Financial capability progressions
The financial capability progressions provided sets out suggested curriculum based learning outcomes across a range of learning areas.
The learning outcomes described in the progressions have been trialled within schools and are aligned to the New Zealand Curriculum levels 1-5.
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, p16
The possible progressions of learning can be accessed as a Word document from the downloads box in the right hand menu.
- Managing
- Setting goals
Managing money and income
Money | Income | Saving | Spending and budgeting | Credit
Theme: Money
Level 1
- Recognise and use coins and notes for simple transactions.
- Describe examples of using money for different purposes.
Level 2
- Discuss different ways of paying for things.
Level 3
- Recognise the value of New Zealand's currency in relation to other currencies.
Level 4
- Define simple interest and discuss examples of when interest is incurred.
- Convert NZ dollars into other currencies and give examples of why this is important.
Level 5
- Define compound interest and use examples to demonstrate the "time value of money".
Theme: Income
Level 1
- Explain ways (including entrepreneurial activity) in which people earn or receive income.
- Discuss consequences of having more or less money.
Level 2
- Identify regular and unpredictable sources of income.
Level 3
- Identify differences in income for different types of work.
Level 4
- Compare income, spending commitments and life-styles at different stages of life.
- Investigate different taxes and their impact on spending and income.
- Discuss how income contributes to well-being.
Level 5
- Investigate the way people get paid including wage and salary deductions.
- Define and find examples of government transfer payments.
Theme: Saving
Level 1
- Describe examples of choosing between spending and saving.
- Discuss the benefits of saving.
Level 2
- Assess and compare spending options.
- Practice getting value for money.
- Investigate and evaluate different options for depositing savings
Level 3
- Investigate the role of banks and other savings institutions. Evaluate them according to risk, interest paid, and access to funds.
- Give examples of differences between different social groups (cultural, gender, socio-economic) in saving and spending.
Level 4
- Discuss the effect of inflation on income and savings.
- Investigate how interest rates rise and fall over time and discuss how they affect lenders and borrowers.
Level 5
- Investigate kiwisaver and other superannuation products.
- Investigate different investment products as a way of saving.
Theme: Spending and budgeting
Level 1
- Investigate what people 'have to' spend money on.
Level 2
- Explore spending choices for a given amount of money and recognise that people's spending choices differ.
- Create a simple budget for an activity or event and keep records of money transactions.
Level 3
- Identify regular financial commitments families have to make.
- Use money management tools to monitor spending and saving.
Level 4
- Create a personal or family budget and use financial tools and records to monitor
Level 5
- Investigate life stage financial events and identify the financial decisions required.
Theme: Credit
Level 1
- Recognise the responsibilities in borrowing money.
Level 2
- Identify examples of using credit to buy things.
Level 3
- Explain how credit and interest work.
Level 4
- Discuss differences between 'good' and 'bad' debt including manageability of debt and its long term impact.
- Research the cost of credit from different lenders.
Level 5
- Identify aspects of credit worthiness when applying for a loan.
- Investigate student loans.