Pocket Money Budget

This is a useful activity involving pocket money

You need a pen and paper

If your child regularly earns pocket money you can ask them to plan out a budget.

Ask them to think about the different ways they spend their pocket money. See if they can think of three or four different categories, such as:

  • food/sweets,
  • entertainment,
  • savings,
  • charity,
  • gifts

If they divided their money up between the different categories how many weeks would it take before they had saved (say) £20?

How long would it be before they could buy a particular gift?

Think of different ways they can plan to use or save money.

Share  what you have done with your teacher - write about what you found out, take pictures or post a tweet to your School.

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