Activity Title: Making Smart Money Decisions

Desired Outcome: When considering how to spend my money, I can source, compare and contrast different contracts and services, discuss their advantages and disadvantages, and explain which offer best value to me.

Level: Third Level

Focus: Number, Money, and Measure

Introduction: In this activity, we will explore how to make smart money decisions by comparing and contrasting different contracts and services. We will use real-life examples to understand how to source the best deals and determine which offer the best value for our money.

Activity: 1. Start by discussing with the students the importance of making smart money decisions. Ask them to share examples of times when they had to make a decision about spending their money.

1. Introduce the concept of contracts and services. Explain that contracts are agreements between two parties, and services are activities provided by a company or individual.

2. Provide the students with a list of real-life examples of contracts and services, such as phone contracts, gym memberships, and car insurance. Ask them to research and compare different options for each example.

3. Once the students have researched the different options, ask them to create a table or chart to compare and contrast the advantages and disadvantages of each option.

4. Next, ask the students to determine which option offers the best value for their money. Encourage them to explain their reasoning and provide evidence to support their decision.

5. Finally, ask the students to present their findings to the class. Encourage them to use visual aids, such as graphs or charts, to help illustrate their points.

Conclusion: By completing this activity, students will have a better understanding of how to make smart money decisions by sourcing, comparing, and contrasting different contracts and services. They will be able to apply this knowledge to real-life situations and make informed decisions about how to spend their money.