Explore ideas about setting goals and how to achieve them through generating a budget.  Use the Sorted budgeting tool to help explore different categories of expenses. (You will need an understanding of percentages and fractions).

Define the time frames for short-term, medium-term, and long-term goals.  Describe times when you have set any short-term, medium-term, or long-term goals for yourself.

Explain how plans for managing money help individuals, whānau, organisations, and governments to reach their goals.

Compare needs and wants. Write a statement differentiating between the two. In pairs, discuss the following items and classify as a need or a want.

• Car
• Food
• Phone

Read Planning a family picnic and identify Simon’s choices as needs or wants. Justify your decisions to a partner.

Compare foreign currencies and discuss taxes on goods purchased from overseas.

Prioritise Simon’s needs and wants and explain how to rank these.

On Decide what to save for – How, when, and how much?, go to “Explore setting goals and managing your money”.
Explain possible impacts on your financial plan.

Consider any relevant short-term, medium-term, and long-term factors that may impact on your plan and explain why these are relevant by hyperlinking to your plan.

Complete Planning your financial future. Explain any commitments and outgoings that will impact on the financial plan.

On Planning your financial future, go to the extension activity. Justify your choices of ratio amounts for the different categories, linking them back to Leoni’s overall goals.

Describe aspects of your spending that are more a want than a need. Give an example(s) 

Create a plan for Leoni to manage her money so that she can reach her goal of owning a car in a shorter amount of time. Suggest some different pathways she could explore.

Using the prompting questions below reflect on how needs and wants shape your identity:

• Does your identity depend on having certain labels to wear?
• Are wants enablers or barriers to your identity?

Explain how your ideas about ‘what is a need and a want’ have changed after this learning.

The 2018 budget/tahua was called a wellbeing budget. Describe what a wellbeing budget/tahua means.

List ways that a country can save money/moni.