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Business studies

What is Me and My Money?

Me and My Money is a Unit of Learning on Budgeting and Household Management and has been developed in consultation with Junior Cycle for Teachers (JCT) and is designed to be used by Business Studies teachers in the classroom.

Business studies aims to stimulate students’ interest in the business environment and how they interact with it. It develops skills, knowledge, attitudes and behaviours that allow them to make informed and responsible decisions with all of the resources available to them, ensuring their and society’s well-being, while becoming more self-aware as learners - (Business Studies Specification, P.5)

This Unit of Learning is designed to build on students’ prior learnings and to develop knowledge and understanding for further study and possibly make connections with their learning in other subjects.

Read more in the full Business Studies specification. Please let us know your experience of using the resource via the social media links at the bottom of this page.

Section 1: Needs vs Wants

Students explore the difference between needs and wants through case studies and the Giant Steps game. This builds a deeper understanding of how personal resources are prioritised and allocated.

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A copybook page with the text 'needs vs wants' written in blue pen

Section 2: Resources and income

Students examine the different resources available to them and how these are used to meet needs and wants. They learn that making choices about resources involves trade-offs and associated costs.

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A copybook with the text 'resources and income' written in blue pen

Section 3: Expenditure

Students explore personal and household spending, including fixed, irregular, and discretionary expenses. They learn how to prioritise spending and link it to needs and wants.

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A copybook with the text 'expenditure' written in blue pen

Section 4: Create a budget

Students will gain an understanding of individual and household budgets and how to prepare and evaluate one including calculating totals and determining the financial position of the budget.

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A copybook with the text 'create a budget' written in blue pen
Links to Learning Outcomes
The specification focuses on improving students’ understanding of the business environment and developing skills for life, work and further study through the three interconnected strands of Personal Finance, Enterprise and Our Economy.

Each section in this Unit of Learning is linked to the Learning Outcomes from Strand 1: Personal Finance and Strand 3: Our Economy in the Business Studies specification as this best aligns with the CCPC’s mandated responsibilities. Learning Outcomes from within Strand 2: Enterprise, may well be drawn upon/supported while engaging with this Unit of Learning.

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