Starting Young: Financial Literacy

st
in the 21 Century
Nicki Goldspink Chaffey

Narranga Public School

nicki.chaffey@det.nsw.edu.au
 My Story
Now
Assistant Principal
Instructional Leader
MoneySmart Facilitator
Winner of First State Super Financial Literacy Scholarship
Mum of Four

Before
Bach. of Commerce (Accounting & Taxation)
Senior Analyst BHP Billiton
Certified Practicing Accountant

http://www.nbnnews.com.au/2016/08/3
0/coffs-harbour-teacher-awarded/
 SO, what are we talking about here?

What are the qualities of a consumer

and financially literacy person?
4
Consumer and financially literate people are:
“Individuals who have the ability to apply knowledge,
understanding, skills and values in consumer and
financial contexts to make informed and effective
decisions that have a positive impact on themselves,
their families, the broader community and the
environment.”
Source: National Consumer and Financial Literacy Framework, Ministerial Council for Education, Early Childhood Development and
Youth Affairs (MCEECDYA), 2011

Using this definition:

How many of the children and young people you work with would be
considered to be consumer and financially literate people?

How do you know?

What questions does this definition raise for you?

Why does this matter now?

Money makes the world go around

http://info.everfi.com
http://info.everfi.com
 National consumer and financial literacy
framework
Knowledge and
understanding
money and consumer
decisions

Competence
applying knowledge

Responsibility
and enterprise
making choices
Progression of learning
What do the experts think?
Paul Clitheroe
Chairman, Australian Government Financial
Literacy Board and Financial Commentator

Changing world of
consumerism
 What are the benefits?
Students:
Develop consumer and financial
literacy capabilities
Demonstrate responsible consumer
and financial literacy behaviours
characterised by informed decision
making.
Real financial contexts for learning
Teachers:
Building capability: confidence,
knowledge, resources
Wellbeing: personal learning,
reflective practice, financial
health
Leadership: professional
learning, school journey,
development of a learning
culture in the school
 So what does this mean
for you as a teacher ?
As a teacher of students from Kindergarten to
Year 6 have you considered incorporating:
• The National Consumer and Financial Literacy Framework

• Real life contexts for learning

• Innovation and enterprising behaviours

• STEM or STEAM activities

12
MoneySmart Teaching

https://www.moneysmart.gov.au/teaching
Primary units
 Digital and online resources
Lower primary
Goods and services
Money match
Needs and wants Middle primary
Pay the price Money maps
Money and people
Lower secondary Party time
Mobile - Social media Fun day out
Mobile - Premium services Our big weekend adventure
Mobile - Advertising Helping out
Mobile – Consumer rights
Mobile - Security
Upper primary
Mobile - Choosing a plan
Mobile - Mobile phone advertising
Mobile - Mobile credit
Mobile - Calls, messaging and browsing
Mobile - Security
Mobile - Entertainment
How does it look in the classroom?

https://www.filmpond.com/#/ponds/narran
gaps
MoneySmart – consumer website

https://www.moneysmart.gov.au
Families
Tools and resources
Professional learning online
 Financial Health for Teachers

MoneySmart Teaching personal learning program

• designed to inspire and empower teachers

• aims to help teachers feel confident with money
In Summary – Best Practice Financial
Literacy Education must be…

http://info.everfi.com
 My Blog
finlitnicki2017.wordpress.com

Survey
https://goo.gl/forms/b37SqlPNh
8mfLn2b2
Questions?
Thank You