Money Management

This collection of Level 1 resources from Nuffield Mathematics covers Money management. The demand is roughly equivalent to that in Foundation Level GCSE and Level 1 Functional Mathematics.

The teachers' notes start with a short overview of the activity, who and what it is designed for, and the necessary resources. The student sheets have background information where needed, and tasks for the students to work and reflect on. Extensions and solutions are included in the teachers' notes.

The collection includes the following resources:

Best buys  Students work out which are the best buys for items sold in different-sized packs at different prices.    

Invoices  Students check and complete invoices. Students also work with their own data in spreadsheet simulations of invoices.

Mobile phone tariffs  Students use an Excel spreadsheet to calculate mobile phone bills. They compare mobile phone tariffs to see which one is the best for someone to use.

Spot the errors   Students check for errors in a simulated invoice, phone bill and bank statement (several errors on each).

Savings and interest  Students calculate interest for one year, then compound interest using a decimal multiplier.

Simple and compound interest  Students use algebraic and spreadsheet formulae in Excel to calculate simple and compound interest.

Wages and overtime  Students investigate potential jobs and compare the wages. They then use a spreadsheet to calculate overtime rates of pay.

Work out the VAT  Students work out VAT without a calculator, then check their answers using a different method. This check could be done on a calculator or computer.

Bank balance  This game gives learners practice in working with money, entering items onto a bank statement and calculating the balance.