A STUDY GUIDE BY KATY MARRINER- ABC

 
A STUDY GUIDE BY KATY MARRINER- ABC
http://www.metromagazine.com.au

http://theeducationshop.com.au
                                      A STUDY GUIDE BY
© ATOM 2018 ISBN: 978-1-76061-194-1    KATY MARRINER
A STUDY GUIDE BY KATY MARRINER- ABC
Eddie Woo with Christabel
                                                                                                                                            O’Neill and her family

Commissioned by ABC ME and produced by McAvoy Media, Teenage Boss is based on Norwegian public broadcaster NRK’s successful international format.

Hosted by star mathematics teacher, Eddie Woo, Teenage Boss sees
a range of teenagers from diverse families put in charge of the monthly
budget to teach them valuable lessons about financial responsibility
and planning. Under Eddie Woo’s mentorship, the teenagers
experience for the first time the ups, downs, fun and fear of the real
world financial challenges their parents have to face every day.

CONTENT HYPERLINKS

3     CURRICULUM LINKS                                        8      Vasanth                                           34     Mikayla

4     EPISODE SYNOPSES                                        11     Ellenor                                           37     Nick

4     EDDIE WOO                                               14     Byron                                             40     Elinya

5     MEET THE TEENAGE BOSSES                                 17     Susan                                             42     Ula

7     WHAT IS FINANCIAL LITERACY?                             19     Imogen                                            45     Mitchell

7     WHAT IS A BUDGET?                                       22     Michael                                           48     Hayley

7     FIXED AND VARIABLE COSTS                                25     Christabel                                  51    WHICH TEENAGE BOSS
                                                                                                                                                                © ATOM 2018

                                                                                                                       WAS THE BEST?
7     YOU BE THE TEENAGE BOSS                                 28     Dimity
                                                                                                                 52    TASKS
8     ACTIVITY SHEETS:                                        31     Harry
                                                                                                                 54    RECOMMENDED LINKS
                                                                                                                                                               2
A STUDY GUIDE BY KATY MARRINER- ABC
L-R: Mitchell Kwan; Bryon
                                                                                                                Kay; Christabel O’Neill

Curriculum links
Teenage Boss is an observational documentary series that can           knowledge and understanding of:
be used to teach students about the value of money and the im-
portance of financial literacy. Developing financial literacy skills   •   The nature, forms and value of money;
and capabilities is essential in ensuring that children and teenag-    •   the importance of financial literacy;
ers are able to make responsible and informed decisions and are        •   how to make responsible and informed decisions about
equipped to face financial challenges now and in the future.               money;
                                                                       •   the importance of savings;
The series is suitable viewing for students in Years 5 to 8.           •   how decisions about money and the management of money
Teachers of Years 5 and 6 may find the episodes that feature the           affects an individual’s and a family’s quality of life.
youngest participants are more appropriate for their students.
Teachers are advised to preview Teenage Boss prior to use in           In completing the tasks, students will have demonstrated the
the classroom.                                                         ability to:

There are fifteen episodes in the series. Each episode has a run       •   describe the spending and saving behaviours of the teenage
time of 26 minutes.                                                        bosses;
                                                                       •   analyse the financial decisions made by the teenage bosses;
This study guide to accompany Teenage Boss provides informa-           •   evaluate the effectiveness of the teenage bosses;
tion and suggestions for learning activities in:                       •   identify their own and their family’s financial priorities;
                                                                       •   identify their attitude to spending and saving;
•   English                                                            •   evaluate their spending and saving behaviours;
•   Mathematics                                                        •   compile a budget;
•   Humanities and Social Sciences                                     •   use their own written and spoken texts to explore ideas and
                                                                           issues and to clarify their own and others’ understanding;
Teenage Boss is also relevant to the teaching of the following         •   respond to a documentary series both personally and in
General Capabilities:                                                      detached and critical ways.

•   Literacy                                                           The activities featured in this study guide promote student
•   Numeracy                                                           engagement and active participation via individual reflection,
•   Ethical Understanding                                              class discussions and small group work. Multiple activities are
                                                                       provided to allow teachers to select those that will best suit the
Recommended link: https://www.australiancurriculum.                    demands of the subject and the needs of the students. Each of
edu.au/resources/curriculum-connections/portfolios/                    the fifteen episodes can be viewed as stand-alone programs.
                                                                                                                                            © ATOM 2018

consumer-and-financial-literacy/                                       There is an activity sheet for each episode. Suggested answers
                                                                       to the activity sheet tasks are provided.
In completing the tasks, students will have developed a
                                                                                                                                            3
A STUDY GUIDE BY KATY MARRINER- ABC
Episode synopses
EPISODE 1: When thirteen-year old Vasanth’s mum               EPISODE 9: Sixteen-year-old Harry is a country boy
gets sick while he is in charge of the family budget, he      who dreams of making it big as a film maker. When Harry
risks spending all he has saved to buy scooter accessories    takes control of his family finances for a month, his desire
to make her better.                                           to buy an expensive new camera with any savings ensures
                                                              his parents and sister are in for a very bumpy ride.
EPISODE 2: Thirteen-year-old Ellenor is a natural at
taking control, but when her family budget takes hit after    EPISODE 10: It’s a steep learning curve for thirteen-
hit during the month she is in charge, her dreams of saving   year-old Mikayla, when her own frivolous spending on
money for a brand new double bed quickly sour.                clothes and expensive foods tips her budget into debt. Will
                                                              she be able to save enough in the last two weeks of the
EPISODE 3: Every cent counts for thirteen-year-old            Teenage Boss experiment to drive her budget back into
Bryon as he takes over the family’s finances, but with mum    the black?
and dad refusing to listen tough rules need to be put in
place.                                                        EPISODE 11: With his little sister, Zoe along for the
                                                              ride, Nick is in for a big adventure as Teenage Boss. Zoe’s
EPISODE 4: With a massive birthday party to pay for           birthday party, Dad’s holiday and Mum’s makeup expens-
as part of her monthly expenses, fifteen-year-old Susan       es means that saving money from the family budget to buy
needs to juggle the family budget to save enough money        a new pair of soccer boots isn’t going to be easy.
for the awesome headphones she dreams of buying.
                                                              EPISODE 12: Elinya is old enough to be learning to
EPISODE 5: Imogen is a fifteen-year-old star of the           drive a car, but how will she go taking the wheel of her
stage, but as the teenage boss, her focus is saving money     family’s finances for a month given her mum’s ‘secret’
from the family budget. Her task is all the more difficult    spending and an avoidable vet bill for Missy the dog?
given her dad, a professional body builder, eats a fortune
in food every month.                                          EPISODE 13: When her family budget is hit with chal-
                                                              lenges, music fan Ula rises to the occasion. As Teenage
EPISODE 6: When fifteen-year-old Michael comes                Boss, she learns not just how to save money from her
home from his first shopping trip as teenage boss with a      family budget but how to make money to add to it.
brand new coffee machine and next to no food, his father
and brother are in for a rocky month indeed.                  EPISODE 14: Fourteen-year-old Mitchell is a whiz at
                                                              solving the most grown up maths problems and puzzles,
EPISODE 7: It’s a rock and roll life all the way for fan      but he soon learns that being the Teenage Boss of his
girl Christabel. By taking over the family’s modest income,   own family for a month is more about dealing with ‘people’
she hopes that she can save enough to buy the guitar she      puzzles.
craves, or better still afford a secret holiday for her mum
and three siblings.                                           EPISODE 15: Hayley loves Horses, and has her sights
                                                              set on running a business based on rescuing them, but
EPISODE 8: When thirteen-year-old Dimity becomes              with such massive dreams at stake her parents want to
the boss of her family for a month she quickly discovers      give her an expense-filled month as Teenage Boss to help
that unexpected school bills and her big brother and sister   her prepare.
make saving for make-up and clothes far harder than she
ever imagined.

