Treasurer's Financial Literacy Challenge

The Challenge - How to use

Calling all teachers and parents! Invest a lesson or two in the new Financial Literacy Challenge to promote the skills and knowledge for your learners to build positive money habits and practice making informed, effective financial decisions.

It is easy to start. Simply choose the appropriate challenge for your learner.

Fortunately, you don’t have to do much preparation as the challenge will do the heavy lifting for you. Though, we highly recommend you read along and participate in the challenge yourself to be ready to assist your learners where needed. The Get Started page link is great to send directly to your learners.

The challenge will introduce a scenario in which the learners investigate purchasing costs and ongoing expenses, create savings goals, attempt to compile budgets, and analyse the affordability and recurring costs of a purchase such as a family pet or car. The challenge culminates in a persuasive writing activity that offers the learners the opportunity to make an evaluation and recommendation. This will bring together the learners ability to make informed financial decisions based on their research and planning.

We think the knowledge and skills from these challenges are potentially life-changing and empowering. But we invite you to let us know what you think. Please contact us at finlit@det.nsw.edu.au

The Financial Literacy Team

Challenge structure and learning intention

Get started Connect Understand Apply Reflect
  • Learners are introduced to the challenge and outcomes.
  • Learners make connections with what they already know, and the challenge.
  • Learners are introduced to the financial literacy idea for the particular task.
  • Food for thought questions are used for discussions either in class or at home.
  • Learners engage with a relatable scenario and are introduced to new knowledge.
  • Learners become aware of issues that must be overcome and learn the importance of proper planning and careful decision making.
  • Food for thought questions are used for discussions either in class or at home.
  • Learners apply their knowledge and skills to demonstrate progress towards the learning outcomes.
  • Calculators and planning tools are used to create solutions to real-world problems.
  • Food for thought questions are used for discussions either in class or at home.
  • Learners consolidate knowledge.
  • Learners justify their decisions and create arguments to persuade their audience to make good choices.
  • Learners reconnect the learning with their own lives.
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