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You can select the module that is best suited to your class or alternatively choose some or all of them. The modules are:
YEARS 9 AND 10 (recommended year levels)
SmartEarning
This workshop brings to life the process (and perils!) of getting your
first job. Why am I paying tax and how much should I pay? What is
casual work or the casual award? Sooner or later, all students must
begin working – and
many already have. Ensuring they approach the workplace with the
right mindsets and knowledge will protect them and form a platform for
future success.
Your students will learn the following important lessons:
- Approaching the workplace with the right mindset can make your life at work happier (and even more profitable)
- There is no such thing as an unpaid work trial
- Part-time work and casual-work have different terms and conditions and different rates of pay
- How to understand and make calculations using the ‘progressive’ tax system: workers earning over $6,000 in a financial year will be required to pay tax
- Students paying tax will need a Tax File Number and will need to lodge a tax return
- Superannuation is a valuable savings head-start, but it must be managed
- Learning to read a pay slip is a vital part of managing your income wisely
SmartSaving
Some people think saving sounds boring, but it’s actually the ticket
to getting what you want without breaking the bank or compromising
your future. This workshop introduces the basics of choosing the
appropriate tool (such as the right bank account) for your savings plan,
developing effective saving strategies using short-, medium- and long-term
goals and building a realistic budget.
Your students will learn the following important lessons:
- Different types of bank accounts have different fees and interest, so choosing the right one for you is an important first step to effective savings
- Saving is about strategies to help get you want you want in the long term – not about taking the fun out of life
- Saving is easy! There are simple tips and tools to help you save and it doesn’t have to be a hard-slog
- You should set short, medium and long terms goals to help keep yourself on track
- A budget is like a battle-plan for savings, so building an effective budget strategy can be the difference between saving success and failure
- Start now! Saving is about starting early
SmartSpending
Teenagers are one of the most active and powerful consumer groups in
the world, and more and more are being targeted by corporate advertising.
From the big expenses like their mobile phones or their first car,
right through to the small impulse purchases that all add up, developing
sound spending habits can make an enormous difference in teenager’s
lives. This workshop will help students become smart and engaged consumers
with close control over their personal finances.
Your students will learn the following important lessons:
- That the golden rule to Smart Spending is to buy the right things, at the right price, the right way.
- Managing your mobile doesn’t mean not talking to your friends: shop around for the right plan for you, learn to read and interpret your bill, evaluate your plan VS pre-paid options and know your plan inside out.
- Buying a car costs a lot more than the price on the sticker - know the traps of hidden costs and learn to factor opportunity-cost into your buying decisions.
- Fight the temptation to take good today over great tomorrow
- There is a difference between rational and emotional purchasing, learning about consumer pressures and impulse buying can help keep your spending under control
- Credit cards are like spending other people’s money, and the price you pay for the privilege is interest. Credit is neither good nor bad, it’s just about how you use it.
- A bad credit rating can severely effect your ability to do things in the future.
YEAR 11 (recommended year level)
SmartInvesting
Investing is making your money work for you! Many students think that
you need a lot of money to start investing, or that investment is
only about buying expensive shares… but the truth is that anyone
with a bank account is already investing. Learning more about all the
different types of investment that are out there, and also how being
exposed to the right investment mindsets can be crucial in making investment
something real, accessible and profitable.
Your students will learn the following important lessons:
- Investing doesn’t require large amounts of capital – anyone with a bank account may already be investing.
- The hardest thing about investing is getting into the right mindsets: that there is enough money in the world to go around; that if you follow the right steps and get the right advice, investment is accessible to everyone; and that investment opportunities are everywhere, you just need to know where to look.
- There is a multiplicity of investment types: cash, real estate, collectibles, shares, venture capital etc.
- All investments involve risk, and people are comfortable with different levels of risk (their ‘risk profile’). They need to understand their risk profile and implement strategies appropriate to their personal profile
- The higher the return, the higher the risk
- Some investments provide a stream of income, while others provide capital growth
- It is important to diversify investments to spread the risk
- How to spot a scam: if it sounds too good to be true, it probably is!