12FLS2

12 Financial Life Skills (12FLS2)

Course Description

Teacher in Charge: Nadene Brouwer, Nerida Britten.

12 Financial Life Skills

SEMESTER TWO COURSE

Financial Life Skills explores the themes of managing money and income, setting financial goals, and managing financial risk

Course Components

  • Investigating the financial life stages
  • Managing debt and KiwiSaver
  • Becoming financially secure and responsible
  • Banking products
  • Understanding employment, taxation and investment

This course is split into two semesters: students can take just one course or both.

Course Overview

Term 2
In Term 2, students will be learning how significant life events can affect their personal income at different life stages, or if they completed Semester 1, how tax relates to their personal income.

Term 3
In Term 3, students will learn how to write a budget and set a financial goal. They will also learn about various insurance products as financial risk management strategies.

Semester 2
U.S. 28092 v4 Explain the effect of significant life events on personal income at different life stages, 3 Credits
OR for students continuing U.S. 24695 v4 Explain taxation and other deductions relating to personal income 2 Credits, 26 July
U.S. 28094 v4 Produce a household budget, set a financial goal and review and adjust the budget to achieve the goal, 3 Credits, 30 August
U.S. 28096 v4 Explain insurance products as financial risk management strategies for personal finances, 3 Credits, 25 October

Recommended Prior Learning

Open Entry

Assessment Information

Possible Credits
External - 0 credits
Internal - 6/9 credits

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

Total Credits Available: 12
Internal Assessed Credits: 0
External Assessed Credits: 12
Optional Credits Available: 0
Optional Internal Assessed Credits: 0
Optional External Assessed Credits: 0
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
U.S. 28092 v4
NZQA Info

Explain the effect of significant life events on personal income at different life stages


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28094 v4
NZQA Info

Produce a household budget, set a financial goal and review and adjust the budget to achieve the goal


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28095 v4
NZQA Info

Explain personal financial savings and investment options


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28096 v4
NZQA Info

Explain insurance products as financial risk management strategies for personal finances


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 12
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0