This term we are looking at some key ideas around Financial Literacy
1)Income
2)Spending/Expenditure
3)Banking
4)Relationships
Big Idea: Students will understand: Income is a finite resourceSpecific Learning Outcomes: (WALTS) to be developed around the following aspects: 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 availableSpecific 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 financesSpecific Learning Outcomes: (WALTS) to be developed around the following aspects:
a) Interactions with people
b) Stress
c) Applying knowledge
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
a) savings
b) careers / income brackets
c) Finite resource
d) Retirement / life insurance
e) Tax
a) Budgeting
b) Household costs
c) Needs vs wants
d) HP/Visa/cash/eftpos
e) Students loans
a) Online/ branch/ ATM
b) Credit rating
c) Banking terminology
a) Interactions with people
b) Stress
c) Applying knowledge
Budgeting Task;
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
http://www.sorted.org.nz/
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.