Lesson 2: Income and expenditure

Understanding income and expenditure and how to track money

Before the lesson

Download classroom resources

Learning objectives

  • To understand income and expenditure and how to track money 

National curriculum

  • PSHE Association’s Programme of Study for PSHE: Living in the wider world > L18. to recognise that people have different attitudes towards saving and spending money; what influences people’s decisions; what makes something ‘good value for money’ and L21. different ways to keep track of money

Success criteria

Cross-curricular links

Attention grabber

Main event


Pupils needing extra support: Can focus on scenarios 1 and 2 (Fraser and Florence) in the Activity: Budgeting scenarios.


Pupils working at greater depth: Can focus on scenarios 3 and 4 (Dexter and Ella) in the Activity: Budgeting scenarios.


Wrapping up

Assessing pupils' progression and understanding


Created by:
Sarah Huggins,  
RSE & PSHE specialist
Sarah has over 20 years’ experience in education. Starting as a Primary teacher, Sarah then moved into an advisory role that covered both PSHE education and Citizenship. She delivers courses for teachers, as well as sessions for children and young…
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