Starting Young: Financial Literacy in the 21 st Century Nicki Goldspink Chaffey

1. Starting Young: Financial Literacy in the 21st Century Nicki Goldspink Chaffey Narranga Public Schoolnicki.chaffey@det.nsw.edu.au

2. My StoryNowAssistant PrincipalInstructional LeaderMoneySmart FacilitatorWinner of First State Super Financial Literacy ScholarshipMum of FourBeforeBach. of Commerce (Accounting & Taxation)Senior Analyst BHP BillitonCertified Practicing Accountant http://www.nbnnews.com.au/2016/08/30/coffs-harbour-teacher-awarded/

3. SO, what are we talking about here? What are the qualities of a consumer and financially literacy person?

4. Consumer and financially literate people are: “Individuals who have the ability to apply knowledge, understanding, skills and values in consumer and financial contexts to make informed and effective decisions that have a positive impact on themselves, their families, the broader community and the environment.” Source: National Consumer and Financial Literacy Framework, Ministerial Council for Education, Early Childhood Development and Youth Affairs (MCEECDYA), 2011 Using this definition: How many of the children and young people you work with would be considered to be consumer and financially literate people? How do you know? What questions does this definition raise for you?

5. Why does this matter now? Money makes the world go around

6. http://info.everfi.com

7. http://info.everfi.com

8. National consumer and financial literacy framework Knowledge and understanding money and consumer decisions Competenceapplying knowledge Responsibility and enterprise making choices

9. Progression of learning

10. What do the experts think? Paul Clitheroe Chairman, Australian Government Financial Literacy Board and Financial Commentator Changing world of consumerism

11. What are the benefits? Teachers: Students: Building capability: confidence, knowledge, resources Wellbeing: personal learning, reflective practice, financial health Leadership: professional learning, school journey, development of a learning culture in the school Develop consumer and financial literacy capabilities Demonstrate responsible consumer and financial literacy behaviours characterised by informed decision making. Real financial contexts for learning

12. So what does this mean for you as a teacher ? As a teacher of students from Kindergarten to Year 6 have you considered incorporating: • The National Consumer and Financial Literacy Framework • Real life contexts for learning • Innovation and enterprising behaviours • STEM or STEAM activities

13. MoneySmart Teaching https://www.moneysmart.gov.au/teaching

15. Primary units

16. Digital and online resources Lower primary Goods and services Money match Needs and wants Pay the price Middle primary Money maps Money and people Party time Fun day out Our big weekend adventure Helping out Lower secondary Mobile - Social media Mobile - Premium services Mobile - Advertising Mobile – Consumer rights Mobile - Security Upper primary Mobile - Choosing a plan Mobile - Mobile phone advertising Mobile - Mobile credit Mobile - Calls, messaging and browsing Mobile - Security Mobile - Entertainment

17. How does it look in the classroom? https://www.filmpond.com/#/ponds/narrangaps

18. MoneySmart – consumer website https://www.moneysmart.gov.au

19. Families

20. Tools and resources

21. Professional learning online

22. Financial Health for Teachers • MoneySmart Teaching personal learning program • designed to inspire and empower teachers • aims to help teachers feel confident with money

23. In Summary – Best Practice Financial Literacy Education must be… http://info.everfi.com

24. My Blog finlitnicki2017.wordpress.com Survey https://goo.gl/forms/b37SqlPNh8mfLn2b2

25. Questions?

26. Thank You