Eddie Woo
EDDIE WOO, THE HOST OF TEENAGE BOSS, IS AN AUSTRALIAN MATHEMATICS TEACHER.
WOO IS THE HEAD MATHEMATICS TEACHER AT CHERRYBROOK TECHNOLOGY HIGH SCHOOL,
SYDNEY. HIS YOUTUBE CHANNEL HAS OVER 280,000 SUBSCRIBERS AND MORE THAN 14 MIL-
LION VIEWS WORLDWIDE. EDDIE IS A MENTOR FOR EACH OF THE TEENAGE BOSSES.

 RECOMMENDED LINKS

ABC iview: https://iview.abc.net.au/collection/1947
                                                                                                                             © ATOM 2018

Facebook: https://www.facebook.com/eddiew00
Instagram: https://www.instagram.com/misterwootube/?hl=en
Twitter: https://twitter.com/misterwootube?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
YouTube: https://misterwootube.com/
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A STUDY GUIDE BY KATY MARRINER- ABC
Meet the teenage bosses
Byron

‘THE PROBLEMS THAT I HAVE WITH MONEY IS THAT I DON’T
REALLY HAVE ENOUGH. I NEED MORE MONEY.’
Thirteen-year-old Byron wants to be a soccer superstar. He lives with
his car loving dad, Jaime, and sports mad mum, Anna.

Christabel

‘I THINK MUSIC IS THE BIGGEST THING IN MY LIFE.’
Fifteen-year-old Christabel lives with my mum, Andrea, her sisters
Catarina and Clarissa, and her brother Peter. Most of her money, and
her mum’s money, is spent on concert tickets.

Dimity

‘I HAVE QUITE EXPENSIVE TASTE IN CLOTHES.’
Dimity is a thirteen-year-old who loves sailing, playing the cello, and
spending money. She lives with her parents, her brother Yoti and her
sister Kat.

Elinya

‘I HAVE A VAGUE IDEA WHERE THE MONEY GOES EVERY
MONTH BUT I DON’T KNOW EXACTLY HOW MUCH IT COSTS
EACH TIME WE NEED SOMETHING DIFFERENT.’

Sixteen-year-old Elinya is learning to drive. While she is an expert
when it comes to spending on clothes, shoes and accessories, when it
comes to managing money her parents think she should still be on her
L plates.

Ellenor

‘I NEED MONEY FOR WHEN I GO OUT WITH FRIENDS, GO
SHOPPING, WATCH A MOVIE, OR SOME LOLLIES.’
Ellenor is a thirteen-year-old who loves shopping. Her other passion is
reading. Ellenor lives with her parents and her sister, Shelby.

Harry

‘ONE DAY I WOULD LOVE TO TRAVEL TO AMERICA.
EVERYTHING’S BIG IN AMERICA.’
Sixteen-year-old Harry is a videographer and aspiring filmmaker. He
has his sights set on leaving his family’s farm and finding fame in
Hollywood. Harry lives with his parents and his younger sister Ella.

Hayley

‘I ABSOLUTELY LOVE HORSES, ALWAYS HAVE. RIDING AND
HAVING THAT CONNECTION WITH THEM IS JUST DEFINITELY
                                                                          © ATOM 2018

SOMETHING THAT’S JUST ALWAYS BEEN THERE FOR ME.’

Fifteen-year-old Hayley is mad about horses but her obsession comes
with a huge price tag. Hayley lives with her parents and her older
brother Blake.                                                            5
A STUDY GUIDE BY KATY MARRINER- ABC
Imogen
‘DANCING IS A HUGE PART OF MY LIFE, I SPEND UP TO, LIKE, SIXTEEN
HOURS A WEEK DOING IT, AND I JUST LIVE FOR THE STAGE.’
Imogen is an energetic fifteen-year-old who loves to dance. She lives with her
father who is a professional body builder and her brother who is forging a career
as an actor.

Michael

‘SO I KIND OF NEED TO GET INTO THE SPIRIT OF SAVING MONEY.’
Fifteen-year-old Michael is better at spending than he is at saving. He lives in the
inner city with his father and his younger brother John.

Mikayla

‘I LIKE TO SPEND MY MONEY ESPECIALLY ON FASHION, SHOES, THE CINEMAS.’
Thirteen-year-old Mikayla has trouble holding on to money. As well as spending,
she loves playing sport and skateboarding. She lives with her parents, brother Kyle
and sister Teneal.

Mitchell

‘I DEFINITELY THINK MATHS IS EVERYTHING. IT’S SO INTERESTING.’
Mitchell is a thirteen-year-old maths whiz who has a lot to learn about real life
number crunching. He lives with his mother and his brother Koby.

Nick

‘MY FAVOURITE SPORTS WOULD BE AFL, SOCCER, AMERICAN FOOTBALL,
TAE KWON DO, TOUCH FOOTY, RUGBY LEAGUE, RUGBY UNION.’
Twelve-year-old Nick loves sport. He also loves spending money but not his own.
Nick’s bank balance is respectable but his parents think he needs to pay his way.
Nick lives with his parents and his younger sister Zoe.

Susan

‘I GO HARD IN EVERYTHING I DO AND I LOVE CHALLENGES. LIKE I’LL GIVE 150%.’
Fifteen-year-old Susan loves netball, hanging with friends and spending money.
Susan and her parents came to Australia as refugees from South Sudan in 2004.
Her sisters were born in Australia.

Ula

‘I REALLY WANT TO BE A PROFESSIONAL RECORDING ARTIST AND HAVE MY OWN ALBUMS.’
Fifteen-year-old Ula loves to sing. When she’s not singing, she is shopping. Ula
lives with her mum Lana and her dad Al.

Vasanth

‘I LOVE SCOOTERS. IF EVERYONE LIVED IN MY UTOPIA, EVERYONE WOULD BE JUST RIDING
SCOOTERS TO WORK. THERE WOULD BE A SKATE PARK WITHIN EVERY TWO KILOMETRES.’
                                                                                       © ATOM 2018

Vasanth is a thirteen-year-old with a passion for scooters. His other weakness
is cookies. Vasanth lives with his mother, Sathya, his father, Shan, and his older
brothers, Ananth and Jayanth.
                                                                                       6
A STUDY GUIDE BY KATY MARRINER- ABC
Fixed and
                                                                        variable costs
                                                                        The Teenage Bosses are responsible for the variable
                                                                        costs associated with their family budgets.

                                                                        •   What is a fixed cost? Give examples of the fixed
                                                                            costs that the Teenage Bosses are not responsible
                                                                            for.
                                                                        •   What is a variable cost? Give examples of the vari-
What is financial literacy?                                                 able costs that the Teenage Bosses are responsible
                                                                            for.
Financial literacy is defined by the OECD as:

