This week, Year 5 had a visit from Debt Aware. The focus was on the question - what is a budget? The children learned that a budget tells us three things: where the money comes from, where the money goes and how much is left over. These are better known as income, outgoings and disposable income. The children had to plan a budget based on wants vs needs. They also role-played being members of a family and thought about which wants/needs each person would have. The children really enjoyed this session and learned a lot about managing money sensibly.
