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It’s up to you. You have just received a once in a lifetime offer Alan Sugar has offered you a salary of £100,000 per annum for you to complete your dream job Look at your personal profile sheet and answer all the questions. LESSON 15: Choosing to save. TO KNOW:

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Presentation Transcript
It s up to you
It’s up to you...

  • You have just received a once in a lifetime offer

  • Alan Sugar has offered you a salary of £100,000 per annum for you to complete your dream job

  • Look at your personal profile sheet and answer all the questions


Lesson 15 choosing to save
LESSON 15: Choosing to save

  • TO KNOW:

    • Reasons why people save and methods of saving

  • TO UNDERSTAND:

    • the different methods of saving

  • TO DO:

    • Investigate the rewards and risks of different methods of savings


You are in a position to save when
You are in a position to save when...

  • Your net income (after tax and all other deductions) is higher than your regular outgoings


Where can you save
Where can you save?

  • High street banks

  • Building societies

  • National Savings and Investment (government)

  • Post Office car account – for pensioners or receiving benefits


Learning against the clock 5 minutes per investigation
Learning against the clock – 5 minutes per investigation

  • You will be given one of FOUR envelopes

  • In this envelope will be information on one method of saving

  • You must carefully read through the information in your groups and then fill in the relevant table in your booklet

  • Some of this information is quite complicated but don’t worry... Ask me about any information you don’t understand



Think back to the first activity
Think back to the first activity...

  • Which savings method would you use to save your money. Explain your answer.


Learning outcomes you must should now be able to
LEARNING OUTCOMES“You must/should now be able to...”

  • ALL MUST:

    • Describe reasons for savings and methods of saving

  • MOST MUST:

    • Explain the rewards and risks of different methods of saving

  • SOME SHOULD:

    • Begin to evaluate the best method of saving for different people


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