MY MONEY WEEKLY

C0 M100 Y100 K0
My Money Weekly • Secondary Edition 9th June 2014
Entertainment Editorial
It’s the latest blockbuster –
the price of a cinema ticket
Page 4
Puzzles
Wordoku, Maths Gym
Bank Balance, and more
Page 9
My Money Week: Secondary age group logo: CMYK
MY MONEY WEEKLY
Secondary Edition • 11-19yrs
Plastic?
Fantastic!
Have you ever accidentally
left “paper” money in your
pocket and it’s ended up
in the washing machine?
If you have you’ll know
that what you’re left with
is a soggy unusable mush!
A change to our currency in two years,
however, means that moist money may
well be a thing of the past. The Bank of
England has announced that the current
£5 and £10 paper notes will soon be printed
on polymer, a thin flexible plastic film.
A £5 note featuring Sir Winston
Churchill will be the first of this new plastic
money being issued in 2016. This will be followed
around a year later by a new £10 note
showing the writer Jane Austen.
A number of other countries have
already made the big switch, starting with
Australia in the 90s. Following a three...
4G or not 4G? That
is the question!
The recent announcement by Telecoms
giant Q6 that 4G, the new high speed
mobile internet connection, is due to
arrive in Bramley next September has
prompted reaction in the local community.
What is 4G exactly?
Once upon a time we used 2G – when all
we really did with our mobile phones was
make calls and send the occasional text.
Next came 3G which made more efficient ...
For full story see page 3 For full story see page 2
Today’s Share Prices
Name Price Change %Chng
UP
Oriental 1.001 0.92 153.13%
UP
P William 23.503 20.00 63.64%
Blakes
DOWN
Trading 1,048.00 -8.00 0.76%
www.pfeg.org/MyMoneyWeek
Today’s Currency
Exchange
1 GBP =
1.22 Euros
1.67 US Dollars
1.87 Australian Dollars
103.6 Indian Rupees
169.2 Japanese Yen
More
stories
inside...

My Money Weekly • Secondary Edition • Technology Page 2
TECHNOLOGY
4G or not 4G?
That is the
question!
Cover story
The recent announcement by Telecoms
giant Q6 that 4G, the new high speed
mobile internet connection, is due to arrive
in Bramley next September has prompted
reaction in the local community.
What is 4G exactly?
Once upon a time we used 2G – when all
we really did with our mobile phones was
make calls and send the occasional text.
Next came 3G which made more efficient
use of the internet. Now that we’re using
our phones for video and audio experiences,
gaming, tweeting, social networking,
streaming and browsing we need (or is it
we want?) the wonderful world of 4G.
4G is reported to be up to five times
quicker than 3G.
Posting a photo on Social Media
Downloading an average sized app or game
Streaming an HD video
Streaming music
3G
Up to 30 seconds
3 minutes or more Less than half a minute
Five minutes + before it starts
Up to 10 seconds before the
music begins
4G
Less than 1 second
About 25 seconds before it
starts
Less than 1 second before the
music begins
So, are there any
downsides?
Certainly your battery will drain much quicker
as 4G uses more power. This means you may
be charging your phone more regularly and
therefore using extra electricity to do so.
Of course having 4G itself is probably
going to be more costly depending on the
amount of data you want to get your hands
on. Consumer magazine Which? has found
that “you’ll have to spend at least £26 a
month.” As more networks have rolled out
the 4G service some enticing deals have
been offered. Even so, tariffs are typically
£5 a month more than with 3G.
And of course don’t forget to factor in the
possible costs of a new handset and accessories!
www.pfeg.org/MyMoneyWeek
Local reaction
The news that the introduction of 4G could
play havoc with local Freeview television
signals has prompted the biggest local reaction.
at800, an independent organisation,
has carried out a number of tests in
areas where 4G has been switched on and
found a small, but significant, number
of homes where TV reception has been
affected. They have recently circulated
potential “at risk” postcards to a number
of local houses and it is this which has
prompted an outcry by local residents.
George Casey of Ford Avenue commented:
“Apparently I can buy a special
filter which will reduce the impact of 4G
on my Freeview service, but why should
I? It’s just a money creation scheme!”
“I’m not someone who wants or needs 4G
but I do love my telly,” said Jane Nugent from
the Bramley Estate. “Why should I suffer
just because someone else can’t wait a few
extra seconds for their emails to arrive?”
Another local resident, Sarita Leyton,
felt differently. “People round here need
to get in the 21st century,” she commented.
“High speed connections are the way
forward and after all if you want to watch
TV you can do it on your phone.”
A Question Time style meeting has
been called at All Saints Church Hall on
Friday at 7.30pm when network provider
Q6 will be addressing residents’ concerns.
Prepared questions are invited from
members of the local community.

