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Learning Intention: Process how to manage borrowing money.
Learning Intention: Process how to manage borrowing money.
Success Criteria
Success Criteria
13. I have researched how to responsibly borrow money.
Do Now
Do Now
What is the difference between a savings account vs an investment account?
Learning Tasks
Learning Tasks
See the effects of borrowing money by completing the "Borrowing Money" worksheets on pages 32-34.
Listen to Ms Garlick recap the important points from the "Borrowing Money" worksheets.
Complete the Google Form to feedback form on how you found this course.
Mahi Choice
Ketch-Up - Finalize your budget on pages 35-37. Remember, that is how Ms Garlick is determine your FUFI grade.
SOYou Finished Early
Complete the Risk Profile Questionnaire on ANZ to determine which investment fund is right for you.
Research ways to your hobby into income. Is there a way to turn your hobby into a side hustle?
Explore Instagram Accounts that five financial advice: @francescooknz, @the.hiddenfigures, @whanauwhutures, @your.richbff, @lowwhaley, @erikankullberg, @ecommjess
Watch the Shark Tank: Top 3 Pitches from Young Entrepreneurs
Teacher Notes
Teacher Notes
I haven't had a chance to test out this lesson, as Lesson 10 and 11 were wished together the first time I taught it because I ran out of time. But this should be enough for a 75 session.
Make sure to unpack the questions in Task 3 so students understand the risks of borrowing money. Also chat to them about shopping around for the best interest rate when borrowing money. Talk about what to do when trying to decide which loan to pay back, the big one being the student loan vs other loans. Remind them that student loans are interest free, so you just pay back the amount of the loan. Since there isn't that pressure of interest, you're better off paying of a loan that has interest first because that one will cost you more money in the long run.
You can also use this as a lesson to look into other types of borrowing like the "buy now, pay later" schemes.
Again, Weekly Check-In Do Now can be swapped. Could always move Task 2 or 3 in as the Do Now.
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