‘Knowledge and understanding of financial concepts, and the
skills, motivation and confidence to apply such knowledge and
understanding in order to make effective decisions across a             You be the Teenage
range of financial contexts, to improve the financial wellbeing of
individuals and society, and to enable participation in economic
                                                                        Boss
life.’                                                                  Imagine if you were the Teenage Boss of all your
                                                                        family’s money and you could buy whatever you
Financially literate individuals can be expected to be able to          wanted, whenever you wanted, without having to
make decisions about finances based not only on their current           ask your parents, what sort of boss would you be?
needs but also on their anticipated future needs.
                                                                        1. Just like the Teenage Bosses, compile a budget
•   Financial literacy is the knowledge, skills and capability to un-      for your family. You are in charge of the family’s
    derstand how to manage money, build savings, make sound                budget for a fortnight.
    investment decisions, and manage debts.                             2. Before you begin, think about the decisions that
    How financially literate are you? Rate your financial literacy         the Teenage Bosses made and the outcomes
    on a scale of 0 to 10. 0 is the lowest score and 10 is the high-       of these decisions. Which Teenage Boss is
    est score. Give a reason for your rating.                              your role model? Which family featured in the
•   Eddie hopes that the Teenage Bosses will learn the ‘true               series is most like your family? Like the Teenage
    value’ of money. Do you think you know the ‘true value’ of             Bosses, you are only responsible for the variable
    money?                                                                 costs.
•   If you don’t have enough money to buy something you really          3. What is your savings goal? Your goal should be
    want what are you most likely to do?                                   something that your family will enjoy.
•   Do you have a bank account? Do you have a keycard? Do               4. Prepare a PowerPoint or Google Slides pres-
    you make your own deposits and withdrawals?                            entation that provides an explanation of the
•   Are you better at saving money or are you better at spending           budget. Present your presentation to your family.
    money?                                                                 With the help of a family member or friend, film
•   Do you have savings goals?                                             the presentation and your family’s reactions to
•   How do you earn money?                                                 your budget.
•   Who do you discuss money matters with?                              5. Like the Teenage Bosses, you are expected to
                                                                           plan the family’s meals for the fortnight and go
                                                                           grocery shopping. Make sure that you make a
What is a budget?                                                          photo or video diary of both tasks.
                                                                        6. Assign pocket money to each family member.
A budget is a spending plan that allows you to balance income              Make sure that they know what they have to do
and expenses. A budget allows you to determine in advance                  to earn their pocket money?
whether you will have enough money to do the things you need            7. Some of the Teenage Bosses, thought of simple
to do or would like to do. Following a budget is a way to track            and also creative ways to reduce their family’s
your spending. A budget is also a way to create savings and                spending. How can your family economise?
avoid debt.                                                             8. Keep a blog that documents your Teenage Boss
                                                                           experience. Your blog should provide written
•   Do you use a budget? Why or why not? Do you think a                    and visual evidence of your time as Teenage
    budget is a good idea?                                                 Boss. Make daily posts about the ups and
•   Does anyone in your family use a budget? Use your phone to             downs of being Teenage Boss.
                                                                                                                                  © ATOM 2018

    record a vox pop Q & A with a member of your family about
    whether or not they use a budget.

                                                                                                                                  7
A STUDY GUIDE BY KATY MARRINER- ABC
ACTIVITY SHEETS:

EPISODE 1

Vasanth
Vasanth is a teenager who knows exactly
what he wants but what he lacks is the
financial freedom to make it happen.
His mum and dad only give him money
when he needs it.

Age:

Family members:

                                                              4. Do Vasanth’s brothers think that he will be a good
1. List the items that Vasanth likes to spend his money on.      Teenage Boss?

2. What do Vasanth’s parents think about his spending          Vasanth’s family spend $9345 a month. He is surprised to learn that
   habits?                                                     his family spends so much money every month and he feels both
                                                               excited and nervous about being responsible for such a large amount
                                                               of money. If there is any money left at the end of the month, Vasanth
                                                               can decide how this money will be spent.

                                                              5. What is Vasanth’s saving goal?

3. What does Vasanth dream of spending money on?

                                                              After Eddie explains the family’s monthly expenses to
                                                              Vasanth, he plans the family’s budget for the month. He be-
                                                              lieves that his cuts to the family budget will result in a saving
                                                              of $195.

                                                              6. What decisions does Vasanth make about his family’s
                                                                 budget? Do you think his decisions are sensible? Give
                                                                 reasons.
                                                                                                                                       © ATOM 2018

Top: Eddie Woo gives Above: Vasanth
Kumaraligam with the cash
                                                                                                                                       8
A STUDY GUIDE BY KATY MARRINER- ABC
Vasanth and friend Thivyan Aravinthan do the family grocery shopping

                                                                 Now that he is Teenage Boss, Vasanth is in charge of gro-
                                                                 cery shopping. His plan is to spend approximately $100 on
                                                                 groceries for five days.

                                                                 7. Does Vasanth’s grocery shopping go to plan? What does
                                                                    he learn?

What do Vasanth’s parents and brothers think about his deci-
sions to reduce spending on home maintenance, groceries,
takeaway meals and entertainment? Why?

                                                                 Rate Vasanth’s grocery shopping on a scale from 0 to 10. 0
                                                                 is the lowest score and 10 is the highest score. Give a reason
                                                                 for your rating.
                                                                 0    1     2     3     4     5     6       7   8     9      10

                                                                 Are his family happy with his purchases?
                                                                                                                                  © ATOM 2018

                                                                                                                                  9
A STUDY GUIDE BY KATY MARRINER- ABC
From top: Vasanth brings the
                                                                shopping home and shows his
                                                                mother Sathya the shopping;
                                                                Eddie Woo and Vasanth
                                                                Kumaralingam

                                                                                                                 10.
                                                                                                               Watch
                                                                                                             the Budget
                                                                                                               Reveal.

                                                                Money saved: $

                                                                 What has Vasanth learnt during his time as Teenage Boss?

Vasanth’s mum goes shopping. She spends $75 on things for
the house and garden. She also wants more money to buy
potting mix. Vasanth’s brothers spend $221.98 on concert
tickets. His family also buy takeaway for dinner without ask-
ing his permission.

8. How does Vasanth respond to these expenses?

                                                                 What have Vasanth’s parents and brothers learnt about their
                                                                 spending habits?

Vasanth asks Eddie for advice about how to control his fam-
ily’s spending. What are the outcomes of this conversation?

                                                                 How does Vasanth plan to spend the money that he has
                                                                 saved from the family budget?

9. Vasanth’s mum becomes ill and requires medication.
   Explain Vasanth’s view of this unexpected expense.

                                                                Rate Vasanth as a Teenage Boss on a scale from 0 to
                                                                10. 0 is the lowest score and 10 is the highest score.
                                                                Give a reason for your rating.
                                                                0    1     2     3     4     5    6     7     8     9       10
                                                                                                                                  © ATOM 2018

                                                                                                                                 10
Eddie Woo reveals cash to Ellenor Koch, mother Ronnie-Lee and father Paul

EPISODE 2                                                                3. What does Ellenor dream of spending money on?

Ellenor
Ellenor is a teenager who loves to spend money. She loves reading and
shopping, but when it comes to earning the money for the things she
wants, she lacks motivation.
                                                                         4. Does Ellenor’s family think that she will be a good
Age:                                                                        Teenage Boss?
Family members:

1. Each week, Ellenor receives $10 pocket money. List the
   items that Ellenor likes to spend her money on.
                                                                          Ellenor’s family spend $4,013 a month. She is excited to have control
                                                                          of so much money, especially because she will not have to ask her
                                                                          parents to fund her shopping adventures. If there is any money left
                                                                          at the end of the month, Ellenor can decide how this money will be
                                                                          spent.
2. What do Ellenor’s parents think about her spending
   habits?
                                                                         5. What is Ellenor’s saving goal?
                                                                                                                                                   © ATOM 2018

                                                                                                                                                  11
Now that she is Teenage Boss, Ellenor is in charge of grocery
                                                                 shopping. Her initial plan is to spend approximately $250,
                                                                 until she realises that this is what the family usually spend
                                                                 each fortnight.

                                                                 7. Does Ellenor’s grocery shopping go to plan? What does
                                                                    she learn?

After Eddie explains the family’s monthly expenses to Ellenor,
she plans the family’s budget for the month. She believes that
her cuts to the family budget will result in a saving of $394.

6. What decisions does Ellenor make about her family’s
   budget? Do you think her decisions are sensible? Give
   reasons.                                                      Rate Ellenor’s grocery shopping on a scale from 1 to 10. 1 is
                                                                 the lowest score and 10 is the highest score. Give a reason
                                                                 for your rating.
                                                                 0    1     2     3     4     5     6     7     8     9     10

What do Ellenor’s parents and sister think about her deci-
sions to reduce spending? Why?
                                                                                                                                  © ATOM 2018

                                                                 From top: Ellenor Koch with Eddie Woo; Ellenor’s parents
                                                                 after Eddie gives her the briefcase of the monthly budget
                                                                                                                                 12
10.
                                                                       Watch
Are Ellenor’s family happy with her purchases?                       the Budget
                                                                       Reveal.

                                                                             Money saved: $

                                                                              What has Ellenor learnt during her time as Teenage Boss?

8. Ellenor asks Eddie for advice about how to manage her
   spending without compromising her savings. What are the
   outcomes of this conversation?