My Money Weekly • Secondary Edition • Finance Page 3
FINANCE
Plastic? Fantastic!
Cover story
Have you ever accidentally left “paper” money in your pocket and it’s ended up
in the washing machine? If you have you’ll know that what you’re left with is a
soggy unusable mush! A change to our currency in two years, however, means that
moist money may well be a thing of the past. The Bank of England has announced
that the current £5 and £10 paper notes will soon be printed on polymer, a thin
flexible plastic film.
In 1988 Australia became
the first country in the
world to issue a “plastic”
banknote. Despite some
early hitches they persevered
with the idea and by
1996 they became the first
country to have a full set of
polymer banknotes of all
denominations.
Countries to adopt polymer
banknotes are shown on
the map opposite
Canada
Mexico
Guatemala
Dominican Republic
Brazil
Paraguay
Chile
Zambia
Romania
Israel
Nepal
Vietnam
Thailand
Bangladesh
Malaysia Brunei
Papua New Guinea
Sri Lanka
Singapore
Indonesia
Solomon Islands
Samoa
New Zealand
A £5 note featuring Sir Winston
Churchill will be the first of this new plastic
money being issued in 2016. This will be followed
around a year later by a new £10 note
showing the writer Jane Austen.
A number of other countries have
already made the big switch, starting with
Australia in the 90s. Following a threeyear
research programme by the Bank
of England which looked at our current
“paper” money (which is actually made
out of a form of cotton) it has been decided
that a big change for the UK is now in
order for a number of reasons.
Polymer banknotes are more resistant
to dirt and moisture and can be wiped
www.pfeg.org/MyMoneyWeek
down. So they will stay cleaner and are
more hygienic.
They will be more durable so each note
will be in circulation for longer. This will
eventually cut the cost of producing the notes.
The new technology will allow more sophisticated
“security features” to be used.
Bad news for forgers; good news for the
UK economy!
Bank of England Governor Mark
Carney said: “Ensuring trust and confidence
in money is at the heart of what
central banks do. Polymer notes are the
next step in the evolution of banknote
design to meet that objective. The quality
of polymer notes is higher, they are more
secure from counterfeiting, and they can
be produced at lower cost to the taxpayer
and the environment.” Mr Carney became
Governor in summer 2013 having previously
worked as Governor of the Bank of
Canada where the transition to polymer
banknotes has recently been completed.
The new notes will still feature the
Queen and they will be slightly smaller
than the current ones so there will be no
need to splash out on another wallet or
purse. However, they will certainly feel
different and be more resistant to general
wear and tear. And yes, they will survive
a spin in the washing machine. Just don’t
try to iron them afterwards!

My Money Weekly • Secondary Edition • Entertainment Editorial Page 4
ENTERTAINMENT
EDITORIAL
It’s the latest blockbuster –
the price of a cinema ticket
I went to the cinema recently. Nothing unusual in that you may be thinking. Well, no,
except I didn’t realise I’d need to take out a bank loan in order to pay for the tickets!
OK, that’s a bit of an exaggeration but seriously
why is it so expensive these days?
Having missed it first time around I
wanted to take my wife and two kids to see
multi-Oscar winner Gravity last Saturday
(the only day we could go) and went online
The whole trip cost
us the best part of 100
quid. No wonder cinema
attendance is falling!
to book. The basic tickets came to £28.90
– we didn’t qualify for any of the family
ticket discounts as our eldest is 14. Of
course this particular movie is something
that cries out to be seen in 3D to get the full
effect. This increased the price to £35.40
and with four sets of 3D glasses that came
to £39.40. Unfortunately (for my wallet)
they only had something called premiere
seating left which bumped the price up to
£45.80. Breathing a sigh of relief I pressed
the “Finished” button only to find the final
straw – a charge of 21 pence for a credit
www.pfeg.org/MyMoneyWeek
card handling fee! What’s that all about?
So a grand total of £46.01... and that’s
before adding in the costs of driving the
car to the cinema, paying the local council’s
parking charge, the cost of hiring a
baby sitter for our youngest, the sweets
and drinks we had during the film, the
pizza we went for after the film…etc. etc.
The whole trip cost us the best part of
100 quid. No wonder cinema attendance
is falling! Cinema admissions in January
this year were down from 17,081,700 in
2013 to 13,554,905 – a fall of 20.6%*
So why does it cost so much? Apparently
the film companies have a lot to answer
for. They spend millions making films
these days and expect a good return on
their investment which is paid for by us,
the punters. And although the average cost
of a cinema ticket in 2013 was only £6.53,
in practice we generally pay a lot more.
Cinema chains lease the films from the
film company which take a large percentage
of the ticket sales. The cinemas are left
with a small percentage, and so have to get
round that by raising ticket prices, selling
“extras” and charging over the odds for
the soft drinks, popcorn and sweets we
buy once we’re there.
Here’s the thing, though – I’ll think twice
before splashing out the same amount on a
cinema trip again in the near future. If we
all start doing that won’t the cinemas have
to put up their prices even more to compensate
for the fewer customers? Isn’t it, in fact,
a bit of a vicious circle? The film industry
needs to do everything it can to encourage
us away from our home streaming, Blu-ray
players and internet content. Fairer pricing
would be one way of encouraging a return
to the real cinema experience.
*Figures from the Film Distributors
Association (www.launchingfilms.
com/research-databank/)
The Gambling Habit
A recent study reports that 42% of all
14 year olds have taken part in online
gambling. The study further found
that of 37 online sites investigated,
just 6 effectively blocked registration
of those technically underage.

