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It’s up to you...

It’s up to you. You have just received a once in a lifetime offer Alan Sugar has offered you a salary of £100,000 per annum for you to complete your dream job Look at your personal profile sheet and answer all the questions. LESSON 15: Choosing to save. TO KNOW:

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It’s up to you...

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Presentation Transcript

  1. It’s up to you... • You have just received a once in a lifetime offer • Alan Sugar has offered you a salary of £100,000 per annum for you to complete your dream job • Look at your personal profile sheet and answer all the questions

  2. LESSON 15: Choosing to save • TO KNOW: • Reasons why people save and methods of saving • TO UNDERSTAND: • the different methods of saving • TO DO: • Investigate the rewards and risks of different methods of savings

  3. You are in a position to save when... • Your net income (after tax and all other deductions) is higher than your regular outgoings

  4. Where can you save? • High street banks • Building societies • National Savings and Investment (government) • Post Office car account – for pensioners or receiving benefits

  5. Learning against the clock – 5 minutes per investigation • You will be given one of FOUR envelopes • In this envelope will be information on one method of saving • You must carefully read through the information in your groups and then fill in the relevant table in your booklet • Some of this information is quite complicated but don’t worry... Ask me about any information you don’t understand

  6. Learning review

  7. Think back to the first activity... • Which savings method would you use to save your money. Explain your answer.

  8. LEARNING OUTCOMES“You must/should now be able to...” • ALL MUST: • Describe reasons for savings and methods of saving • MOST MUST: • Explain the rewards and risks of different methods of saving • SOME SHOULD: • Begin to evaluate the best method of saving for different people

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