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Description

Aim of activity

To help Scouts understand the basic concepts of loans, savings, stocks, shares, and ISAs, their benefits, and the risks associated with loans. By the end of the session, Scouts should start to understand how these financial concepts work in real life and how to manage them responsibly.

Resources

Printed visual aids with definitions of loans, savings, stocks, shares, and ISAs.
Printed roleplay cards.
Cones, hoops and objects for obstacle course.
Printed score card

Instructions

https://www.scouts.org.uk/activities/financial-adventure-challenge/

The Financial Adventure Challenge Game
Divide Scouts into teams (4-6 per team).
Each team will compete in the Financial Adventure Challenge obstacle course or relay race (depending on which you have set up).
They should start at the beginning of the course as a group.
One team race the other team to the end.
They will encounter roleplay cards showing different financial situations, along the way. When the team reach a card they should read it and decide on an answer. We have included the scenarios below.
If the team agree on an answer, they get 10 points. If they don't agree on an answer, they don't get the points.
When they have completed the first question, they can set off on their journey again and go through the rest of the obstacle course.
The winners are the fastest team to finish collecting all the roleplay cards with the most points and make it to the end of the course.
After the game, gather everyone around and hold a group reflection session to help Scouts understand what they learned.



Savings Card: "The New Bike"
Scenario: You want a new bike that costs £150, but you only have £50 saved up.
Question: Do you save up for a few more months or buy a cheaper bike now with your £50?
Action: If you decide to save, you'll need to wait 3 months to reach the full amount.


Loan Card: "The Emergency Loan"
Scenario: Your phone broke, and you need a new one for £200. You have £50 saved up. A friend offers to lend you £150, but you must pay them back in a month with £160.
Question: Do you take the loan or save for a few months to buy the phone without borrowing money?
Action: If you take the loan, you must pay back £160 in a month.


ISA Card: "The Long-Term Goal"
Scenario: You want to save for a big trip in 3 years. You can choose to put £100 in a regular savings account, or £100 in an ISA (which will grow tax-free).
Question: Which one do you choose and why?
Action: Think about which option would give you more money in the long run.


Stocks Card: "Investing in a New Company"
Scenario: You have £50 to spend. A new company is offering shares at £5 each. If the company does well, the shares might go up in value.
Question: Do you buy 10 shares, or do you save your £50 for something else?
Action: Consider the risks of investing in a company that might succeed or fail.


Loan Card: "The School Trip"
Scenario: You want to go on a school trip that costs £120. You only have £50. A family member offers to lend you the £70, but you must pay them back in two months with an extra £10 for interest.
Question: Do you take the loan, or do you save up your £50 and wait until you have enough money?
Action: If you take the loan, you will have to pay £80 back in total.


Savings Card: "The Weekend Away"

Tags

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Badge Links

• Money Skills - Feelings & Wellbeing
• Money Skills - Saving & Borrowing