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Financial Choices Wellbeing Worksheet

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Financial Choices Wellbeing Worksheet worksheet preview

Financial Choices Wellbeing Worksheet

Money and wellbeing illustration

💰 Part 1: Financial Literacy and Wellbeing

1. What is financial literacy?

Knowing how to count money

Understanding how to manage money wisely

Having lots of money

Only spending money on wants

2. Which of these are examples of income? (Tick all that apply)

Pocket money from parents

Money spent on lunch

Birthday money from grandparents

Money earned from helping neighbours

3. How can poor financial choices affect your health and safety?
4. Complete this sentence: When making financial choices, it's important to prioritise _____________ and _____________ over less important items.
5. Which expense would be better for your wellbeing?

Spending $5 on lollies instead of lunch

Spending $5 on a nutritious lunch

Saving money by walking home alone in the dark

Skipping breakfast to buy a toy

📊 Part 2: Class Party Budget Challenge

Scenario: Your class is organising a party and you have been given $50 to spend. Use the price list below to create a budget that prioritises safety and wellbeing.

Price List:

• Healthy snacks (fruit, sandwiches): $15
• Soft drinks: $8
• Water bottles: $6
• First aid kit: $12
• Decorations: $10
• Music speaker: $20
• Party games: $8
• Lollies and chips: $12
• Paper plates and cups: $5

6. List the items you would buy and their costs:
Item: _________________________ Cost: $______
Item: _________________________ Cost: $______
Item: _________________________ Cost: $______
Item: _________________________ Cost: $______
Item: _________________________ Cost: $______
Total spent: $______
7. Why did you choose these items? How do they support safety and wellbeing?
8. What items did you decide NOT to buy and why?

🤔 Part 3: Reflection

9. Describe a real-life situation where making a good financial choice could improve your health or safety.
10. How might money worries affect someone's wellbeing?
11. What is one financial goal you could set to improve your wellbeing?

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