Clued-In is broken down into five distinct units. These are:
Money and Me
Money is often important to young people but it can create challenges and worries for them. This section helps students explore what money means to them. It will help students identify how important they perceive money to be, explore the different attitudes people have to money and reflect on the steps which can take to improve their relationship with money.
Spending and Budgeting
This section introduce the concept of ‘needs’ and ‘wants’, and discuss how these change as we move through different life stages. The section also develop students understanding of budgeting and make the financial implications of their personal choices. It also explores the factors which influence purchasing decisions. In relation to exercises, students are tasked with developing a budget for a number of teenagers. They are also given some real life budgetary scenarios and challenged to make ends meet when things don’t go as planned!
Credit and Debt
This section explores particular areas of personal finance. In relation to credit, it analyses the features of the various forms of credit available – personal loans, hire purchase, credit cards, mortgages, moneylenders etc. It explores the factors which lenders use to determine whether to issue credit and how damaging your credit rating can impact on a person’s ability to borrow. The section explores Good Debt (debt that is used for a productive purpose e.g. an education loan) and Bad Debt (unsustainable, high interest forms of credit). It examines credit cards in detail and highlights the advantages, disadvantages and dangers of not repaying credit card bills in full. Finally, it explores the causes of financial difficulty and the warning signs to be aware of. This section has a range of exercises through which students can explore the topics of credit and debt further.
The Role of Credit Unions
This section explores the role played by credit union in local communities. It highlights how credit unions differ from other financial institutions, with the not-for-profit, member service ethos at the heart of credit unions’ activities. It includes a number of exercises to examine students’ knowledge of credit unions and how they operate.
At the end of the resource, the students may choose to undertake a particularly project related to the above content. These projects are designed to reinforce key learning points of the module content.