Today we were looking at how much people get paid when working for other people. The UK government has recently brought in the Living Wage.
Cafe Posters
The class has created a poster to place in the window of a local Cafe. It needed to have The name of the cafe A suitable graphic The number of hours worked The hourly rate I will shortly be putting the completed posters on the site.
Minimum Wage
I think we were all little surprised at how low the minimum wage is for under 16s.
Finance – What is money?
Well today we started the finance topic and discussed names for money as well as our attitudes to money. All the videos for this part of the course can be found on this youtube playlist. Here are the names we used for money, there are a lot more names that we use for money.
Task 5 – Wages (Internet Research)
Today we discussed how much money people get paid. Sometimes its not as much as we might expect. Take for example a football stadium, the players might be on thousands of pounds per week. The person who sells the food might be on minimum wages and the ball boys might be apprentices. What is the minimum wage? The National Minimum Wage is the minimum pay per hour almost all workers are entitled
Task 3 – Needs and Wants
There are lots of things we thing we “need” and even more that we “want”. How can we tell what is a need and what is a want? Well if we were to get right down to it we need food, shelter, water and air. Air is free but the rest we have to pay for. [kml_flashembed movie=”http://www.youtube.com/v/X6ZSPplnovg” width=”425″ height=”344″ allowfullscreen=”true” fvars=”fs=1″ /]
Task 2 – Money Personality
I missed this post a couple of weeks back. We started the lesson looking at our views of money before undertaking a survey and having a look at what that means about us. [kml_flashembed movie=”http://www.youtube.com/v/dGdb4QWgjT0″ width=”425″ height=”344″ allowfullscreen=”true” fvars=”fs=1″ /]
Lesson 4 – Income Generation
Today we looked at how we can generate income, we started with writing ideas on the board before moving on to questions and computer work. We then spent some time at the end of the period going over the work and looking at other ways to generate income.
2.1’s finance words
These are the words the class came up with which are used in finance.
Finance Period 1 – Attitudes to money
Today’s class explored our attitudes to money. We watched two videos and completed a questionnaire, sometimes people have a different attitude to money than you may expect. Progress in this unit will be recorded in the class work book.
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