money and emotional wellbeing

Money and emotional wellbeing

I can talk about why people might borrow money.

I understand that we need to view other people’s choices with kindness and respect

I can discuss how people’s priorities can affect spending decisions.

I understand how this can affect people’s emotional wellbeing.

I can discuss the impact that money can have on people’s emotional wellbeing

Big Questions

​How can money affect our emotional Wellbeing?

What priorities might people have when deciding how to spend money?

Important terms

•Money :One of the things people use to pay for things they need

•Spending :When money is given in exchange for items or services

•Wants :Things people would like to have

•Needs :Things people must have to stay healthy and safe

•Priorities :The way people decide what is most important

•Emotions :The way people feel

•Wellbeing :How comfortable and healthy people feel and how able they feel to cope with the ups and downs of life

Multiple Choice

What are some factors that may affect what people spend money on?

• How much money they have available

• What they feel they need at the time

• Plans or events that are happening

• All of the above

Multiple Choice

Which of the following is an important reason to view other people’s financial choices with kindness and respect?

• Because everyone has different priorities and circumstances.

• Because it is important to judge others for their spending.

• Because everyone spends money the same way.

• Because financial decisions do not affect emotions.

Open Ended

In what ways can money impact a person's emotional wellbeing?

Open Ended

How can money affect our emotional wellbeing?

Fill in the Blank

People often spend money on things they want and things they ___.

Multiple Choice

Which of the following best describes the term 'needs' as used in the lesson?

• Things people must have to stay healthy and safe

• Things people would like to have

• The way people decide what is most important

• How comfortable and healthy people feel

Multiple Choice

From the images shown, which of the following items are considered needs?

• Food, housing, heating

• Mobile phone, computer, food

• Heating, computer, groceries

• Housing, groceries, mobile phone

Multiple Choice

Which of the following emotions might someone feel because of money?

• Pride

• Calm

• Worry

• All of the above

Multiple Choice

How can money affect people's emotional wellbeing?

• It can only make people happy.

• It can affect people in different ways, causing various emotions.

• It has no impact on emotions.

• It always causes stress.

Open Ended

Pierre has enough money to buy himself a new coat and food for his family. How might this affect his emotional wellbeing?

Open Ended

Matty is worried there won’t be enough money to cover the usual costs after paying for a bike repair. How might this affect their emotional wellbeing?

Fill in the Blank

Maria took out a student loan to pay for university. She will repay it after getting a job. Borrowing money for education can affect emotional wellbeing by making someone feel ___ about the future.

Multiple Select

Which of the following are possible emotional effects of facing unexpected costs, like Thierry's car breaking down?

• Stress

• Relief

• Worry

• Happiness

Multiple Choice

What is a mortgage and why might Dapo and Ash need to take one out when buying a house?

• A type of insurance for the house

• A loan to cover the cost of the house

• A payment for house repairs

• A fee for using a real estate agent

Fill in the Blank

What is gambling?

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,

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,

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Multiple Choice

Which of the following are possible effects of unaffordable repayments on emotional wellbeing?

• Worry and stress

• Happiness and excitement

• Relief and relaxation

• Motivation to save more

Open Ended

How can borrowing money affect a person's emotional wellbeing, based on the examples of Dapo, Ash, and Felicity?

Multiple Select

If you are worried about money, who are some trusted adults you could talk to?

• Teacher

• Carer

• Parent

• Grandparent

Multiple Choice

Which of the following could be included when discussing how spending decisions affect emotional wellbeing?

• What spending the picture shows

• What choices or decisions might have been considered

• What impact this could have on emotional wellbeing

• All of the above

Open Ended

How can reflecting on our spending decisions help us make better choices in the future?

Fill in the Blank

Fill in the blank: It is important that we view everyone’s individual choices with ___ and respect.

Multiple Select

Which of the following are ways we can show respect to those around us?

• Listening to others' opinions

• Ignoring people who are different

• Treating everyone with kindness

• Making fun of others' choices

Open Ended

Write down one thing you can do to show kindness and respect to others in your classroom or outside of it.

Open Ended

What priorities might people have when deciding how to spend money?

Open Ended

Reflecting on what you have learned, why do you think it is important to view other people's financial choices with kindness and respect?

Multiple Choice

How can money impact a person's emotional wellbeing?

• It can cause stress or happiness depending on the situation.

• It only affects physical health, not emotions.

• Money has no impact on wellbeing.

• It always makes people happy.