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Financial capability progressions

The financial capability progressions set out suggested curriculum based learning outcomes across a range of learning areas.

The learning outcomes in the progressions are aligned to The New Zealand Curriculum levels 1-8. 

All learning should make use of the natural connections that exist between learning areas and that link learning areas to the values and key competencies.

The New Zealand Curriculum, Ministry of Education 2007, p. 16

Word 2007 icon. Financial Capability Progressions (Word 2007, 52 KB)

The financial capability progressions contain suggested curriculum based learning outcomes across a range of learning areas. For senior secondary teachers, the listed achievement objectives, achievement standards, and unit standards may provide, or be adapted to include, contexts or aspects for financial capability teaching.

Word 2007 icon. Development of the Financial Capability Progressions (Word 2007, 77 KB)

This document explains the rationale behind the design of the new materials and evidence that informed the new progressions.

This diagram shows how curriculum levels typically relate to years at school. Many students do not, however, fit this pattern so learning objectives at students’ level of understanding can be selected rather than only using those from the students’ year level. 

How curriculum levels relate to years at school.

Managing risk

Theme: Identifying and managing risk

Level 1

Recognise the importance of keeping money safe.

Describe ways of keeping money safe.

Level 2

Discuss the importance of keeping money safe.

Describe ways of keeping money safe.

Level 3

Identify types of financial risk for individuals/whānau/groups.

Explain ways ways of keeping money safe.

Level 4

Discuss different types of financial risk for individuals/whānau/groups. 

Level 5

Describe ways of managing risk involved in different investments.

Level 6

Compare and contrast risk management strategies for individual/whānau/group finances, for example, bonds, other financial products.

Describe the role insurance plays in protecting assets, for example, car, home contents.

Level 7

Describe and explain risk and return for individual/whānau/group financial management, for example, tenancy agreements.

Explain the role different types of insurance play in reducing financial risk.

Level 8

Explain risk and return, and diversification for individual/whānau/group financial management.

Investigate the benefits and risks of taking out a student loan.

Theme: Rights and responsibilities

Level 1

Recognise the importance of paying for things, for example, goods.

Level 2

Discuss buyers’ rights, for example, returning faulty goods.

Level 3

Understand buyers have rights, for example, warranties.

Level 4

Understand that buyers and sellers have rights, for example, being able to apply for redress.

Discuss different sources of financial advice.

Level 5

Understand that buyers and sellers have responsibilities, for example, Fair Trading Act, banking regulations.

Compare and contrast different sources of financial advice.

Recognise crimes such as identity theft and scams, and identify ways of avoiding them. 

Level 6

Describe the rights and responsibilities of buyers and sellers, for example, Consumer Guarantees Act.

Understand legal contracts when purchasing products or services, for example, hire purchase, phone plans, gym membership contracts.

Describe and compare different sources of financial advice in relation to wealth creation.

Identify trustworthy providers of products and services. 

Level 7

Explain the rights and responsibilities of buyers and sellers, and how to seek redress, for example, providing proof, writing a letter.

Interpret legal contracts when purchasing products or services, for example, hire purchase, phone plans, gym membership contracts.

Describe and compare different sources of financial advice in relation to wealth creation.

Level 8

Compare and contrast legal contracts for purchasing products or services, for example, hire purchase, phone plans, mortgages.

Updated on: 28 Feb 2017


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