My Money Weekly • Secondary Edition • Dr Poundsenpence’s Money Advice Column Page 5
DR POUNDSENPENCE’S
MONEY ADVICE COLUMN
Once again Dr Poundsenpence sorts through your replies to your fellow readers’
money worries and presents some of the best (and worst) replies
Dear Dr Poundsenpence
I have just been sent the following email. Do you think it is genuine?
Regards
Javinder Alvi
(aged 15)
Answer:
Dear Javinder
Looks to me like you’ve won a
competition. Good for you! You should
click on the link and download your
ticket right away. I do hope you’re off
somewhere nice. Send me a postcard
when you get there!
Peta Rowlands, Preston
A
Answer:
Dear Javinder
Though this looks quite genuine you
might want to stop and think – have you
actually entered a competition recently
and if so was it with UK Airways? If not
I can’t believe they are just giving away
tickets. You might want to search on
the internet to see if other people have
received the same thing and whether they
think it’s genuine. I’d be very cautious
about clicking on the links.
Sophie Granger, Glasgow
B
Answer:
Dear Javinder
This has got to be a scam; nobody gives
away free flight tickets. These sort of
“offers” are known as phishing; they are
sent out so that people will get excited and
click on a link. This either results in your
computer contracting a virus or allows
hackers access to your personal and
financial details. Here’s what to do – firstly
forward a copy of this email to phishing@
email.ukairways.com and they will
investigate it. Then delete the original and
any copies. Whatever you do, do not click
on any links. If you want to know more go
to www.actionfraud.police.uk/home
Hiro Kishimoto, Manchester
C
www.pfeg.org/MyMoneyWeek
More Money Advice Column on the next page...

My Money Weekly • Secondary Edition • Dr Poundsenpence’s Money Advice Column Page 6
DR POUNDSENPENCE’S
MONEY ADVICE COLUMN
Dear Dr Poundsenpence
My uncle emigrated to
Australia recently – I’m
really going to miss him
loads. He was also my
godfather and has kindly
given me £1,000 from the
sale of his house. Now I’m
trying to decide what to do
with it. My friends all have
lots of different ideas but
what would you advise?
Hannah Kirkby
(aged 13)
Answer:
Dear Hannah
One thousand big ones?! Aren’t you
lucky? The thing is, with this sort of
windfall it’s money you wouldn’t have
had otherwise so you’re not really going
to miss having it once you’ve spent it, are
you? How about treating all your friends
to a great day out at a theme park and
perhaps a party afterwards? I’d keep back
a bit for yourself and perhaps get yourself
some new gear or maybe a tattoo of your
uncle’s name. That would be a great way
to remember him and should pretty much
use up the money nicely. Oh yes – big soz
that you feel sad.
Maria Holt, Birmingham
A
Answer:
Dear Hannah
Sorry you’re going to miss your uncle but
the important thing right now is to deal
with this unexpected cash you’ve come
into. Whatever you do, don’t be tempted
into blowing it all on a spending spree.
All of the money should be put away in
a secure place and not touched until you
are at least 21. Adult life is built around
money and this windfall could help you
once you start to build up debts on credit
cards and the like. Ask your parents to
put the money in their bank account and
they can look after it for you until you’re
old enough to know what you’re doing.
Shane Gabalda, Swansea
B
Answer:
Dear Hannah
Missing a loved relative who is moving
far away is always hard but glad to hear
you’re thinking sensibly about the money
he’s left you with. As with most things in
life taking a sensible balanced approach
would be best. Perhaps you should think
about saving some of it to go towards your
higher education funding (I’m sure your
godfather would approve of that). Many
junior savings accounts have better rates
of interest (up to 6%) than those for adults.
Why don’t you do some research here
www.moneysavingexpert.com/savings/
child-savings-tax-free? However your
uncle would probably want you to spend a
bit on yourself too. Perhaps a nice watch
or piece of jewellery would be a good
buy – then you will be reminded of him
every time you wear it. Finally, how about
adopting a koala at the Australian Koala
Foundation? (www.savethekoala.com)
that way you too can feel like part of your
uncle’s Australian experience.
Shafilea Raza, Croydon
C
www.pfeg.org/MyMoneyWeek
More Money Advice Column on the next page...

