12FLS

12 Financial Life Skills (12FLS)

Course Description

Teacher in Charge: Nadene Brouwer, Nerida Britten.

12 Financial Life Skills

This course will provide you with a good understanding of financial literacy and how your own personal finances can affect your life. It will teach you about budgeting and managing money, and how significant life events can impact this. We explore 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
  • Insurance products
  • Understanding employment and taxation

Course Overview

Term 1
In Term 1, students will be learning how significant life events can affect their personal income at different life stages, and about personal financial savings and investment options.

Term 2
In Term 2, students will be learning about different banking products and services in relation to their personal finances. Students will also learn how to write a budget and set a financial goal.

Term 3
In Term 3, students will be learning about various insurance products as financial risk management strategies, and taxation and deductions that are related to personal income.

Recommended Prior Learning

Open Entry

Pathway

Assessment Information

Possible Credits
External - 0 credits
Internal - 15 credits

Credit Information

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

Total Credits Available: 15
Internal Assessed Credits: 0
External Assessed Credits: 15
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
U.S. 28097 v3
NZQA Info

Explain and select banking products and services in relation to 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: 15
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0