Education Policy | Post Primary | Preschool | Primary | Tertiary | Search


Teaching kids money skills goes down well

18 December 2008

Teaching kids money skills goes down well

A trial to teach young people money skills at school has been overwhelmingly positive, according to Retirement Commissioner Diana Crossan.

The trial ran in ten schools last term to test a framework to help teach students about managing everyday money. The country’s banks helped fund the trial.

“The world of finance is changing rapidly and is increasingly complex. The Retirement Commission is working towards young people having the necessary skills and information to make informed and wise decisions about money when they leave school.

“The programme is designed to teach younger students basic concepts about where money comes from and how to look after it. Older students are taught about managing risk, long term planning and analysing the different types of debt,” said Diana Crossan.

“Teachers involved in the trial feel that financial education is a critical learning area that cannot be left to chance. Many have successfully integrated the learning into existing programmes. They found that students were motivated and interested in the learning because it was relevant to their everyday lives.”

As one 12-year-old put it, “It prepares us for the real world. It completely changed my thinking. Now I put my money in a savings account instead of spending it at the dairy. It’s life-like and has been a fun challenge”.

The trial is being independently evaluated and the findings will be shared with the Ministry of Education early next year. The Ministry is currently considering how the teaching of financial literacy can contribute to achieving the outcomes for New Zealand students set out in the vision, principles, and values of the New Zealand Curriculum.

Note: The ten schools involved in the trial are: Alfriston College, Onehunga High, Otahuhu College and Mangere Central Primary in Auckland; Hampton Hill Primary, Tawa Intermediate and Scots College Prep in Wellington; Ranzau Primary, Brightwater School and Brooklyn Primary in Nelson/Tasman.


© Scoop Media

Culture Headlines | Health Headlines | Education Headlines


Howard Davis: Jill Trevelyan's Rita Angus

Although Angus has become one of Aotearoa’s best-loved painters, the story of her life remained little known and poorly understood before Jill Trevelyan's acclaimed and revelatory biography, which won the Non Fiction Award at the Montana New Zealand Book Awards in 2009, and has now been republished by Te Papa press. More>>

Howard Davis: The Back of the Painting

Painting conservators are the forensic pathologists of the art world. While they cannot bring their subjects back to life, they do provide fascinating insights into the precise circumstances of a painting's creation, its material authenticity, and constructive methodology. More>>

Howard Davis: Black Panthers on the Prowl

A passionate and gripping political drama from Shaka King, this is an informative and instructive tale of human frailty that centers around the charismatic Chicago Black Panther leader Fred Hampton, who was murdered at the age of twenty-one during a police raid. More>>

Howard Davis: Controlling the High Ground

Stephen Johnson's raw and angry film not only poses important questions with scrupulous authenticity, but also provides a timely reminder of the genocidal consequences of casual bigotry and xenophobia. More>>

Howard Davis: Dryzabone - Robert Conolly's The Dry

After the terrible devastation caused by last year’s bushfires, which prompted hundreds of Australians to shelter in the ocean to escape incineration and destroyed uncountable amounts of wildlife, The Dry has been released during a totally different kind of dry spell. More>>

Howard Davis: Hit the Road, Jack - Chloé Zhao's Nomadland

Nomadland is perhaps the ultimately 'road' movie as it follows a group of dispossessed and disenfranchised vagabonds who find a form of communal refuge in camp sites and trailer parks after the economic contraction of 2008. More>>

Howard Davis: Byrneing Down the House - Spike Lee's American Utopia

Lee does an admirable job capturing Byrne's stunning live performance of his latest album, but the real star of the show is the staging. More>>



  • Wellington
  • Christchurch
  • Auckland