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New financial education toolbox rolled out to schools

New financial education toolbox rolled out to schools

Teachers across New Zealand will now have access to a brand new suite of tools and resources to help them teach financial literacy in the classroom.

The FCP toolkit (Financial Capability Progressions toolkit) has been launched to all schools after the Ministry of Education and the Commission identified a need to support schools and teachers with integrating financial capability across the school curriculum at all levels.

Retirement Commissioner Diane Maxwell said “Financial literacy is an essential life skill and embedding it in the school curriculum makes absolute sense. We want young people to leave school equipped to make good decisions about money from an early age.”

“We want them to be on the winning side of their decisions because they know the fundamentals and they know what questions to ask. These tools for teachers will make a significant difference in achieving that goal,” Maxwell said.

The suite of materials is designed to help educators teach financial literacy across a range of learning areas. Aligned to curriculum levels 1-8, the toolkit will take students through all levels of financial literacy – from money basics, such as recognising coins and notes, to more complex financial knowledge, such as calculating exchange rates against New Zealand’s currency.

The resources were developed collaboratively by the education sector and the Ministry of Education, with support from organisations such as the Commission, Young Enterprise Trust, and Massey Fin-Ed Centre.

ENDS

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