Financial Literacy

This term we are looking at some key ideas around Financial Literacy a) savings b) careers / income brackets c) Finite resource d) Retirement / life insurance e) Tax || // Big Idea: Students will understand: life has set costs that you have to pay before you look at ‘wants’ // Specific Learning Outcomes: (WALTS) to be developed around the following aspects: a) Budgeting b) Household costs c) Needs vs wants d) HP/Visa/cash/eftpos e) Students loans || // Big Idea: Students will understand: the wide range of banking options available // Specific Learning Outcomes: (WALTS) to be developed around the following aspects: a) Online/ branch/ ATM b) Credit rating c) Banking terminology || // Big Idea: Students will understand: relationships and interactions with others can be affected by finances // Specific Learning Outcomes: (WALTS) to be developed around the following aspects: a) Interactions with people b) Stress c) Applying knowledge || __ Check list for Project: __ __ Budgeting Task; __
 * ** 1) **** Income ** || ** 2) **** Spending/Expenditure ** || ** 3) **** Banking ** || ** 4) **** Relationships ** ||
 * // Big Idea: Students will understand: Income is a finite resource // Specific Learning Outcomes: (WALTS) to be developed around the following aspects:

This is a ‘real life’ task. Any decisions you make must be supported with evidence, either copies of newspaper/online adverts or details from specific companies/people you have talked to. You may present it anyway you wish, but I suggest a folder or using Google Doc’s. **You must write an introductory paragraph explaining your situation.** We will share our finished projects on THURSDAY 8th December You are a single person 18 years of age You have left school with no unit standards or recognisable qualifications OR you are a student who is in yo7ur first year at University. You have $800 in the bank You may take nothing with you from your parent’s home You are not allowed to borrow money other than a student loan. You may choose to own a car **//__Your challenge is to carry out the following tasks:__//** - You will need to find yourself a local job - You will need to find suitable accommodation in the area - You will need to join a sports club or pay a subscription - You need to create a weekly, monthly and yearly budget, on separate pages You will need to insure your car (if you own one) and your household contents - You will need to write a shopping list for each week in a month - You are going to attend a 21st in Nelson, so you will need plan the trip and work the cost - You may purchase one main item on hire purchase

[] [|Here are two activities that will help you understand stocks and cashflow] http://digistore.tki.org.nz/ec/pin/GYHQHJ?userid=9141

Here are some online activities to help with your learning - Have fun.