choices and stay financially stable.

Research some different methods of budgeting, and consider how these different methods could help you save for things you want. Perhaps you’re saving for a new piece of tech, attending a music festival, or even your first car.

Based on your research, which budgeting method would work best for you, and why?

Find three examples of young entrepreneurs who started businesses in Wales.

Outline what business they set up, how they went about it and the successes and challenges they faced.

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?

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:

• 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.

Considerations:

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?

Ethical businesses focus on making a positive impact on society and the environment. By supporting these businesses, we can help create a better world.

Your task is to plan and create a social media campaign for an ethical business in Wales. The business can be anything you choose.

• A bio
• A logo
• Text-based posts
• Any other creative element you can think of

Your social media campaign should include:

Work in groups to create your brand using the platform of your choice. Make sure to market your product or service while clearly displaying your brand's social vision and desired impact.

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?

Do you agree or disagree with this statement? Consider examples like testing for cosmetics, medical research and alternatives to using animals.

"Animal testing should be banned worldwide"

Plan your Tutor's Birthday

You have been tasked with organising your tutor's 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.

• Tutor's Likes / Dislikes: Are you thinking about your tutor's likes and dislikes? Think about what's achievable and what's outrageously impossible.
• 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.

Considerations for the Party:

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?

- book some driving lesson - follow through the worksheet.

You want to learn to drive and buy your first car, and need to plan financially to achieve this.

This activity will look at budgeting for a new car, including finance options and tax/insurance costs. Complete the worksheet to find the best deal for driving lessons, budget for your new car, and explore customisation options.

• 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?

Considerations:

Use the worksheet to outline your findings and determine the best deals for local driving lessons and your new car.

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.

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.

"Budgeting takes away all of life's spontaneity."