                                                                              What have Ellenor’s parents and sister learnt about their
Ellenor’s mum creates havoc when she shows Ellenor the ex-
                                                                              spending habits?
cess water bill for $140.75 and the bill for her father’s security
licence for $140.

9. How does Ellenor respond to these expenses?

                                                                              How does Ellenor plan to spend the money that she has saved
                                                                              from the family budget?

                                                                             Rate Ellenor as a Teenage Boss on a scale from 1 to
                                                                             10. 1 is the lowest score and 10 is the highest score.
                                                                             Give a reason for your rating.
                                                                             0    1      2     3     4     5      6     7     8     9     10
                                                                                                                                               © ATOM 2018

                                                                             Left: Ellenor Koch with the
                                                                             breifcase full of cash

                                                                                                                                            13
4. Do Byron’s parents think that he will be a good Teenage
                                                                               Boss?
EPISODE 3

Byron
Byron’s goal in life is to become a professional soccer player. Pursuing
this ambition is expensive, particularly for Byron’s parents. Byron
prefers to save his money rather than spend it. His other goal in life is
to one day own a green Kombi van.                                            Byron’s family spend $2308 a month. Having learnt about how his
                                                                             family spends money, he is ready for the challenge of being Teenage
Age:                                                                         Boss. If there is any money left at the end of the month, Byron can
                                                                             decide how this money will be spent.
Family members:

                                                                            5. What is Byron’s saving goal?

1. List the items that Byron likes to spend his money on.

2. What do Byron’s parents think about his spending habits?

3. What does Byron’s father mean when he says that Byron
   ‘thinks money grows on trees’?
                                                                                                                                                    © ATOM 2018

                                                                            From top: Bryon Kay with mother Anna Kay and father
                                                                            Jamie Kay; Byron Kay and Eddie Woo
                                                                                                                                                   14
After Eddie explains the family’s monthly expenses to Byron,
Byron plans the family’s budget for the month. He believes
that his cuts to the family budget will result in a saving of
$228.

6. What decisions does Byron make about his family’s
   budget? Do you think his decisions are sensible? Give
   reasons.

                                                                From top: Bryon Kay with mother Anna Kay, father Jamie
                                                                Kay and Eddie Woo; Byron Kay with the money

                                                                Now that he is Teenage Boss, Byron is in charge of grocery
                                                                shopping. His plan is to spend somewhere between $120
                                                                and $150 when he visits the supermarket.

What do Byron’s parents think about his budget decisions,       7. Does Byron’s grocery shopping go to plan? What does he
especially those related to pocket money? Why?                     learn?

                                                                Rate Byron’s grocery shopping on a scale from 1 to 10. 1 is
                                                                the lowest score and 10 is the highest score. Give a reason
                                                                for your rating.
                                                                0    1     2     3     4     5     6     7     8    9        10

                                                                Are his parents happy with his purchases?
                                                                                                                                   © ATOM 2018

                                                                                                                                  15
Left: Bryon Kay with mother
                                                                 Anna Kay and father Jamie Kay
                                                                                                                             10.
                                                                                                                           Watch
                                                                                                                         the Budget
                                                                                                                           Reveal.

                                                                  Money saved: $

                                                                   What has Byron learnt during his time as Teenage Boss?

When Byron sits down to review the family’s expenditure, he
finds unexpected receipts for lollies purchased by his father.
He also questions the amount of money his mother spends
on coffee and cake, along with her impromptu shopping trips.

8. How does Byron attempt to change his parents’ spending
   habits? Is he successful?

                                                                   What have Byron’s parents learnt about their spending habits?

When Byron’s mother asks him to pay the council rates and
                                                                   How does Byron plan to spend the money that he has saved
his father buys an expensive pool cleaner, Byron is uncertain
if there will be any cash left at the end of the month.            from the family budget?

9. What advice does Eddie give Byron about dealing with
   these unexpected expenses?

                                                                  Rate Byron as a Teenage Boss on a scale from 1 to 10.
What actions does Byron take to ensure that he can still          1 is the lowest score and 10 is the highest score. Give a
achieve his saving goal?                                          reason for your rating.
                                                                  0    1      2     3     4     5     6     7     8     9     10
                                                                                                                                    © ATOM 2018

                                                                                                                                   16
EPISODE 4

Susan
While Susan loves to spend money, the truth is that
it’s her parents’ money that she loves to spend.
Susan is persistent and will ask and ask again for
the cash she needs to make her next purchase.

Age:

Family members:

                                                                                                                               Susan Sogora
                                                                                                                             with the money

1. List the items that Susan likes to spend her money on.
                                                                        After Eddie explains the family’s monthly expenses to Susan,
                                                                        she plans the family’s budget for the month. She believes that
                                                                        her cuts to the family budget will result in a saving of $800.

                                                                        6. What decisions does Susan make about her family’s
2. What do Susan’s parents think about her spending                        budget? Do you think her decisions are sensible? Give
   habits?                                                                 reasons.

3. What does Susan dream of spending money on?

4. Do Susan’s parents think that she will be a good Teenage
   Boss?

                                                                        What do Susan’s parents and siblings think about her deci-
                                                                        sion to reduce spending on petrol and food? How do they
                                                                        react to Susan’s decisions about pocket money?

 Susan’s family spend $5050 a month. When she is given the
 briefcase of money, Susan feels like a millionaire and contemplates
 throwing a party for her friends. Her plans change when Eddie re-
 minds Susan that she does have some expenses to take care of first.
 If there is any money left at the end of the month, Susan can decide
 how this money will be spent.

5. What is Susan’s saving goal?
                                                                                                                                          © ATOM 2018

                                                                                                                                         17
Susan and her parents once lived in South Sudan. They came to
Australia as refugees in 2004. Every month, Susan’s parents send
money to relatives still living in South Sudan. How does this expense
impact on Susan’s budget?

                                                                            10.
                                                                          Watch
Now that she is Teenage Boss, Susan is in charge of grocery shop-       the Budget
ping. With six people to feed, Susan’s family usually spends $1400 a      Reveal.
month on groceries. Susan plans to spend approximately $1000 on

                                                                             Money saved: $
groceries while she is Teenage Boss.

7. Does Susan’s grocery shopping go to plan? What does she learn?
                                                                              What has Susan learnt during her time as Teenage Boss?

Rate Susan’s grocery shopping on a scale from 1 to 10. 1 is the low-
est score and 10 is the highest score. Give a reason for your rating.
0     1      2      3      4     5      6      7      8      9     10

                                                                              What have Susan’s parents and siblings learnt about
                                                                              their spending habits?

Are her family happy with her purchases?

                                                                              How does Susan plan to spend the money that she has
                                                                              saved from the family budget?

8. Why does Susan have to rethink her budget? What changes does
   she make? How do these changes impact on her saving goal?

                                                                             Rate Susan as a Teenage Boss on a scale from 1
9. Susan is responsible for planning her mother’s birthday celebra-          to 10. 1 is the lowest score and 10 is the highest
   tion. How does Susan spend the $200 she has allocated for this            score. Give a reason for your rating.
   event? What other decisions does she make to ensure that the              0       1   2   3    4     5     6    7     8    9     10
   celebration is a success?
                                                                                                                                          © ATOM 2018

Above: Simon and Anizia Sogora
                                                                                                                                         18
Imogen Van-Stolk with Eddie Woo

EPISODE 5                                                                   3. What does Imogen dream of spending money on?

Imogen
For Imogen, dancing is an expensive and time consuming hobby. She
may live for the stage but it is her father who foots the bill for all of   4. Does Imogen’s father and brother think that she will be a
Imogen’s dance related expenses. Imogen is quite surprised when she            good Teenage Boss? List their concerns.
discovers that her hobby costs $1000 a month.

Age:

Family members:

                                                                             Imogen’s family spend $4138 a month. When Imogen’s brother
                                                                             Josiah learns how much money Imogen is in charge of, he is jealous.
1. List the items that Imogen likes to spend her money on.                   For Imogen, who has never compiled a budget before, her first day as
                                                                             Teenage Boss is ‘insane’. If there is any money left at the end of the
                                                                             month, Imogen can decide how this money will be spent.