My Money Weekly • Secondary Edition • Dr Poundsenpence’s Money Advice Column Page 7
DR POUNDSENPENCE’S
MONEY ADVICE COLUMN
Dear Dr Poundsenpence
I’ve just started a part time job as a shelf stacker in a local supermarket and
it’s great because I’m earning £3.50 per hour. But I can’t make head or tail of the
piece of paper I’ve been given with the money – I think it’s called a paysplit. What is
this and what’s the meaning of all those letters and numbers on it?
I’m Confused!
(Aged 17)
Answer:
Dear Confused
C
Answer:
Dear Confused
Great to hear you’ve landed a job. Now
you’ll be able to buy all the nice stuff that
you’ve no doubt been after. All you really
need to worry about is the final amount
that you can spend. The rest of it is all
pretty yawn making and BORINGGG!
There will be time enough to worry about
all that when you’re older.
For now just enjoy yourself!
Olivia Turner, Ipswich
A
Answer:
Dear Confused
Congratulations on getting the job. What
you’ve actually been given is a payslip
which gives you a breakdown of how
much you’ve earned. The two key words
to look for on it are gross and net and, of
course, the figures that go with them. A
lot of the rest is something you don’t need
to worry about too much straightaway.
Perhaps ask one of your workmates to go
through it with you or even your boss. I’m
sure they’ll know what they’re doing.
Best wishes
Ebele Rida, London
B
While it’s great you’re earning some
money the first thing I’d do is check that
it’s enough. The National Minimum
Wage is the minimum pay per hour you
are entitled to by law. For your age group
the minimum is actually £3.72. You can
find out more about this at www.gov.uk/
national-minimum-wage and there is a
section telling you what you can do about
it if you are being underpaid. As for “the
piece of paper” this is an important record
of your earnings known as a payslip and
you really need to know what all the
things on it mean. I suggest you visit The
Money Advice Service website and read
their article Understanding Your First
Payslip (www.moneyadviceservice.org.
uk/en/articles/understanding-your-firstpayslip)
This is all really essential stuff
to know if you are going to manage your
money and your life successfully. One
more thing – your payslips are important
documents so keep them somewhere safe.
Good luck.
Naomi Roberts, Blackpool
www.pfeg.org/MyMoneyWeek

