Financial planning made easy

TT
by to-teach Team
6 pagesGrade 10 and aboveEconomics
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Enter the data about a person and their financial situation. Using this example, learners will learn the steps involved in creating a financial plan.

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Description

Objective:

Learners learn the steps involved in drawing up a financial plan using a practical example. They structure savings goals, create a budget and learn more about suitable forms of investment. They also receive templates for creating their own financial plan.

Contents and methods:

The worksheet teaches the categorization of savings goals into short-term, medium-term and long-term plans. The students analyze income and expenditure in order to identify savings potential. They learn about different forms of investment and assign them to the respective savings goals. Group work, templates and reflection promote practical transfer.

Skills:

  • Structured financial planning and budgeting
  • Differentiation and selection of suitable forms of investment
  • Critical thinking and a reflective approach to consumer wishes

Target group and level:

Grade 10 and above

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