                                                                            5. What is Imogen’s saving goal?
2. What does Imogen’s father think about her spending
   habits?

                                                                            After Eddie explains the family’s monthly expenses to
                                                                            Imogen, she plans the family’s budget for the month. She
                                                                                                                                                       © ATOM 2018

                                                                            believes that her cuts to the family budget will result in a sav-
                                                                            ing of $500.

                                                                                                                                                      19
What do Imogen’s father and brother think about her deci-
                                                           sions to reduce spending on groceries, the family pet and
                                                           clothing? Are her father and brother happy with Imogen’s
                                                           decision about pocket money?

6. What decisions does Imogen make about her family’s
   budget? Do you think her decisions are sensible? Give
   reasons.

                                                           Now that she is Teenage Boss, Imogen is in charge of grocery
                                                           shopping. Her plan is to spend $1400 rather than the usual
                                                           $1600 on groceries. She hopes that her first shop will cost
                                                           less than $350.

                                                           7. Does Imogen’s grocery shopping go to plan? What does
                                                              she learn?

                                                                                                                           © ATOM 2018

From top: Imogen Van-Stolk with Eddie Woo; Eddie
woo with Marinus, Imogen and Josiah Van-Stolk
                                                                                                                          20
10.
                                                                  Watch
Rate Imogen’s grocery shopping on a scale from 1 to 10. 1 is    the Budget
the lowest score and 10 is the highest score. Give a reason       Reveal.
for your rating.
0    1     2     3     4     5     6     7     8    9     10
                                                                        Money saved: $

                                                                         What has Imogen learnt during her time as Teenage Boss?

Are her father and brother happy with her purchases?

                                                                         What have Imogen’s father and brother learnt about their
                                                                         spending habits?

Imogen sees a movie with her dance studio and goes ice
skating with her friends. Josiah decides to go to the movies
as well. When Imogen calculates the cost of their outings,
she realises that she has overspent on entertainment by $80.

8. Imogen asks Eddie for advice about how to get the
   budget back on track. What are the outcomes of this                   How does Imogen plan to spend the money that she has
   conversation?                                                         saved from the family budget?

Imogen’s father discovers a love for clothes shopping. Josiah
buys contacts because he doesn’t want to wear his glasses.
Then there is the unexpected bill for roadside assistance and           Rate Imogen as a Teenage Boss on a scale from 1 to
some mechanical work on both cars.                                      10. 1 is the lowest score and 10 is the highest score.
                                                                        Give a reason for your rating.
9. Describe Imogen’s response to these unexpected ex-
   penses. Where does she find the money to cover these                 0    1     2     3      4     5     6     7     8     9     10
   costs?
                                                                                                                                         © ATOM 2018

                                                                                                                                     21
Eddie Woo with Michael
Maker, his father
Gabriel Maker and
brother John Maker

     EPISODE 6                                                               Michael has a part time job and has just received his first pay.
                                                                             Does he spend his earnings wisely?

     Michael
     Michael is honest about his spending habits. He admits that when it
     comes to buying ‘something stupid’, he is an expert. The kazoo he
     bought for seven dollars is in his opinion the ‘worst seven bucks’ he
     has spent in his ‘entire life’.
                                                                             4. Does Michael’s father and brother think that he will be a
     Age:                                                                       good Teenage Boss?

     Family members:

     1. List the items that Michael likes to spend his money on.
                                                                              Michael’s family spend $2520 a month. He tells Eddie that being
                                                                              Teenage Boss is going to be the best month of his life. If there is any
                                                                              money left at the end of the month, Michael can decide how this
                                                                              money will be spent.
     2. What does Michael’s father think about his son’s spend-
        ing habits?                                                          5. What is Michael’s saving goal?

     3. What does Michael dream of spending money on?
                                                                                                                                                         © ATOM 2018

                                                                             After Eddie explains the family’s monthly expenses to
                                                                             Michael, Michael plans the family’s budget for the month. He
                                                                             believes that his cuts to the family budget will result in a sav-
                                                                             ing of $555.
                                                                                                                                                        22
6. What decisions does Michael make about his family’s
   budget? Do you think his decisions are sensible? Give
   reasons.

                                                             From top: Michael Maker; Eddie Woo

What do Michael’s father and brother think about his deci-
sions to reduce spending on food and entertainment?          Now that he is Teenage Boss, Michael is in charge of grocery
                                                             shopping. His plan is to reduce spending on groceries from
                                                             $1000 to $750. On his first shop, he hopes to not spend over
                                                             $200.

                                                             7. Does Michael’s grocery shopping go to plan? What does
                                                                he learn?

                                                             Rate Michael’s grocery shopping on a scale from 1 to 10. 1 is
                                                             the lowest score and 10 is the highest score. Give a reason
                                                             for your rating.
                                                             0    1     2     3     4     5     6     7     8     9    10
                                                                                                                              © ATOM 2018

                                                                                                                             23
9.
                                                                             Watch
                                                                           the Budget
                                                                             Reveal.

                                                                    Money saved: $

                                                                     What has Michael learnt during his time as Teenage Boss?

                                            Above: Eddie Woo with
                                                    Michael Maker

Are his father and brother happy with his purchases?
                                                                     How does Michael plan to spend the money that he has saved
                                                                     from the family budget?

Michael can’t resist going shopping. He spends money on
a shirt, board shorts, shoes and more coffee pods but can’t
be bothered to track his spending. After two weeks of reck-
less spending, Michael has no idea how much money is
left. When his father tells him that he has to pay a $648 fine,      Rate Michael as a Teenage Boss on a scale from 1 to 10. 1 is
Michael is forced to take being the boss seriously.                  the lowest score and 10 is the highest score. Give a reason for
                                                                     your rating.
8. What advice does Eddie give Michael about getting his
   budget back on track?
                                                                    0     1     2     3      4     5     6      7     8     9      10

                                                                    Do you think Michael will make more sensible decisions
                                                                    about spending and saving in the future? Why or why
What are the outcomes of this conversation?                         not?
                                                                                                                                         © ATOM 2018

                                                                                                                                        24
EPISODE 7

Christabel
Christabel admits that she often argues with her
mother about money. While music is the biggest thing
in Christabel’s life, her mother has to find the money to
pay for the tickets to the never ending list of concerts
that Christabel wants to attend and the concert
merchandise that she just has to have.

Age:

Family members:

1. List the items that Christabel likes to spend her money
   on.
                                                              Christabel’s family spend $2115 a month. Her first thought when she
                                                              sees the briefcase of money is concert tickets! If there is any money
                                                              left at the end of the month, Christabel can decide how this money
                                                              will be spent.
2. What does Christabel’s mother think about her spending
   habits?                                                   5. What is Christabel’s saving goal?

                                                             After Eddie explains the family’s monthly expenses to
                                                             Christabel, she plans the family’s budget for the month. She
                                                             believes that her cuts to the family budget will result in a sav-
3. What does Christabel dream of spending money on?
                                                             ing of $670.

                                                             6. What decisions does Christabel make about her family’s
                                                                budget? Do you think her decisions are sensible? Give
                                                                reasons.

4. Do Christabel’s siblings think that she will be a good
   Teenage Boss?

                                                                                                                                       © ATOM 2018

From top: Eddie Woo with Christabel O’Neill, her mother
Andrea and two sisters, Catarina (13) and Klarisa (11);
Eddie Woo with Christabel O’Neill
                                                                                                                                      25
Eddie Woo with Christabel O’Neill, her mother Andrea and two sisters, Catarina (13) and Klarisa (11)

7. What does Christabel’s mother think about her decisions       8. Does Christabel’s grocery shopping go to plan? What
   to reduce spending on groceries and to decrease her              does she learn?
   sister Cat’s pocket money? What does Cat think about
   having less to spend each month?

