Learning objective

  • To explain why budgeting is important.

Success criteria

  • I understand what a budget is.
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Non-statutory guidance

The National curriculum

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Before the lesson

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Lesson plan

1: Lesson plan

An area for you to put useful resources from the previous lesson

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Adaptive teaching

Pupils needing extra support

Should consider whether certain items are necessary for a party during the main event activity; could come up with their own definition for a budget; could use the Activity: Ranking game: support version with fewer scenarios to rank.

Pupils working at greater depth

Should present and explain why they decided to spend their budget on what they did; could suggest how they could save for things they want; could prompt other children to explain why they chose to rank one benefit over another.

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Assessing progress and understanding

Pupils with secure understanding indicated by: explaining what a budget

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Vocabulary definitions

  • benefit

    Something that does good or gives an advantage.

  • budget

    An amount of money available to be spent.

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