Monday, 23 May 2016


Financial Literacy For Kids

On Friday, we had a special visit from Amy. She works for ASB bank and she talked to us about being young "Cashletes".



The session was divided into 3 key stages. Here are the things we learned.

Stage 1

  • How we earn money
  • The value of money
  • Save, Spend and Share
  • Needs vs Wants
  • The importance of purchasing needs before wants

Stage 2

  • Where does money come from
  • Earning money through doing chores
  • How to save money
  • Comparative shopping

Stage 3

  • Debit Cards (Only has the amount of money we put in it)
  • Credit Card (Borrowing money from the bank, we need to pay this by a certain time or we will need to pay extra)
  • Budget for the things we want
 "Spend some on you but save some to."

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