                                                                 Rate Christabel’s grocery shopping on a scale from 1 to 10. 1
                                                                 is the lowest score and 10 is the highest score. Give a reason
                                                                 for your rating.
                                                                 0     1    2     3     4     5     6     7     8     9     10

                                                                 Are her family happy with her purchases?
                                                                                                                                   © ATOM 2018

Now that she is Teenage Boss, Christabel is in charge of gro-
cery shopping. Her plan is to spend $600 rather than $840 on
groceries for the month. She hopes to spend less than $160
on her first visit to the supermarket.
                                                                                                                                  26
From top: Christabel O’Neill;
                                                               Eddie Woo with Christabel
                                                               O’Neill
                                                                                                                         10.
                                                                                                                       Watch
                                                                                                                     the Budget
                                                                                                                       Reveal.

                                                                  Money saved: $

                                                                   What has Christabel learnt during her time as Teenage
                                                                   Boss?

Christabel does not budget for any unexpected expenses.
Before her week as Teenage Boss has really started,
Christabel has to find money for a vet bill of $62.66. She
splurges $90 on concert merchandise. Then there is her
mothers’ request for $285 to pay for the car to be serviced.

9. Where does Christabel find the money to pay for these
   unexpected expenses?
                                                                   What has Christabel’s family learnt about their spending
                                                                   habits?

                                                                   How does Christabel plan to spend the money that she has
Christabel asks Eddie for advice about how to manage the           saved from the family budget?
budget. What are the outcomes of this conversation?

                                                                   Were you surprised by her decision?

                                                                  Rate Christabel as a Teenage Boss on a scale from
                                                                  1 to 10. 1 is the lowest score and 10 is the highest
                                                                  score. Give a reason for your rating.
                                                                  0    1     2     3     4     5     6     7     8     9      10
                                                                                                                                    © ATOM 2018

                                                                                                                                   27
Eddie Woo with Dimity Xenos

EPISODE 8                                                      3. What does Dimity dream of spending money on?

Dimity
When it comes to clothes, makeup and accessories, Dimity has
expensive taste and not enough pocket money.                   4. Do Dimity’s siblings think that she will be a good Teenage
                                                                  Boss?
Age:

Family members:

1. List the items that Dimity likes to spend her money on.
                                                                Dimity’s family spend $5397 a month. When Dimity learns that she
                                                                is going to be in charge of spending such a large sum of the money,
                                                                she is ‘super excited’ about the opportunity to control the family’s
                                                                finances. If there is any money left at the end of the month, Dimity
                                                                can decide how this money will be spent.

2. What do Dimity’s parents think about her spending
   habits?                                                     5. What is Dimity’s saving goal?

                                                               After Eddie explains the family’s monthly expenses to Dimity,
                                                               Dimity plans the family’s budget for the month. She believes
                                                                                                                                        © ATOM 2018

                                                               that her cuts to the family budget will result in a saving of
                                                               $1360.

                                                                                                                                       28
Now that she is Teenage Boss, Dimity is in charge of grocery
                                                           shopping. Her plan is to spend a lot less on food.

                                                           7. Does Dimity’s grocery shopping go to plan? What does
                                                              she learn?

Frlom top: Dimity Xenos; Eddie Woo                         Rate Dimity’s grocery shopping on a scale from 1 to 10. 1 is
with Dimity Xenos
                                                           the lowest score and 10 is the highest score. Give a reason
                                                           for your rating.
                                                           0    1     2     3     4     5     6     7     8     9     10
6. What decisions does Dimity make about her family’s
   budget? Do you think her decisions are sensible? Give
   reasons.

                                                           Are her family happy with her purchases?

What do Dimity’s family think about
her decisions to reduce spending,
especially the distribution of pocket
money?
                                                                                                                            © ATOM 2018

                                                           From top: xxx
                                                                                                                           29
10.
                                                                   Watch
8. Dimity decides that she can save money by reducing the        the Budget
   family’s use of electricity and gas. What do her family         Reveal.
   think of this decision and the rules about the use of these
   services? Are they prepared to change their behaviour?

                                                                         Money saved: $

                                                                          What has Dimity learnt during her time as Teenage Boss?

                                                                          What has Dimity’s family learnt about their spending habits?

9. When Dimity learns that her family is spending $445 on
   phones and pay TV every month, she investigates. What
   is the outcome of Dimity’s investigation?

                                                                          How does Dimity plan to spend the money that she has saved
                                                                          from the family budget?

                                                                         Rate Dimity as a Teenage Boss on a scale from 1 to 10.
                                                                         1 is the lowest score and 10 is the highest score. Give
                                                                         a reason for your rating.
                                                                         0    1      2     3     4     5     6     7     8     9         10
                                                                                                                                              © ATOM 2018

                                                                     Left: Eddie Woo with Dimity Xenos

                                                                                                                                          30
4. Does Harry’s sister think that he will be a good Teenage
                                                                               Boss?
EPISODE 9

Harry
Harry wants a new video camera but the models that he is interested in
are out of his price range. With a price tag of $2000, Harry will have to
save for a long time before he can afford to upgrade his technology.
                                                                             Harry’s family spend $3071 a month. He understands that managing
Age:                                                                         this sum of money is a big responsibility. If there is any money left
                                                                             at the end of the month, Harry can decide how this money will be
Family members:
                                                                             spent.

                                                                            5. What is Harry’s saving goal?

1. List the items that Harry likes to spend his money on.

2. What do Harry’s parents think about his spending habits?

3. What does Harry dream of spending his money on?
                                                                                                                                                      © ATOM 2018

                                                                            From top: Eddie Woo with Harry Lodge;
                                                                            Eddie Woo with Harry Lodge
                                                                                                                                                     31
After Eddie explains the family’s monthly expenses to Harry,
Harry plans the family’s budget for the month. He believes that
his cuts to the family budget will result in a saving of $130.

6. What decisions does Harry make about his family’s
   budget? Do you think his decisions are sensible? Give
   reasons.

                                                                  From top: Harry Lodge, mother Kerry, father Greg and
                                                                  sister Ella Lodge; Harry Lodge

What do Harry’s parents and sister think about his decisions
to reduce spending, especially on pocket money?

                                                                  Now that he is Teenage Boss, Harry is in charge of grocery
                                                                  shopping. His plan is to reduce the grocery bill by $100. He
                                                                  has also decided to spend less on eating out and takeaway
                                                                  food.

                                                                  7. Does Harry’s grocery shopping go to plan? What does he
                                                                     learn?

                                                                  Rate Harry’s grocery shopping on a scale from 1 to 10. 1 is
                                                                  the lowest score and 10 is the highest score. Give a reason
                                                                  for your rating.
                                                                  0    1     2     3     4     5     6     7     8     9        10
                                                                                                                                      © ATOM 2018

                                                                                                                                     32
Left: Eddie Woo with Harry
                                                            Lodge, mother Kerry, father
                                                            Greg and sister Ella Lodge

                                                                                                                 10.
                                                                                                               Watch
                                                                                                             the Budget
                                                                                                               Reveal.

                                                            Money saved: $

                                                             What has Harry learnt during his time as Teenage Boss?

Are his family happy with his purchases?

                                                             What have Harry’s parents and sister learnt about their spend-
                                                             ing habits?

8. Harry’s mother continues to go shopping without
   consulting Harry. Unable to control her spending, he
   seeks Eddie’s advice. What are the outcomes of this
   conversation?

                                                             How does Harry plan to spend the money that he has saved
                                                             from the family budget?

9. Every year, Harry’s family attend River Days, a local
   festival. He has not included the event in his budget.
   How does Harry cope with this unexpected expense? Are
   Harry’s decisions fair?

                                                            Rate Harry as a Teenage Boss on a scale from 1 to 10.
                                                            1 is the lowest score and 10 is the highest score. Give a
                                                            reason for your rating.
                                                            0    1      2     3     4     5      6     7     8     9     10
                                                                                                                               © ATOM 2018

                                                                                                                              33
EPISODE 10

Mikayla
One of Mikayla’s life goals is to travel.
She wants to save money so that she
can go to Paris with her friends when
she is older but whenever Mikayla has
money it never lasts long. Mikayla needs
to learn how to manage money if her
dream is to come true.

