Free Resources - Sight Impaired
MyBnk has worked with specialists to create a range of fun and interactive resources to help teach young people who are sight impaired how to manage their money.
These free resources include:
A set of 13 financial education podcasts hosted by a Money Mechanics experts and young people with sight impairments discussing various personal finance issues.
A range of lesson plans and resources covering topics from budgeting and saving to gambling and government spending.
All resources such as budgets have been enlarged along with tactile graphs and charts.
Jade and Cory, who are both blind, bust myths and offer handy tips on how to navigate the world of work, money management, accessing services, avoiding scams and living independently.
Lesson plans and resources
A short audio rap track which explains how income tax works and breaks down the various personal allowances. Listen here.
An excellent way to introduce students to income and expenditure and the importance of ensuring we do not spend beyond our means. It also introduces the idea of saving, both in the short and long term. There are two budgets: Saleha’s and Dan’s.
Saleha’s is more basic. Ask students to calculate how much income is in relation to outgoings. Is she living within her means? What would happen if she keeps spending more than her earnings? Using their knowledge of Wants vs Needs, can the students save Saleha any money on a monthly basis? Download here.
Dan’s is more tricky. Using wants and needs it is difficult to save Dan any money, however, introduce the idea of saving money over a longer period of time. Can he set aside a small amount over a year to save the money needed? Download here.
My Money, my choices - Timeline
An excellent resource helping young people identify areas in their life where they might gain money and where events may be costly. Working in teams, participants add items chronological order. Timelines will differ, acknowledge the differences and encourage discussion. Download here.
Needs vs Wants
A basic introduction to setting personal spending priorities and budgeting. Can be done individually or as in groups. Gets students thinking about what they need to pay for and what they want to buy and the differences between them. It is not always clear to students what happens if they cannot pay for their ‘needs’ items. The topic of debt can also be introduced. Download here.
Salaries and Tax
The relationship between salaries and the amount of tax you pay is a relatively difficult topic to cover. These graphs give an excellent representation for those who are large print readers and can be adapted or printed as a tactile graphs for those who are braille readers. Open up discussions with the young people about their findings, do they think it’s fair that people with larger salaries pay a larger proportion in tax? How much are the net earnings, is it enough to live on? Where does the tax go? What is it spent on? Download resources here.
Students will need to use basic maths skills to work out the best prices across a range of items. Open up discussions: just because buying three for two is cheaper per item, do you need three of the same item? Look out for hidden catches, items that aren’t the same and so you can’t compare prices and for hidden costs like delivery charges. These resources can be printed in large print or braille. Download here.
The 'Fruit Machine' Game is an introduction to the dangers of gambling. Young people learn a valuable lesson: that the house ‘usually’ always walks away with the most money. This scenario plays out in a game where players left with money can decide not to play and be rewarded with chocolate coins. It reinforces that if you don’t spend your money gambling, you are able to buy other items. Download here.
An introduction to different currencies, ensuring that young people understand that the GBP is for UK and other countries use different notes and coins. Also a good time to introduce that £1 doesn’t necessarily equate to $1 or €1. Download here.
A great activity to examine where and how tax is spent. The answers are often surprising to young people (and staff). Gage perceptions, reveal then relate to media reports and current affairs. Discuss their priorities and create alternative budgets using the same pot of cash. Download here.
The Investigator - Investments
An activity for more advanced students to understand what happens in the long term to savings. A chance for them to see how outside circumstances, like recessions, can affect savings and what this means in the long term. Download here.
Savings stats when combined with a physical display are an incredible tool to show what happens when you put your money into different savings, particularly a work based pension. It’s important to also discuss the times in our lives when we would/could use the money and relate back to the timeline activity. Download here.
Identifying coins and notes
Understanding a bank statement