Explain why it is important to have goals that cover different time frames. Give examples of a short-term, a medium-term, and a long-term goal you could set for yourself.
List and explain some factors that could affect your short-term, medium-term and long-term goals. Consider how you manage your money, your spending habits, and life events. You may find the financial planning tool helpful.
Show evidence of some financial goals you have set for yourself.
Evaluate the importance of setting goals and justify why it is important for individuals to set personal financial goals.
Examine how products may have different prices depending on brand choices. Choose two products and record their different brand prices. With your understanding of percentages, calculate the percentage differences in prices between brands. Suggest possible items Simon could recommend his family purchases for the picnic in Planning a family picnic
Show evidence of saving over a short period of time and justify the money made in the process.
Monitor saving and evaluate how successful you were at the end of a given time.
Evaluate the best options for money saved for a short term or medium term, and for long-term saving/investments.
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Equipping young people for their financial future, embedding good money habits early on.
Hāpaitia te ara tika, pūmau ai te rangatiratanga mo ngā uri whakatipu.
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