My Money Weekly • Secondary Edition • Sport Page 8
SPORT
It’s deuce for Wimbledon
prize money
In recent years a lot has
been done to try and
make the prizes for male
and female achievement
at professional sporting
events more equal.
Wimbledon was one of the leaders in this
field, ensuring that prize money for male
and female winners was the same from
2007 onwards. In 2014 both the male and
female champions at the tennis tournament
will walk away with a whopping
£1.6 million.
Unfortunately this is not the case
amongst all sports, with some major differences
remaining in the amount of prize
money available for men and women. The
argument from some sporting associations
is that they just cannot afford to provide the
same level of prize money to the women’s
games as the level of income from these
events is a lot lower than that of the men’s
events. “It’s a simple question of economics”
said a representative from Sports UK.
Tennis is one of only a few sports which
have, in most cases, changed their prize
structure so that it is equal for both men and
women. These sports tend to be those in
which the men’s and women’s events attract
the same level of spectators, and sponsorship,
and therefore a similar level of income.
So, is the answer for more of us to watch
It’s a simple question of
economics
more women’s sport, thereby increasing
the income and in turn allowing prize
money to increase? This is the argument
of the sporting associations; however,
what if we reversed the process? Would
an increase in prize money encourage
more women to participate in professional
sport, which in turn would make it more
competitive and attract greater audiences?
It’s a chicken and egg scenario, or more
aptly a racquet and ball, but the general
public is pretty clear about the fact that
something needs to change in order for
sporting prizes to be more equal and
follow the example set by tennis.
Milk Wars
Head Says “No More School Proms!”
Supermarket giant Tresco is cutting
the price of a four pint carton of milk by
more than 28% today to £1. “This is one
of a whole range of money saving offers
we are introducing this month” said a
spokesperson. Other supermarkets are
likely to try and match this price.
www.pfeg.org/MyMoneyWeek
Bramley High School Head Teacher,
Alice Tobary, is considering a ban on all
future leavers’ events after an “unfortunate
incident” resulted in chaos earlier
this month. Police were called to the
school prom following complaints from
local residents of “a near riot”. Ms Tobary
commented, “Though we want to avoid
an outright ban, when the police become
involved I have no choice but to review
all options. “It is also rumoured that the
money to finance the event was mismanaged
by the Year 11 students left in
charge. More on this story as it develops.

My Money Weekly • Secondary Edition • Puzzles Page 9
PUZZLES
Wordoku
Wordoku is very similar to sudoku. Every letter for the Wordoku must appear once: in each of the columns, in each of the rows, and
in each of the nine boxes.
O T N X
Key Word
INCOME
TAX
C X A M
I M E O
O I M N
N A M I T
I E C X
O X I C
I C A O
T A M E
Shark Bite
Reginald Wheeler (47) a local “businessman” appeared in court
yesterday charged with illegal moneylending. Edward Harris,
of the Illegal Money Lending Team, stated “We are determined
to stamp out the unlawful practices of loan sharks as they
bring nothing but misery to others”. The case continues.
Local Savers
All secondary school children in Bramley will have a
special bank account opened in their name this year. The
local council will put £10 into a credit union account for
each child as an encouragement to young people to save
money. The total cost to the local taxpayer will be £30,000.
www.pfeg.org/MyMoneyWeek

My Money Weekly • Secondary Edition • Puzzles Page 10
PUZZLES
Money Cryptograms
Below are some famous proverbs/sayings about money. Decode the sayings
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
20 13 19
21
O
13
N
20 3 8 9
O
13 3 24
N
20
‘
7 2
R
19
O
13 14
O
13
N
20 7
R
19 3 3 24
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
24 3 26
13
F
24
O
3
O
3 11 13 18 16 7 21 25 2
O
3 18 4 8 13 1 4
25
O
3
O
3 18
P
26 13 1 10 4 6
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
5 4 22
10
H
22
E
4 13
E
4 3 19 9 18 19 8
C
5
H
22 10
H
22 3 9 7 23 19
23 15 13
E
4
E
4 16 8 9
C
5
H
22
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
17 9 15
L
9 8 8 25 5 10 14
14 26
E
17 2 8 12
www.pfeg.org/MyMoneyWeek
E
17 7 14 26
N
15 21 20 11 4
8 10 14 26
E
17 2
L
9
E
17 24 20
E
17
N
15
N
15 4
L
9 14 5 25
E
17
L
9 22
E
17 20
E
17 20 5
E
17 3 5 7
N
15 21
E
17

My Money Weekly • Secondary Edition • Puzzles Page 11
PUZZLES
Maths Gym Bank Balance
Work out the final balance on this bank account
Open a new bank account
£50.00 plus £10.00 bank bonus
Deposit £17.00
Withdraw £11.50
Deposit £13.00
Use debit card £29.99
Transfer from another account £75.00
Standing order £22.50
BALANCE
Target Word
Unscramble the above to form one nine
letter word (connected to finance) and as
many other words as you can of four letters
or more. Each letter may only be used
once in each word. Not allowed: plurals
by simply adding an “s”, proper nouns,
foreign words or superlatives (adding “er”
to an already existing word)
Bonus challenge:
There is another word (of four letters) also
connected to finance. Can you spot it?
TARGETS
45+
YOU’RE ON THE MONEY
35 - 44
A FAIR INVESTMENT
25 - 34
AVERAGE SALARY
15 - 24
LOW INTEREST RATE
5 - 14
MINIMUM WAGE
N A S
U R N
E C I
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