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 <> . 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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Air New Zealand: Employees Recognised With $1,000 Share Award

The efforts Air New Zealand employees made during one of the airline’s toughest years will be recognised via an award of $1,000 worth of company shares to all permanent employees... More>>

Consumer NZ: Bank Complaints On The Rise, Survey Shows

Nearly one in five Kiwis had a problem with their bank in the past year, Consumer NZ’s latest satisfaction survey finds. Consumer NZ chief executive Jon Duffy said the number of bank customers reporting problems had jumped to 18%, up from 11% in 2020... More>>

Federated Farmers: Applauds UK-Australia Free Trade Deal

News that Australia and the UK have signed a free trade agreement is a promising step forward in the fight against tariffs and protectionism, Federated Farmers says.
"It reinforces the international rules-based trading framework and is important for rural producers and global consumers," Feds President Andrew Hoggard says... More>>

ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>

Stats NZ: GDP Climbs 1.6 Percent In March 2021 Quarter Following December Dip

Gross domestic product (GDP) rose by 1.6 percent in the March 2021 quarter, following a 1.0 percent fall in the December 2020 quarter, Stats NZ said today. "After an easing of economic activity in the December quarter, we’ve seen broad-based growth in the first quarter of 2021... More>>

Reserve Bank: Debt Serviceability Restrictions Added To Policy Toolkit

The Reserve Bank – Te Pūtea Matua and the Minister of Finance have agreed to update their shared Memorandum of Understanding (MoU) on macro-prudential policy and add debt serviceability restrictions to the list of potential tools available... More>>