Age:

Family members:

                                                              4. Do Mikayla’s siblings think that she will be a good
                                                                 Teenage Boss?
1. List the items that Mikayla likes to spend her money on.

2. What do Mikayla’s parents think about her spending          Mikayla’s family spend $4850 a month. When Eddie explains the
   habits?                                                     family’s monthly expenses and that Mikayla has the freedom to do
                                                               what she wants, Mikayla decides to make some radical changes. If
                                                               there is any money left at the end of the month, Mikayla can decide
                                                               how this money will be spent.

                                                              5. What is Mikayla’s saving goal?

3. What does Mikayla like to spend money on?

                                                              After Eddie explains the family’s monthly expenses to
                                                              Mikayla, Mikayla plans the family’s budget for the month. She
                                                              believes that her cuts to the family budget will result in a sav-
                                                              ing of $200.

                                                              6. What decisions does Mikayla make about her family’s
                                                                 budget? Do you think her decisions are sensible? Give
                                                                 reasons.
                                                                                                                                      © ATOM 2018

From top: Eddie Woo with Mikayla Hannel and
father; Mikayla with friend Claudia
                                                                                                                                     34
Mikayla Hannel and her family

                                                               7. Does Mikayla’s grocery shopping go to plan? What does
                                                                  she learn?

What do Mikayla’s parents and siblings think about her deci-
sions to reduce spending on home maintenance and petrol?

                                                               Rate Mikayla’s grocery shopping on a scale from 1 to 10. 1 is
                                                               the lowest score and 10 is the highest score. Give a reason
                                                               for your rating.
                                                               0    1     2     3     4     5     6     7     8     9     10

What do they think about her decision to increase spending
on eating out and takeaway meals, as well as clothes and
shoes?
                                                               Are her family happy with her purchases?
                                                                                                                                © ATOM 2018

Now that she is Teenage Boss, Mikayla is in charge of gro-
cery shopping. Her plan is to spend approximately $300 on
her first shop.
                                                                                                                               35
Left:
                                                               Mikayla Hannel                                          10.
                                                                                                                     Watch
                                                                                                                   the Budget
                                                                                                                     Reveal.

                                                                 Money saved: $

                                                                  What has Mikayla learnt during her time as Teenage Boss?

                                                                  What has Mikayla’s family learnt about their spending
Despite her good intentions, Mikayla is tempted to spend          habits?
money.

8. Like Mikayla. Do you think you would be tempted to treat
   yourself if you were in charge of the family budget? Why
   or why not?

                                                                  How does Mikayla plan to spend the money that she has
                                                                  saved from the family budget?

Before things get completely out of hand, Mikayla checks
the budget and decides that it is time to control her spend-
ing. She is confident that she can maintain her saving goal
but then her mother asks her to pay for some unexpected
expenses.

9. Despite the cost, why does Mikayla think the money
   spent on the weekend trip to the Blue Mountains is worth
   the expense?                                                  Rate Mikayla as a Teenage Boss on a scale from 1 to
                                                                 10. 1 is the lowest score and 10 is the highest score.
                                                                 Give a reason for your rating.
                                                                 0    1     2     3     4     5     6    7     8     9    10

The trip to the Blue Mountains costs $600. Imogen asks
Eddie for advice about how to get the budget back on track.
What is the outcome of this conversation?
                                                                                                                                © ATOM 2018

                                                                                                                               36
Eddie Woo with mum Kerry, sister Zoe and dad Andrew

EPISODE 11                                                               3. What does Nick dream of spending money on?

Nick
Nick is good at saving money. His bank balance is proof of his sound
financial literacy skills. While Nick is very responsible with his own   4. Do Nick’s parents and sister think that he will be a good
money, he is very good at spending his parents’ money.                      Teenage Boss?

Age:

Family members:

1. List the items that Nick likes to spend his money on.                  Nick’s family spend $3520 a month. When Eddie tells him how much
                                                                          money he will be responsible for, he is surprised, then nervous. One
                                                                          of his first decisions as the boss is to take his family out for dinner. If
                                                                          there is any money left at the end of the month, Nick can decide how
                                                                          this money will be spent.
2. What do Nick’s parents think about his spending habits?
                                                                         5. What is Nick’s saving goal?
                                                                                                                                                         © ATOM 2018

                                                                         After Eddie explains the family’s monthly expenses to Nick,
                                                                         Nick plans the family’s budget for the month. He believes that
                                                                         his cuts to the family budget will result in a saving of $150.

                                                                                                                                                        37
Now that he is Teenage Boss, Nick is in charge of grocery
                                                                shopping. His plan is to spend a lot less than his parents do
                                                                on the weekly shop.

                                                                7. Does Nick’s grocery shopping go to plan? What does he
                                                                   learn?

                                                                Rate Nick’s grocery shopping on a scale from 1 to 10. 1 is the
                                                                lowest score and 10 is the highest score. Give a reason for
                                                                your rating.
6. What decisions does Nick make about his family’s budg-       0     1     2     3     4     5     6      7    8     9     10
   et? Do you think his decisions are sensible? Give reasons.

                                                                Are his family happy with his purchases?

What do Nick’s parents think about his decisions to reduce
spending?
                                                                                                                                  © ATOM 2018

                                                                From top: Nick Atkinson; Eddie Woo with mum Kerry,
                                                                sister Zoe and dad Andrew
                                                                                                                                 38
10.
                                                                     Watch
Nick’s father needs Nick to pay for his trip to Noosa to see a     the Budget
concert. This is an expense that Nick has not included in his        Reveal.
budget. He asks Eddie for help.

8. What advice does Eddie give Nick about unexpected
   expenses?
                                                                           Money saved: $

                                                                            What has Nick learnt during his time as Teenage Boss?

When Nick’s mother goes shopping and overspends on
makeup, Nick has to think of some creative solutions to pro-
tect his savings. Then he has to buy the supplies for his sister
Zoe’s birthday party.
                                                                            What has Nick’s family learnt about their spending habits?
9. Is Zoe’s birthday party a success?

                                                                            How does Nick plan to spend the money that he has saved
                                                                            from the family budget?

                                                                           Rate Nick as a Teenage Boss on a scale from 1 to 10. 1
                                                                           is the lowest score and 10 is the highest score. Give a
                                                                           reason for your rating.
                                                                           0    1      2     3     4     5     6     7     8     9       10
                                                                                                                                              © ATOM 2018

                                                                        Left: Nick Atkinson

                                                                                                                                          39
EPISODE 12

Elinya
Elinya admits that she only has a vague idea about how
much money her family spends a month. As for her own
money, some of her earnings from her part time job are
used to pay off the new car that her parents bought
on her behalf. The rest of what she earns funds her
shopping sprees.

Age:

Family members:                                                Eddie Woo with
                                                               Mikayla Hannel
                                                               and father, Gavin

1. List the items that Elinya likes to spend her money on.
                                                                           6. What decisions does Elinya make about her family’s
                                                                              budget? Do you think her decisions are sensible? Give
                                                                              reasons.

2. What do Elinya’s parents think about her spending habits?

3. What does Elinya dream of spending money on?

4. Do Elinya’s parents think that she will be a good Teenage
   Boss?

                                                                           What do Elinya’s parents think about her decisions to reduce
                                                                           spending? Why?

 Elinya’s family spend $3303 a month. She is surprised to learn that
 her mother expects her to add her own income to the family budget
 for the month that she is Teenage Boss. If there is any money left at
 the end of the month, Elinya can decide how this money will be spent.

5. What is Elinya’s saving goal?

After Eddie explains the family’s monthly expenses to Elinya,
she plans the family’s budget for the month. She believes that
                                                                                                                                           © ATOM 2018

her cuts to the family budget will result in a saving of $429. In
addition, Elinya plans to add $480 of her own income to this
amount.
                                                                                                                                          40
Eddie Woo with
                                                                      Elinya Chenery

Now that she is Teenage Boss, Elinya is in charge of grocery
shopping. Her plan is to decrease monthly spending on gro-
ceries by $200.

