the
PROM
Episode 1
Get Real
with money
1/a
Prom Design & Budget
a. Prom Design
Worksheet 1 of 1
the
PROM
Get Real
with money
1/b
Episode 1
Prom Design & Budget
b. List in the tables below everything you will need to buy for the prom including tickets:
Your perfect prom (no budget restriction)
ITEM REQUIRED
COST
TOTAL
£
Keeping to a set prom budget of £120
ITEM REQUIRED
COST
TOTAL
£
Worksheet 1 of 1
the
PROM
Episode 1
Get Real
with money
2/a
A - Z Saving & Making Money - Suggestions
A
Allowances
B
Babysitting, BOGOF (Buy one, get one free)
C
Car boot sale, Clean car, Coupons, Comparison websites
D
Dog-walking
E
Ebay
F
Free samples, Freeview TV
G
Get a job
H
Housework for others, Haggle
I
Ironing, Internet shopping
J
Jar (save change)
K
Keep a money diary
L
Library, Lunchbox
M
Make a shopping list, Multi-buy, Mobile phone
N
No takeaways, ‘No spend’ days
O
Own brands
P
Paper round, Part-time job
Q
Qualifications, Quantity buying
R
Reduce to clear, Repair not replace
S
Standby, Siblings (babysit)
T
Telephone
U
Understand budget, Upgrading mobile
V
Valuables, Vouchers
W
Walk dog, Whoopsies, Window cleaning
X
X-Factor, X-ray your spending
Y
Year planner
Z
Zap your spending
Suggestions 1 of 1
the
PROM
Episode 1
Get Real
with money
2/b
A - Z Saving & Making Money
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Worksheet 1 of 1
the
PROM
Get Real
with money
2/c
Episode 1
A - Z Saving & Making Money Suggestions - Definitions
Allowances
Earn pocket money for doing jobs around the house.
Babysitting
Earn money from family and friends for looking after younger
children.
BOGOF
Shop around for buy one get one free deals.
Car boot sale
Sell unwanted items.
Clean car
Earn money cleaning cars.
Coupons
Money off coupons for food / toiletries etc.
Comparison websites
Shop around before you sign up or buy anything.
Dog-walking
Make money and keep fit by walking dogs.
Ebay
Sell unwanted items online.
Free samples
Many companies offer free samples either in store or online.
Freeview TV
Freeview offers over 50 channels.
Get a job
Get a part time job.
Housework for others
Get paid to help others out in their home.
Haggle
Ask for discount! Also whether there are any offers or promo codes
you can use before you buy – you’ll be surprised!
Ironing
Get paid to iron clothes for others.
Internet shopping
Shop around online to find the best prices.
Jar
Save all your loose change.
Keep a money diary
Know where every penny goes for a whole month – write everything
down.
Library
Borrow books / DVDs etc. and save on mobile data usage by using
the library for Internet access.
Lunchbox
Save money by making your own lunch for school or work.
Make a shopping list
Write down what you need and stick to the list, do not impulse buy!
Definitions 1 of 3
the
PROM
Get Real
with money
2/c
Episode 1
Mobile phone
Compare tariffs, don’t upgrade if you don’t need to.
Multi-buy
Reduce costs with BOGOF offers if the product is something you use
a lot of.
No takeaways
It’s cheaper to cook fresh food at home.
‘No spend’ days
Set yourself a target of at least one ‘no spend day’ a week and try
and to increase this target.
Own brands
Try swapping to supermarket own brands to see which ones you like,
it can save a lot on a full shop.
Paper round
Is there a local paper that needs someone to deliver it?
Part-time job
Earn money from part-time work.
Qualifications
Study hard to achieve the best qualifications you can that then
enable you to apply for better-paid jobs.
Quantity buying
Buy in bulk to save money.
Reduced to clear
All supermarkets reduce items close to their sell-by dates. Many
reduce several times during the day up to 90% of the original cost.
Earlier closing on Sundays can be a good time to shop.
Repair not replace
If something breaks find out how much it would cost to repair rather
than buy new.
Siblings
Offer to babysit for younger members of your family and get paid
for it.
Standby
Turning off appliances rather than leaving then on standby can save
considerably per year.
Telephone
Do you really need to upgrade your mobile; are you on the best
tariff?
Understand your budget
Keep a close eye on what you are spending your money on.
Upgrade mobile
Or rather don’t! If your contract is at an end, consider using a PAYG
SIM to reduce costs.
Valuables
Do you have something of value you no longer want/need that you
can sell?
Vouchers
Money-off coupons for anything and everything.
Walk dog
Offer dog-walking services.
Definitions 2 of 3
the
PROM
Get Real
with money
2/c
Episode 1
Whoopsies
Reduced to clear items in supermarkets.
Window cleaning
Offer to clean other people's windows for money.
X-Factor
Do you have a skill / talent that could earn you money?
X-ray your spending
Keep a money diary.
Year planner
Know when the peak spending times are in your year: include
birthdays, Christmas etc. and spread the cost over the 12 months.
Zap your spending
Cut back wherever you can, look at wants and needs.
