Financial Capability across the Curriculum

The aims of Financial Capability are infused throughout the whole curriculum and all Areas of Learning are required to explore issues related to Economic Awareness. Below you will see examples of how Financial Capability can be incorporated into your programme of work and help you meet the statutory requirements in your subject.


Mathematics with Financial Capability

The minimum requirement for this Area of Learning states:

pupils should have opportunities, through the contexts opposite [Key Elements], to develop knowledge and understanding of personal finance issues and skills to enable competent and responsible financial decision-making, the application of mathematical skills to real life and work situations.

Learning for life & work - Personal Development

Personal Development
  • Explore and express a sense of self, e.g. examine the idea of personal responsibility in relation to the spending and borrowing of money.
  • Explore personal morals, values and beliefs, e.g. discuss the moral and ethical issues around spending and borrowing money.
  • Investigate the influences on a young person, e.g. become aware of what influences their spending - peer pressure, media, social and cultural trends, fears, anxieties, motivations, etc.
  • Investigate the influences on physical and emotional/mental personal health, e.g. examine the issue of stress caused by poor money management, consider how this would affect an individual or family.
  • Develop coping strategies to deal with challenging relationship scenarios, e.g. consider how to deal with financial difficulties such as a parent, Mother or Father, losing their job.

Learning for life & work - Home Economics

Home Economics
  • Develop a range of skills to promote independence through planning, managing and using resources, e.g., managing personal and household budgets.
  • Investigate a range of factors that influence consumer choices and decisions, e.g., media and advertising, peers, ethical issues, value for money, methods of payment, impulse and planned purchases, etc.
  • Investigate consumer rights, responsibilities and support available in a range of scenarios, e.g., making use of relevant legislation and consumer organisations, complaining effectively, etc.

Learning for life & work - Local & Global Citizenship

Local and Global Citizenship
  • Investigate how and why some people may experience inequality/social exclusion on the basis of their material circumstances in local and global contexts, e.g. consider the effects of absolute and relative poverty, homelessness, the experience of refugees and asylum seekers, etc.
  • Investigate an issue from a range of viewpoints and suggest actions that might be taken to improve or resolve the situation, e.g. examine how to improve local youth services, enhance an existing play area, design a community garden, campaign on global issues such as Education for All or Fair Trade and examine the cost implication of such a venture.

Learning for life & work - Education for Employability

Employability
  • Find out what makes an entrepreneur and develop an awareness of the challenges and benefits of building your own business, e.g. explore the kind of costs associated with opening your own business, examine the importance of good cashflow management for a new and/or existing business.
  • Describe different types of work and investigate the range of employment in the local area, including any changes in employment trends, taking account of the implications for career planning, e.g. find out about the main occupational sectors in Northern Ireland and consider how these change over time, how this affects your potential future earnings and lifestyle.
  • Explore the changing concept of career, e.g. find out about the range of jobs, consider the importance of developing transferable skills, explore the financial implications of changing jobs a number of times in your life as opposed to having a job for life.
  • other areas
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