Module 6 Social Education Course Unit 1: A Place of my Own Unit 2: - - PDF document

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Module 6 Social Education Course

 Unit 1: A Place of my Own  Unit 2: Making Ends Meet  Unit 3: Account Options  Unit 4: Saving and Borrowing  Unit 5: Buying my Own Home  Unit 6: Understanding Insurance

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• examine what is involved in living independently;
• analyse the decision of moving away from home;
• Examine the personal needs and the costs of

moving out of home;

• practice and apply active investigation skills in the

local community.

• acquire knowledge on organising and managing
• ne’s own finances and expenditure.
• develop skills of budgeting, saving and borrowing.
• I prepared a step by step guide to leaving home and finding a

place to live. I included the different considerations that need to be taken into account.

• I conducted and recorded (audio, written etc.) an interview

with a young person living away from home on their own.

• I prepared a weekly budget for a young person living on his or

her own. I based this budget on the current weekly wage of a young person who has just started working.

• As part of a group, I participated in a discussion with a visitor

representing a Bank, Credit Union or Building Society, and reported on what I learned from the discussion.

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 Moving away from home (reasons, factors,

accommodation options, a place to rent;)

 Finding a place to live (Researching

accommodation options, tenancy agreements/leases, Rights/responsibilities

 Living away from home (Duties and Tasks,

problems and solutions, decorating and furnishing, Interview. Focus Ireland: A Place of My Own www.threshold.ie

• 1. look at the cost of a balanced diet per week;

2. investigate other items for living independently and calculate the cost per week and look at additional financial commitments that occur at irregular intervals;

• 3. investigate the financial systems available for helping people plan their expenditure

e.g. budget accounts, direct debits, savings accounts, etc.;

• 4. plan a comprehensive and realistic annual expenditure budget for a young person

living away from home based on actual costs and current starting pay scales;

• 5. draw up a list of leisure activities on limited finances.

Bank of Ireland “Financial Advice Guide”

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• identify the reasons for opening an account in a financial

institution;

• investigate the local Credit Union or have a visitor in and

report on the findings;

• complete the necessary forms for: joining the Credit Union,

and for lodging money or withdrawing money from the Credit Union;

• list the services provided by banking institutions;
• investigate the financial service provided by Building

Societies;

• complete the procedures for the following banking

transactions: opening an account, lodging money, withdrawing money, changing money from one currency to another, writing checques and using ATMs;

• investigate the financial services provided by the Post Office

and the advantages of using the Post Office;

• explore the various options for an investment of €1000.00.

Leaflets from banks, credit unions or financial regulator

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• explore the reasons for saving;
• investigate saving for a specific item;
• prepare a savings scheme;
• investigate the possibility of taking out a loan;

examine what percentage you generally end up paying back.

• Advantages and disadvantages of a hire purchase

agreement.

www.itsyourmoney.ie

• investigate the lending agencies providing finance for

house buyers;

• explore options and conditions attached to house loans

from building societies, banks, local authority etc.

• research the local house market for new and second

hand houses (local papers, daft.ie);

• investigate: bridging finance, mortgage tax relief,

home improvement grants; county council loans.

• describe the main steps and costs involved in buying a
• house. (Bring in local auctioneer).
• www.myhome.ie click on

advice

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• Examine the types of insurance available;
• explain– premium, insurance policy, insurance broker, etc.
• utline one type of insurance transaction;
• choice of transaction,
• what the transaction involves,
• details regarding the value of the item to be insured;

the value of the cover provided, premium costs.

• completed documentation (forms)
• expected benefits
• claim procedure.
• Price home, health and car insurance on 123.ie

www.iif.ie and www.iba.ie

• A Place of My Own-for the Taking Charge

Module, Leaving Certificate Applied by B. Gill, Focus Ireland, 1 Lord Edward Court, Dublin 8, www.focusireland.ie

• Social Education, Eilis Flood, Gill and Macmillan
• Youth Information Guides
• Paymaster – Resource pack, and “You’re in

Control” (video), Irish Bank’s Information Service.

• “Financial Advice Guide” Bank of Ireland
• Comhairle , Information fopr School leavers

available through citizens information centres.

• Financial Regulator office produces school packs
• n banking and saving. 01 224 4000

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 www.citizensinformation.ie (all aspects)  www.threshold.ie (housing)  www.myhome.ie (mortgages and finance)  www.itsyourmoney.ie (managing your money)  www.iif.ie and www.iba.ie (both insurance)  www.financialregulator.ie (banking options)

In your community you will find:

– banks, – building societies, – credit unions, – auctioneers, – citizens information, – credit advisors, etc

who are prepared to visit and distribute easy to follow material.