Last week we had Amy from ASB Get Wise come to teach us about financial literacy. Amy said she would train the class to use and save money.
Firstly we learnt how to make a training plan to reach money goals. The goal had to follow the acronym CASH, which stands for,
C - clear - what we are saving for? what we want? price? (this involves research)
A - Action - How can we earn money, for example, chores or turn a chore into a business
S - Saving - how much will we save a week?
H - How long
We then went through an example about a girl who wanted to buy rugby boots, using CASH.C - Researched and found boots that will cost $60
A -Turned her chores into a business. Putting out neighbours $50c a wheelie bin
S - Spend $2 a week
H- Will take her 20 weeks
We then discussed as a class what things we could do to reach our target earlier.
- more chores
- cheaper boots
- borrow the boots instead
We then split into teams and had to make a money goal for our stick character, we had to start with a small goal and practise earning money
We then played charades to act out act out how we would make the money.
Amy taught our class a lot about saving money and we had a lot of fun doing it.
Kia ora Room 7,
ReplyDeleteWhat a cool thing to be learning about! I think the CASH method is a smart one, you can't always have things instantly and saving up means that you wont regret what you have bought. When I was 9 I saved up for a whole year with the aim to own/have a $100 note! It took me a really long time but it was pretty cool to be able to say that I had a $100 note that was all mine! Do any of you have anything you are currently saving for?
- Miss Morgan
Hi Miss Morgan, Thank you for commenting. Sean is saving for a Millennium Falcon - Lego.
DeleteJacob is saving for a scooter. Hamish is saving for a trip to Australia. Tori is saving for a tablet.
Do you have any savings goals at the moment?
Wow cool! That will take you a while to save for! Do you have a timeline for these goals? What are you doing to save up?
DeleteI do have saving goals! I am saving to renovate my house!
Bonjour its Nevaeh and Tori here. Thank you for commenting on our blog. Nevaeh is saving up to go to Rarotonga with her family and Tori is saving up for a tablet and an iPhone x.
DeleteHi Miss Morgan, it's Venice and Talisa from Room Seven.
DeleteThank you for commenting on our class blog. We both agree that saving money is a good thing. Venice is saving up for $100 Roblox gift card. Talisa is saving up for a printable camera. We hope you get what your saving up for. That will be all from us bye.
Hi it's Lennox and Nuu from Hornby Primary School. Thank you for commenting on room 7 blog. Yes Sean would like to get Lego in around 2020. Tori doesn't have any timeline of getting a tablet. Also Jacob and Hamish doesn't have a timeline for saving up for a scooter. Do you have a time line to renovate your house? Have a good day bye!
ReplyDelete