Definitions 3 of 3
the
PROM
Get Real
with money
3/a
Episode 1
Banking Jargon - Worksheet
A long-term loan taken out to cover a large part of the price of a house.
A fund that pays someone when they retire that they have paid into during their
working life.
A savings account that allows you to save money tax-free.
A document where you specify who or what will inherit your possessions, money
and property.
This is the rate charged by the lender when borrowing money.
A card issued by a bank that can be used to purchase goods or get cash - the
money is taken directly from your bank account.
A card that allows you to spend money and pay the bank partly or in full later.
If the bill is not paid in full when requested you will have to pay interest which
can quickly mount up.
A transactional bank account for everyday use.
An amount the Government takes from your income to pay for things such as
health, education, defence etc.
The tax on goods or services charged when you buy something.
An amount collected by local Government to pay for services such as schools,
police, rubbish collection etc.
Often part of a contract, literally small print which sets out terms and conditions.
This is the minimum amount a person of a particular age can be paid for any job.
The amount an employer pays you for work over a year.
The sum of money paid which contributes to your sick pay and state pension.
This is money paid to the landlord for housing.
An agreement with the bank that allows you to spend more than you have in
your account up to an agreed amount.
Worksheet 1 of 1
the
PROM
Get Real
with money
3/b
Episode 1
Banking Jargon - Answers
MORTGAGE
A long-term loan taken out to cover a large part of the price of a house.
PENSION
A fund that pays someone when they retire that they have paid into
during their working life.
ISA
A savings account that allows you to save money tax-free.
WILL
A document where you specify who or what will inherit your possessions,
money and property.
APR – ANNUAL
PERCENTAGE RATE
This is the rate charged by the lender when borrowing money.
DEBIT CARD
A card issued by a bank that can be used to purchase goods or get cash the money is taken directly from your bank account.
CREDIT CARD
A card that allows you to spend money and pay the bank partly or in full
later. If the bill is not paid in full when requested you will have to pay
interest which can quickly mount up.
CURRENT ACCOUNT
A bank account for everyday use.
INCOME TAX
An amount the Government takes from your income to pay for things
such as health, education, defence etc.
VAT
The tax on goods or services charged when you buy something.
COUNCIL TAX
An amount collected by local Government to pay for services such as
schools, police, rubbish collection etc.
SMALL PRINT
Often part of a contract, literally small print which sets out terms and
conditions.
MINIMUM WAGE
This is the minimum amount a person of a particular age can be paid
for any job.
SALARY
The amount an employer pays you for work over a year.
NATIONAL
INSURANCE
The sum of money paid which contributes to your sick pay and state
pension.
RENT
This is money paid to the landlord for housing.
OVERDRAFT
An agreement with the bank that allows you to spend more than you
have in your account up to an agreed amount.
Answers 1 of 1
the
PROM
Get Real
with money
3/c
Episode 1
Savings & the £1 a Week Challenge!
Most people can manage to save £1 a week. If you can find an extra pound it will soon mount
up over a year.
1. Starting in January, if you save £1 per week
how much will you have at the end of the year?
£
Now try this challenge. You save £1 every
Monday in January. In February you increase this
to £2 per week. You continue to do this every
month and increase by an extra £1 per month so
in March you are saving £3 per week and April
£4 per week etc.
2. Fill in the savings grid for the year.
MONTH
NO. OF WEEKS
January
AMOUNT/WEEK
TOTAL/MONTH
CUMULATIVE
4
£1
£4
£4
February
4
£2
£8
£12
March
5
April
4
May
4
June
5
July
4
August
5
September
4
October
4
November
5
December
4
TOTAL
52
Worksheet 1 of 2
the
PROM
Get Real
with money
3/c
Episode 1
Using the information on the previous sheet, work out the answers to these questions:
3. How much will you have saved halfway through the year at the end of June?
£
4. What is the total amount you will have saved by the end of the year?
£
5. If you follow this plan how much more money would you have compared
to saving £1 per week?
£
6. During September, how much are you saving weekly?
£
7. If you are not able to increase by £1 on a monthly basis what should you do?
8. What are the advantages of following a savings plan?
9. List five ways of saving money that would be beneficial for someone under the age of 18.
A. (example) Write down what you spend.
B.
C.
D.
E.
F.
Worksheet 2 of 2
the
PROM
Get Real
with money
3/d
Episode 1
Saving Tips - Suggestions - Under 18s
Put small amounts
in a bank account
on a regular basis
and don’t touch it.
Write
down
what
you
spend.
Put change in a jar.
Think of the cheapest
way to travel – could
you walk or cycle
rather than use
the bus?
Look for saver tickets if you use public transport
on a regular basis.
Make the most of
your young person
discounts.
Shop in sales
and special
offer days.
Use free
apps
on your
phone.
Check your phone
contract – consider
friends and family
deals, do you need
the contract you have?
Swap clothes and
shoes where possible
with your friends.
Make a packed
lunch and take
drinks from
home.
Repair and
upcycle clothes
rather than
replace.
Saving Tips 1 of 1