7. Does Elinya’s grocery shopping go to plan? What does
   she learn?

                                                                      10.
                                                                    Watch
                                                                  the Budget
                                                                    Reveal.
Rate Elinya’s grocery shopping on a scale from 1 to 10. 1 is
the lowest score and 10 is the highest score. Give a reason           Money saved: $
for your rating.
0    1     2     3     4     5     6     7     8     9       10        What has Elinya learnt during her time as Teenage Boss?

Are her parents happy with her purchases? What does Missy
the dog think of Elinya’s changes to her regular dog food?

                                                                       What have Elinya’s parents learnt about their spending habits?

Despite knowing the details of the budget, Elinya’s mother
goes op shopping and can’t resist the bargain of a $15
blender.
                                                                       How does Elinya plan to spend the money that she has saved
8. What does Elinya think of her mother’s bargain?                     from the family budget?

9. What other unexpected expenses does Elinya have to
   pay for? Where does she find the money to cover these              Rate Elinya as a Teenage Boss on a scale from 1 to 10.
   additional costs? What other creative solutions does she           1 is the lowest score and 10 is the highest score. Give a
   implement to avoid spending money?                                 reason for your rating.
                                                                      0     1     2     3      4     5     6      7     8      9        10
                                                                                                                                              © ATOM 2018

                                                                                                                                             41
EPISODE 13

Ula
Ula wants to become a professional
recording artist. She dreams of making
albums but for now is content recording
songs in her home studio. When Ula isn’t
singing, she is shopping.

Age:

Family members:

1. List the items that Ula likes to spend her money on.
                                                                3. What does Ula dream of spending her money on?

Ula likes online shopping, even though she can’t actually
afford to purchase all of the items she puts in her shopping    4. Do Ula’s parents think that she will be a good Teenage
cart. Like Ula, do you like the idea of online shopping? Why?      Boss?
Have you ever purchased anything online? Describe your
online shopping experience.

                                                                 Ula’s family spend $2560 a month. While she is keen to be the boss
                                                                 of her family’s money, she admits that for the first week she probably
2. What do Ula’s parents think about her spending habits?
                                                                 won’t know what she is doing. If there is any money left at the end of
                                                                 the month, Ula can decide how this money will be spent.

                                                                5. What is Ula’s saving goal?

                                                                After Eddie explains the family’s monthly expenses to Ula,
                                                                she plans the family’s budget for the month. She believes that
                                                                her cuts to the family budget will result in a saving of $245.

                                                                6. What decisions does Ula make about her family’s budget?
                                                                   Do you think her decisions are sensible? Give reasons.
                                                                                                                                           © ATOM 2018

From top: Ula Venckus and
Eddie Woo; Ula Venckus
                                                                                                                                          42
Ula Venckus with mother Lana

                                                            Now that she is Teenage Boss, Ula is in charge of grocery
                                                            shopping. Her plan is to spend approximately $250 on gro-
                                                            ceries for the week.

                                                            7. Does Ula’s grocery shopping go to plan? What does she
                                                               learn?

What do Ula’s parents think about her decisions to reduce
spending, especially on food?

                                                            Rate Ula’s grocery shopping on a scale from 1 to 10. 1 is the
                                                            lowest score and 10 is the highest score. Give a reason for
                                                            your rating.
                                                            0    1     2     3     4     5       6    7    8     9      10

                                                            Are her family happy with her purchases?
                                                                                                                              © ATOM 2018

                                                                                                                             43
From top: Ula Venckus; Ula
                                                              Venckus on Skype with Eddie Woo
                                                                                                                10.
                                                                                                              Watch
                                                                                                            the Budget
                                                                                                              Reveal.

                                                              Money saved: $

                                                               What has Ula learnt during her time as Teenage Boss?

One of Ula’s ways of saving money is to buy less processed
and pre-prepared meals. While she is an inexperienced cook,
she is keen to make her favourite dishes.

8. Are Ula’s home cooked meals a success?

                                                               What have Ula’s parents learnt about their spending habits?

Could your family save money by cooking and eating in
rather than having takeaway or eating out?

                                                               How does Ula plan to spend the money that she has saved
                                                               from the family budget?

9. List the unexpected expenses that Ula has to find the
   money to pay for. How does she manage to cover these
   costs?

                                                              Rate Ula as a Teenage Boss on a scale from 1 to 10.
                                                              1 is the lowest score and 10 is the highest score. Give
                                                              a reason for your rating.
                                                              0    1     2     3     4     5     6     7    8     9      10
                                                                                                                               © ATOM 2018

                                                                                                                              44
Eddie Woo with Mitchell Kwan, mother Sharon and brother Koby

EPISODE 14                                                                  3. What does Mitchell dream of spending money on?

Mitchell
Mitchell loves maths and even spends his money on maths books
and puzzles. Meeting Eddie Woo is according to Mitchell one of life’s
‘inspirational moments’. One day, Mitchell hopes to teach other people
about the beauty of mathematics.
                                                                            4. Does Mitchell’s brother think that he will be a good
                                                                               Teenage Boss?
Age:

Family members:

1. List the items that Mitchell likes to spend his money on.

                                                                             Mitchell’s family spend $3689 a month. He thinks being the boss will
                                                                             be one of the hardest things that he has ever done. For Mitchell, the
                                                                             prospect of getting an equation wrong is nerve wracking but he is
                                                                             willing to take on the challenge. If there is any money left at the end
2. What does Mitchell’s mother think about his spending
                                                                             of the month, Mitchell can decide how this money will be spent.
   habits?

                                                                            5. What is Mitchell’s saving goal?
                                                                                                                                                        © ATOM 2018

                                                                                                                                                       45
Mitchell uses a spread sheet to track daily expenses. What is
                                                                    a spread sheet? What are the advantages of using a spread
                                                                    sheet to budget?

Mitchell Kwan

After Eddie explains the family’s monthly expenses to               Now that he is Teenage Boss, Mitchell is in charge of grocery
Mitchell, he plans the family’s budget for the month. He be-        shopping. His plan is to spend under $125 on his first shop.
lieves that his cuts to the family budget will result in a saving
of $228.                                                            7. Does Mitchell’s grocery shopping go to plan? What does
                                                                       he learn?
6. What decisions does Mitchell make about his family’s
   budget? Do you think his decisions are sensible? Give
   reasons.

                                                                    Rate Mitchell’s grocery shopping on a scale from 1 to 10. 1 is
                                                                    the lowest score and 10 is the highest score. Give a reason
                                                                    for your rating.
                                                                    0    1     2     3     4     5     6     7     8     9     10

What do Mitchell’s mother and brother think about his deci-         Are his mother and brother happy with his purchases?
sions to reduce spending, especially the slashing of the
grocery bill by $300?
                                                                                                                                      © ATOM 2018

                                                                                                                                     46
10.
                                                                                                             Watch
Mitchell takes to the kitchen to cook dinner. Home cooked                                                  the Budget
meals are part of his plan to keep on top of the family’s                                                    Reveal.
expenses.

8. Are Mitchell’s home cooked meals a success?
                                                            Money saved: $

                                                             What has Mitchell learnt during his time as Teenage Boss?

9. What Mitchell hasn’t budgeted for are unexpected ex-
   penses. Make a list of the unexpected expenses.

                                                             What have Mitchell’s mother and brother learnt about their
                                                             spending habits?
What advice does Eddie give Mitchell about unexpected
expenses? Is Mitchell able to follow Eddie’s advice?

                                                             How does Mitchell plan to spend the money that he has saved
                                                             from the family budget?

                                                            Rate Mitchell as a Teenage Boss on a scale from 1 to
                                                            10. 1 is the lowest score and 10 is the highest score.
                                                            Give a reason for your rating.
                                                            0    1     2      3     4     5     6     7     8     9       10
                                                                                                                               © ATOM 2018

                                                            Left: Eddie Woo with Mitchell
                                                            Kwan and brother Koby
                                                                                                                           47
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