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Financial identity assessment for

Social sciences

Formative assessment is an ongoing process throughout teaching and learning. The assessment rubric can be downloaded, and learning outcomes highlighted and, or hyperlinked to evidence.
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Level 4

Formative assessment: financial capability learning progressions

Assess: Where am I? What am I doing? What do I do next?

Refer to the assessment guide to see the types of learning outcomes that can be gathered as evidence of learning.

Assessments
accordion

Where am I?
What am I doing?
What do I do next?

Prestructural

Unistructural

Multistructural

Need it/Know it

Relational

Think it/Link it

Extended Abstract

Extend it /Defend it

Manage money and income glossary :


Money



With support I can list different ways of paying and receiving payments for goods.

I can list one relevant way of paying and receiving payment for goods.

I can list several relevant ways of paying and receiving payment for goods.

I can compare different ways of paying and receiving payment for goods e.g. debit cards.

I can explain the differences.

I can compare different ways of paying and receiving payment for goods e.g. debit cards.

I can explain the differences and can make judgments about what is the best option for me.

Manage money and income glossary :


Spending






With support I can describe different ways to get value for money when spending.

I can list one way to get value for money when spending.

I can describe several relevant ways to get value for money when spending.

I can describe several relevant ways to get value for money when spending and I apply this to my choices around spending.

I can make a generalisation about a range of ways to get value for money when spending.



With support I can discuss external factors that can affect people’s financial choices.

I can discuss one relevant external factor that can affect people’s financial choices.

I can discuss several relevant external factors that can affect people’s financial choices.

I can discuss several relevant external factors that can affect people’s financial choices and I can explain what influences my choices.

I can evaluate external factors that affect people’s financial choices, prioritise their impact, and justify my explanations.

Manage money and income glossary :


Credit and debt glossary

I need support to understand debt glossary .

I can list one relevant idea about debt glossary .

I can list several relevant ideas about debt glossary .

I can discuss differences between “good” and “bad” debt glossary and can explain to another person what the difference is.

I can discuss differences between “good” and “bad” debt glossary and I can evaluate why one is good to have and the other is not.

Manage money and income glossary :


Saving and Investing

I can list relevant ideas about saving choices for individuals, whānau, or groups, with support.

I can list one relevant idea about saving choices for individuals, whānau or groups.

I can list several relevant ideas about saving choices for individuals, whānau or groups.

I can compare differences and similarities

in saving choices and outcomes between individuals, whānau or groups.

I can compare differences and similarities in saving choices and outcomes between individuals, whānau or groups. I can make generalisations about the impact of these choices and validate with supporting evidence.

Financial Management Budgeting is a financial tool.

I can identify a financial commitment with support.

I can identify one regular financial commitment individuals, whānau or groups have to make.

I can identify several regular financial commitments individuals, whānau or groups have to make.

I can identify regular

financial commitments individuals, whānau or groups have to make and I can explain the positive and negative impacts of these.

I can identify regular financial commitments individuals, whānau or groups have to make and can evaluate the positive and negative impacts of these.

I can make a generalisation about the impact these outgoings have on my potential savings.

I can read a simple bank statement with support.

I can read one part of a bank statement, to monitor a given budget glossary .

I can read several parts of a bank statement, to monitor a given budget glossary .

I can use money management tools, including bank statements, to monitor a given budget glossary and I can apply changes to a given budget glossary .

I can use money management tools, including bank statements, to monitor a given budget glossary and I can apply changes to a given budget glossary .

I am checking my financial status regularly and I can respond to impacts and adjust when necessary.

With support I can start a budget glossary .

I can identify one element of a budget glossary .

I can identify several relevant elements of a budget glossary .

I can plan relevant short term glossary , medium term glossary and long-term aspects within a financial plan and can explain why these are relevant.

I can plan relevant short term glossary , medium term glossary and long-term aspects within a financial plan and can explain why these are relevant.

I can create a budget glossary for a specific activity and time frame that is relevant to me.

Objectives
accordion

Students will gain knowledge, skills, and experience to understand how formal and informal groups make decisions that impact on communities.

Prestructural

Unistructural

Multistructural

Relational

Extended Abstract

I need support to understand how formal and informal groups make financial decisions that impact on communities.

I can state one relevant idea about how formal and informal groups make financial decisions that impact on communities.

