Students get money smart
So , your parents have said yes to you buying a pet . But how much is it REALLY going to cost you ?
Saving up for a car ? What about budgeting for all those extras like insurance and petrol , even tolls ?
Students will help answer these questions and more in the new Financial Literacy Challenge launched by the State Treasurer .
The new challenge , developed in partnership with the Australian Securities and Investments Commission ( ASIC ), will encourage children to develop positive money habits and increase their financial literacy .
Treasurer , Matt Kean , said financial literacy was crucial to children ’ s future success .
“ Understanding the cost of purchases will arm students with healthy money habits to achieve their goals now and into the future ,” Mr Kean said .
“ Students will be able to complete a persuasive writing task – writing a letter to mum or dad convincing them they know how to pay for the costs associated with a pet or a car .”
To complete the challenge , students will learn how to navigate the financial costs of becoming either a pet or car owner .
They will consider other factors in addition to initial purchasing costs , such
as ongoing costs and unexpected expenses , and the value of proper planning and budgeting .
The challenge activities are online and self-paced , and provide a fun learning activity for students to undertake at home .
Minister for Education , Sarah Mitchell , said students would use their knowledge of financial costs to develop a savings plan using the Money smart savings calculator .
“ The activities in the Treasurer ’ s Financial Literacy Challenge are aligned to the NSW Mathematics and English K-10 syllabus ,” Ms Mitchell said .
“ As a new dog owner myself , my kids and I know there are a number of upfront and ongoing costs of a new furry family member , and I think students can learn a lot through these real-world scenarios . “ The challenge will help the next generation be as adept with their money as they are with digital devices .”
Students from all schools in Years 5 to 8 can enter the challenge for the remainder of Term 4 , and will be issued with a certificate when they have completed the challenge .
The challenge replaces school banking programs , which from 2022 will no longer be run in NSW schools .
Students can find the NSW Treasurer ’ s Financial Literacy Challenge at : education . nsw . gov . au / finlit-challenge .
Public School
McGraths
Hill Children ’ s Centre Inc A Child ’ s Learning Centre
Care hours 6.30am to 6.30pm Open 49 weeks of the year Care from birth to 6 years Nutritious meals prepared daily Pre school transition programs Qualified and experienced staff Special needs catered for All daily needs supplied Community based non-profit centre Established in 1989
69 Andrew Thompson Drive , McGraths Hill Phone 4587 7141 mhcc @ westnet . com . au
Welcome to Glossodia Public School
Our beautiful semi-rural setting makes it the perfect place to learn and grow . Our school grounds are well maintained , and our vegetable garden and mini orchard , are looked after by staff and students .
Like in all schools , our students are always busy learning a new skill or acquiring new knowledge . We also pride ourselves on building other valuable skills such as interpersonal skills , creativity , problem-solving , critical thinking , leadership , reflection and adaptability , that can help them reach their full potential .
Setting realistic personal goals and working towards achieving them are at the focus of all lessons in Key Learning Areas . Extra-curricular opportunities include STEM , Sustainability , Dance , Recorders , Sport , Creative Writing and Public Speaking . We do our best to cater for all interests and abilities . Our wellbeing program has equipped students with the tools they need to interact with confidence in and out of the classroom .
We have a strong positive partnership with our community , P & C Association and local business such as OOSH , which provides before and after care for many of our students .
Our vision is underpinned by our core value of being safe , responsible and respectful learners . We are very supportive and welcome all newcomers with a friendly smile .
For further information regarding enrolling your child in Glossodia Public School , you can contact us on 4576 6099 .
Ph : 4576 6099
www . glossodia-p . schools . nsw . edu . au
THE HAWKESBURY INDEPENDENT theindependentmagazine . com . au ISSUE 138 // NOVEMBER 2021 31