Explain why a country needs a budget/tahua.
Explain how a country can get into debt/nama and how this is managed in Aotearoa New Zealand.
Discuss causes and effects of a country overspending. Find a current example.
Summarise the government’s spending priorities. If you were Prime Minister, what would your priorities be for the youth of New Zealand? Justify your choices and support them with evidence.
Evaluate how financial decisions made by parliament impact on the choices we have as citizens.
Evaluate how financial decisions made by parliament impact on the choices made by groups, organisations or businesses.
This resource supports learners to understand how government supports to manage money in Aotearoa New Zealand.
The resource has a learning objective to explore Financial Identity through Social Sciences and provides an integrated and cross-curricular learning experience that can be used in multiple ways.
The learning experience in this resource is aligned to SOLO Taxonomy and gives choices throughout the learning process.
Define financial identity. What are your values, attitudes, behaviours, and skills regarding money?
Describe your money personality. How do you react to sales and advertising? Do you have any strategies you use before you buy something? Are you an impulse buyer?
Take the Sorted Money Personality quiz.
Analyse the strengths and weaknesses of your money personality. What areas do you need to improve on and what areas are you managing well?
Compare and contrast the differences between needs and wants.
Read Needs and wants – Shopping decisions and discuss whether each item is a need or a want.
Explore ideas about identity
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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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