I can state several relevant ideas about how formal and informal groups make financial decisions that impact on communities.

I can state several relevant ideas about how formal and informal groups make financial decisions that impact on communities, and explain these impacts.

I can state several relevant ideas about how formal and informal groups make financial decisions that impact on communities and I can explain these impacts.


I can evaluate one of those decisions and I can support with evidence.

Level 5

Formative assessment: financial capability learning progressions

Assess: Where am I? What am I doing? What do I do next?

Refer to the assessment guide to see the types of learning outcomes that can be gathered as evidence of learning.

Assessments
accordion

Where am I?

What am I doing?

What do I do next?

Prestructural

Unistructural

Multistructural

Need it/Know it

Relational

Think it/Link it

Extended Abstract

Extend it /Defend it

Manage money and income glossary :

Money



I need support to list different ways of paying and receiving payments for goods and services glossary .

I can list one relevant way of paying and receiving payment for goods and services glossary .

I can list several relevant ways of paying and receiving payment for goods and services glossary .

I can compare different ways of paying and receiving payment for goods and services glossary e.g. debit cards.

I can explain the differences.

I can compare different ways of paying and receiving payment for goods and services glossary e.g. debit cards.

I can explain the differences and make judgments about what is the best option for me.

Manage money and income glossary :

Spending

 

I need support to describe different ways to get value for money when spending.

I can list one way to get value for money when spending.

I can describe several relevant ways to get value for money when spending.

I can compare several different ways to get value for money when spending and apply this to my choices around spending.

I can describe several relevant ways to get value for money when spending and apply this to my choices around spending.

I can reflect on my spending and demonstrate a change in behaviour.

I need support to understand what an external factor is.

I can discuss one relevant external factors that can affect people’s financial choices.

I can discuss several relevant external factors that can affect people’s financial choices.

I can discuss several relevant external factors that can affect people’s financial choices and I can explain what influences me.

I can discuss several relevant external factors that can affect people’s financial choices, explain what influences me, and make changes to external factors as they occur

Manage money and income glossary :

Credit and debt glossary

I need support to understand interest glossary .

I can state one relevant idea about interest glossary

I can state several relevant ideas about interest glossary and I can identify simple interest glossary .

I can compare banks and other financial institutions according to interest glossary .

I can compare banks and other financial institutions according to interest glossary and I can make a judgment call on the best rates at a given time.

Manage money and income glossary :

Saving and Investing

I need support to calculate simple interest glossary .

I can work out simple interest glossary over a given time.

I can work out simple interest glossary over a 12 month period.

I can explain and calculate compound interest glossary .

I can explain and calculate compound interest glossary related to spending on an everyday item.

Budgeting and financial management:

Budgets are a financial tool.

I need support to identify needs and wants glossary .

I can identify one need or want within the framework of a budget glossary .

I can identify several needs and wants glossary of individuals, whānau, or groups to be included in the budget glossary .

I can analyse what elements are required in a budget glossary . I can plan the outcome and apply the wants and needs to the budget glossary framework.

I can create an individual, whānau or group budget glossary which prioritises needs and wants glossary and I can support others in budgeting and making financial plans.

I cannot identify a financial management tool without support.

I can identify a financial management tool.

I can use budget glossary templates to help

monitor budgets.

I can use online management tools and I can explain the importance of using them to monitor and track the progress of the budget glossary .

I can respond to impacts and adjust my budget glossary when necessary by using online financial management tools.

Objectives
accordion

Where am I?

What am I doing?

What do I do next?

Pre-structural

Unistructural

Multistructural

Need it/Know it

Relational

Think it/Link it

Extended Abstract

Extend it /Defend it

Students will gain knowledge, skills, and experience to understand how economic decisions impact on people, communities, and nations.

I am unable to understand about how economic decisions impact on people, communities, and nations.

I can state one relevant idea about how economic decisions impact on people, communities,

and nations.

I can state several relevant ideas about how economic decisions impact on people communities,

and nations.

I can state several relevant ideas about how economic decisions impact on people communities, and nations. I can explain the impact of these decisions and how people and communities respond.

I can state several relevant ideas about how economic decisions impact on people communities, and nations. I can explain the impact of these decisions and how people and communities respond.

I can evaluate the outcomes

of these decisions and can find evidence to validate and justify the outcomes.

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