Results 1 to 8 of 8

Thread: Money Awareness

  1. #1
    Member
    Join Date
    Apr 2012
    Location
    Bingham, Nottinghamshire
    Posts
    16
    Thanks
    3
    Thanked 1 Time in 1 Post

    Money Awareness

    In cubs next week I am planning to run a money awareness session.

    I have previously run a session on managing household budgets which went down very well and a brief awareness that the Xbox 1 isn't something you must have and that it can be instantly afforded.

    I was thinking about a session on loans (it's scary how many know about Wonga etc).

    Has anyone ran anything similar or have any other ideas?

    Thanks, YIS
    Adrian
    Cub Scout Leader, Gemini Pack,
    1st Bingham
    www.1stbinghamscouts.org.uk


  2. #2
    CTCSL / GSL sitb2000's Avatar
    Join Date
    May 2003
    Location
    Shepshed, United Kingdom
    Posts
    910
    Thanks
    14
    Thanked 104 Times in 81 Posts
    Simon Parr
    Group Scout Leader - 1st Nanpantan Scouts
    County Cub Scout Leader - Leicestershire Scouts

  3. The Following User Says Thank You to sitb2000 For This Useful Post:

    adriant (12-03-2014)

  4. #3
    Wandering ESL
    Join Date
    Feb 2013
    Posts
    494
    Thanks
    30
    Thanked 105 Times in 59 Posts
    We demonstrated an interesting one of how interest can get silly... there was a loan company that offered rates of not quite 100% a month for short term stuff....

    Get a chess board, one grain of rice on month/square one, two grains on the next square etc....

    They will run out of space on about the 14th square I think assuming an average size chess board. If you do the numbers you don't have enough surface area on the entire Earth to accomodate all the rice on the 64th square, unless you use pudding rice when it just about fits....:-) Pointing out that the last square is only about five years into the load made some people realise credit is a double edged sword...
    Founder of the BBBS

    The Bring Bushfella Back Society. Join if you think he should stay. http://www.escouts.org.uk/forum/thre...ng-Cold-Turkey

  5. The Following User Says Thank You to Hagar_the_hairy For This Useful Post:

    adriant (12-03-2014)

  6. #4
    Member
    Join Date
    Apr 2012
    Location
    Bingham, Nottinghamshire
    Posts
    16
    Thanks
    3
    Thanked 1 Time in 1 Post
    Thanks Simon and Hagar - I wasn't aware of the NatWest resource pack and I like the idea of the rice.
    Adrian
    Cub Scout Leader, Gemini Pack,
    1st Bingham
    www.1stbinghamscouts.org.uk


  7. #5
    Member
    Join Date
    Apr 2012
    Location
    Bingham, Nottinghamshire
    Posts
    16
    Thanks
    3
    Thanked 1 Time in 1 Post
    I ran the planned money awareness session earlier this week and thought it went well.

    To give a demonstration on interest I used a variation of Hagar's chessboard but used Smarties as the currency - there was certainly a lot of interest in these, if not the context which seemed very difficult for the Cubs to grasp. The main feedback from this exercise was 'Loans are a con' so something useful may have been absorbed.

    For the main part of the evening we split into 4 group and did the Traidcraft Orange Trading game (easily found on a search engine), this went down very well and did see the Cubs really getting into it.
    Adrian
    Cub Scout Leader, Gemini Pack,
    1st Bingham
    www.1stbinghamscouts.org.uk


  8. #6
    Senior Member CambridgeSkip's Avatar
    Join Date
    Dec 2007
    Location
    Cambridge
    Posts
    2,129
    Thanks
    86
    Thanked 861 Times in 365 Posts
    Just did the rice and chess board on my fingers.

    Each time I got to 128 millions, billions etc I rounded down to 125 for arithmetical ease.

    At square 40 I got to 500 trillion grains! I stopped there because I don't actually know what the word for a thousand trillions is.

    Frightening.

  9. #7
    Senior Member dasy2k1's Avatar
    Join Date
    Dec 2008
    Posts
    2,096
    Thanks
    137
    Thanked 209 Times in 147 Posts
    Quadrillion, i thought of it in prefix terms, so 2^64 gives 18Exagrains of rice,
    Compared to the approximately 2EB of data that is transferred across the entire Internet every day
    ~~~~~~~~~~~~~~~~~~~~
    ACSL (Bagheera)
    74th Birmingham St Germains
    ~~~~~~~~~~~~~~~~~~~~


  10. #8
    Senior Member
    Join Date
    Jul 2011
    Posts
    747
    Thanks
    3
    Thanked 5 Times in 5 Posts
    2^63 because the first square contains 1 grain which is 2^0, not 2^1. /pedantic

    We also did the orange trading game and I think they got it although you do need a full pack or troop for it to work well.
    Last edited by MartinSykes; 21-03-2014 at 06:34 AM.
    Group Chairman, Webmaster, SSA
    1st Cuddington & Sandiway Scout Group
    www.candssg.ismysite.co.uk

Similar Threads

  1. Donor Awareness Badge
    By Ayers ESU in forum Scouting Talk
    Replies: 85
    Last Post: 08-09-2011, 11:32 AM
  2. Disability Awareness
    By Jerrers in forum Scouting Talk
    Replies: 18
    Last Post: 06-11-2009, 02:33 PM
  3. Disibility awareness Evening!!
    By *kimmy* in forum Scouting Talk
    Replies: 5
    Last Post: 01-11-2009, 05:22 PM
  4. Centenary Awareness
    By scottw in forum Scouting Talk
    Replies: 13
    Last Post: 05-01-2007, 02:36 PM
  5. Internet Awareness
    By Matt M in forum Scouting Talk
    Replies: 5
    Last Post: 18-09-2006, 08:36 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •