Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Financial fun focus of competition

Financial fun focus of competition

MEDIA RELEASE 5 September 2012

A nationwide competition, focussing on financial capability for Years 7 and 8 students, was launched today as part of Money Week 2012.

The 2013 Smart Money Digital Story Competition, jointly sponsored by the Bank of New Zealand and the Commission for Financial Literacy and Retirement Income, sees students creating digital stories about ways to better manage money.

Retirement Commissioner Diana Crossan says the competition is a chance for Years 7 and 8 students at primary and intermediate schools to learn about financial capability in a fun and creative way.

“Smart money skills are vital in today’s world and they fit with the key competencies in the New Zealand Curriculum. This competition provides an engaging way for teachers and students to explore everyday money ideas and issues. Students could demonstrate what they have learned by making a short movie about things like the cost of owning a cell phone, saving for a family holiday or the true costs of credit and interest. They might even spoof an advertisement or attempt a reality TV show. The important thing is that they explore financial concepts, think critically about managing everyday money and have fun doing it.”

The competition rules are deliberately flexible. Although many entrants will use DVD as their chosen medium, entries made on cell phones and other similar digital mediums will also be eligible.

“It’s not the form of technology used to record that’s important, it’s the creative ideas behind the story and how it relates to financial capability. We really want young New Zealanders to engage with, and work collaboratively together, to grow their financial literacy from an early age,” Ms Crossan says.

BNZ Chief Executive Mr Andrew Thorburn hopes the competition will increase financial capability amongst primary and intermediate-age kids in New Zealand.

“It’s incredibly important for young people to think about their futures financially,” says Mr Thorburn.

“We hope this competition will give students a chance to think about finance in a way that is both beneficial and enjoyable.”

Teachers and students can register their interest on the competition website www.smartmoney.org.nz <http://www.smartmoney.org.nz/> . The website contains financial literacy resources to help teachers and students with ideas for their stories, as well as helpful tips on how to make a digital story. Entries can be from whole classes, small groups or individuals. They close on 16 August 2013 and winners will be announced during Money Week in September 2013. Prizes include technology vouchers for schools, BNZ prize packs for all successful students, and teachers associated with winning entries will have the opportunity for special financial capability training.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Civil Contractors: Massive Rebound In Civil Construction Business Confidence

New Zealand’s civil construction industry is riding a massive rebound in post-pandemic business confidence – but this may be undermined by skills shortages, which continue to be the industry’s number one challenge... More>>



Energy: Feeling Our Way Towards Hydrogen - Tina Schirr

Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use... More>>

Maritime Union: Calls For New Zealand Shipping To Resolve Supply Chain Crisis

The Maritime Union says there needs to be innovative responses to ongoing shipping congestion. Maritime Union of New Zealand National Secretary Craig Harrison says it is essential that New Zealand develops its own shipping capacity... More>>


Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>


Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>



Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>

ALSO: