Consumer Stuff for kids (PDF, 6.2 MB) - Consumer Affairs Victoria

Budgeting Task
Distribute the double-sided Budget Activity Sheet.
Once familiar with the components of a budget, students can commence the Party Time activity.
This provides students with an opportunity to apply their budgeting skills whilst solving a problem.
Students peer assess the Party Time budgeting activity by conducting an audit.
Conclusion
The budget is a plan for spending and income. Discuss:
What do you think it means “Fail to plan, plan to fail’?
What would happen if the school/government/sporting club/parents simply spent money and
didn’t have a budget plan to know if their spending was in control?
Why is it important to budget? Why should my family budget?
Students respond by explaining why budgeting is important and how budgeting can
help their family or themselves.
Early Finisher's Web Task
You must select food for a family for 3 days. Select groceries via the internet by using an online grocery provider
such as Coles Online www.colesmyer.com.au or Safeway/Woolworth’s www.homeshop.com.au.
With $60 you must:
select enough food for 3 days for a family of 3. This includes breakfast, lunch and dinner
remember that one family member is 11 years old and the other two are adults.
list each grocery item and its price.
Breakfast
FOOD ITEM COST
TOTAL BREAKFAST
TOTAL COST
Help on the Web
Lunch
FOOD ITEM COST
TOTAL LUNCH
Sample Budget layout
Dinner
FOOD ITEM COST
TOTAL DINNER
Go to the Victorian Government website www.youthcentral.vic.gov.au and visit Managing Money then
Saving and Spending and Budgeting and find out how to create a budget.
Go to the Australian Government’s www.understandingmoney.gov.au website and find out how to
create a budget.
Check out the Australian Government budget at www.budget.gov.au or the Victorian Government
budget at www.budget.vic.gov.au.
CONSUMER AFFAIRS VICTORIA NEED CONSUMER HELP? 1300 55 81 81 www.consumer.vic.gov.au
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