Money Smart

Students get MoneySmart at Kismet Park Primary School

 

In 2012 Kismet Park Primary School was chosen as one of only thirteen Victorian primary schools, across the Government, Independent and Catholic sectors, to be invited to trial the MoneySmart Primary Teaching Learning package, during 2013 we have continued with this program as it has now been introduced across Australian Schools.

 

The MoneySmart Program teaches students about saving, donating and avoiding debt through a national program designed to help improve financial literacy in Australian schools.

 

Cynthia Schumann and Cassandra Brodrick from Kismet Park Primary School attended the national launch and training conference for the MoneySmart Primary Teaching Learning package in Adelaide on 9th -10th August 2012.

 

The MoneySmart package is a new resource to help primary school teachers deliver consumer and financial literacy education in schools.

 

The aim of the package is to develop MoneySmart Kids in MoneySmart Schools.

 

ASIC’s MoneySmart Teaching strategy also encourages teachers to take control of their personal finances.

 

‘Teachers play a crucial role in producing young people who are financially literate and consumer savvy, so it made sense to us to also develop resources to help teachers manage their own money’, said ASIC Commissioner, Peter Kell.

  

Other quotes from Peter Kell, ASIC Commissioner

 

  1. ‘Today’s young Australians live in an increasingly complex and digitally connected world with the proliferation of mobile phones and ready access to money and credit. Research shows that it is young people – particularly those aged 18 to 24, who have the lowest levels of financial literacy’, says ASIC Commissioner, says Peter Kell.

 

  1. ‘The key to effective financial literacy education is to start young. We need to engage students and their families on a practical and accessible level – from the very beginning of their schooling.’

 

  1. ‘Through MoneySmart Teaching, students learn about saving, spending, donating and investing by applying these principles to real life. In a Year 6 mathematics unit called ‘It’s Raining Cats and Dogs...and Chickens’, for example, students learn about equivalent fractions, decimals and percentages by investigating the costs of pet ownership’, says Mr Kell.

 

  1. ‘MoneySmart Teaching provides an opportunity to incorporate real-life learning within the classroom and involve parents and carers more closely in this learning.’

 

 

Integrated units of work (English, mathematics and science)

 

Prep-2 Pancakes can make a difference

This unit focuses on fundraising. Students will read (or be read) a big book story about fundraising and will be motivated to implement their own fundraising project.  The class will plan and implement a small fundraising event for an identified recipient.

 

Grade 3 The House of Needs and Wants

In this unit students will investigate how their needs and wants impact on spending. They will plan and cost a breakfast for the Foundation Year students within a given budget and examine the differences between what they need for breakfast and what they want.

 

Grade 4 Advertising detectives

In this unit students will become detectives in a bid to help solve an alarming case of advertisements that influence children to buy or want a product. Students will investigate the different devices that are used in advertising, how they are used to target children, and how their effect can be minimised.

 

Grade 5 Never too young to be MoneySmart with clothes

In this unit students will investigate the influences on 10–12-yearold consumers when selecting clothes and accessories. Students will share stories about their choice of clothes and accessories and what influences them when making purchases.

 

Grade 6 The fun begins: Budget, plan, profit!

In this unit students discover that they have inherited a fictitious piece of land. The land is to be developed as a nature fun park, at the request of William Corlett, the relative who owned the land.

 

Mathematics units of work

 

Grade 4 How much love can fit into a shoebox?

In this unit students will investigate the possible contents of ‘shoeboxes of love’, which can be donated to underprivileged children. They will discuss the differences between needs and wants, and compare the needs of others to their own.

 

Grade 5 Hey! Let’s have a big day out!

In this unit students will investigate possible costs involved in a family outing. They will discuss the differences between essential and optional costs, and justify reasons for spending preferences.

 

Grade 6 It’s raining cats and dogs ... and chickens?

In this unit students will investigate the costs of becoming a pet owner. They will consider other factors such as ethical considerations and the external factors that influence the choice of pet.

 

Useful Links

 

Money Smart Financial Website

 

https://www.moneysmart.gov.au/

 

Money Smart Teaching and Learning Website

 

http://teaching.moneysmart.gov.au/

 

'TO THE MAX' Educational You Tube Clip

 

http://www.youtube.com/watch?v=511wg9UvHIE