Life skills // Money & Finance
Budgeting Pocket Money
What a budget is; planning how to spend a fixed amount of pocket money or allowance; making trade-offs between different things you want to buy
Quick check
If the learner had £10 to spend at a school fair, could they plan in advance what to spend it on so the money lasts?
Ask this to see whether the topic is secure.
Topic // Mastery
What mastery looks like
- Create a simple spending plan for £10 showing what they would buy and how much is left
- Explain what a budget is and why it helps to plan spending
- Identify a trade-off (choosing one thing means not having enough for another)
Topic // Map
Where this fits
- RequiredMust come first
- HelpfulHelps, but not essential
Before this
3 topics- Needs & WantsRequired
Money & Finance // Ages 5 to 7
Must understand needs vs wants to make budget trade-offs
- Saving MoneyRequired
Money & Finance // Ages 5 to 7
Must understand saving concept before budgeting a fixed amount
- Buying ThingsHelpful
Money & Finance // Ages 5 to 7
Buying experience helps with realistic budgeting
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Budgeting Pocket Money
Ages 7 to 9 // Concept
Leads to
3 topics- Financial PlanningRequired
Money & Finance // Ages 9 to 11
Must understand basic budgeting before longer-term financial planning
- Making a Simple PlanHelpful
Entrepreneurship // Ages 7 to 9
Cross-domain: budgeting pocket money (Money & Finance) provides planning foundation
- Borrowing & DebtHelpful
Money & Finance // Ages 9 to 11
Budgeting awareness helps understand why overspending leads to borrowing
Life skills // Money & Finance
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