Section outline

  • FOCUS / ARONGA

    FOCUS / ARONGA learning intentions:

    • We are FOCUSING on understanding the fundamental concepts of personal finance, including income, expenses, budgeting, saving, and investing.
    • We are FOCUSING on recognising the impact of financial decisions on their future.


    Banqer High

    Brief

    The Careers Expansion will allow your students to earn a living as they move out of home and take their first step toward becoming financially independent adults. To start with, students will be led through the process of preparing a basic CV and applying for an entry level job in the Banqer High careers market. Once they have their job they’ll be required to check in, and answer quiz questions regularly to earn Career Tokens to progress along their chosen career path.

    Through holding a Career students will also have the ability to engage with KiwiSaver.

    Experience

    Your class will experience and develop an understanding of the following concepts:

    • The different facets of a CV, including skills, education, work experience, interests and referees.
    • Preparing a basic CV based on their own life experiences.
    • An appreciation of a variety of different potential careers, and the associated career roles, and responsibilities.
    • The concept of student loans and the requirement to pay back debt incurred.
    • Earning a weekly income from which they will be able to meet weekly expenses.
    • Enrolling in KiwiSaver, choosing a fund, and a contribution rate.
    • Managing their KiwiSaver fund account and maximising their returns.

    Impact

    Enabling the Careers Expansion will have the following financial impact on your students:

    • They will earn a weekly salary, from which any student loans will be deducted automatically.
    • Through checking in to their career daily and answering quiz questions they will earn Career Tokens. Accumulating Career Tokens will allow them to progress along their chosen career path, rising to positions with higher income.
    • Random career related events will result in unexpected expenses and bonuses to students, and allow students to demonstrate their understanding of the concepts outlined above.

    Enabling the KiwiSaver Expansion will have the following financial impact on your students:

    • Students will be able to enrol in KiwiSaver which will see them contributing a portion of their weekly salary to their KiwiSaver fund account.