Activity 2: Think-Pair-Share
1. Explain to the class that they are going to do an activity where they will think about, and discuss their understanding of the word ‘budget’.
2. Distribute one Student worksheet: Think-Pair-Share to each student and invite them to complete it individually.
Note: Depending on your class you may decide to do the first part of the worksheet (what does the word ‘budget’ mean?) as a whole class activity.
You could begin by asking students if they have ever heard this word before and if so in what context (e.g. government budget, household budget etc). Ask if anyone in the class ever sat down and came up with a plan about how to save, e.g. to buy Christmas presents or for a holiday etc.?
Explain all budgets, inclusive of personal budgets, household budgets, business budgets or government department budgets. They are a way of:
- Planning how money is spent
- Keeping spending under control
- Keeping track of everything that is coming in and going out
- Helping to develop an awareness of money and where it goes and to make planning for the future easier
3. Ask students to form pairs, compare their work and decide which the best answers are for each of the boxes on their completed worksheets.
4. Invite feedback from a sample of pairs, recording student responses on the white/blackboard.
