Saving, investing and super
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Introduction
In this activity, students explore what they can do with their money and the risks and rewards associated with each option, that is saving, investing and superannuation. They consider the trade-offs associated with each option and decide what they would do if they had a windfall.
This activity contributes to the following outcomes.
A student:
- applies consumer, financial, economic, business, legal, political and employment concepts and terminology in a variety of contexts COM5-1
- analyses key factors affecting decisions COM5-4
- evaluates options for solving problems and issues COM5-5
- works independently and collaboratively to meet individual and collective goals within specified timeframes COM5-9
Related Stage 4 outcomes: COM4-1, COM4-4, COM4-5, COM4-9
Related Life Skills outcomes: COMLS-7,COMLS-13
Content descriptions
Core 1: Consumer and financial decisions
Consumer and financial decisions
Students:
- examine how individuals make particular decisions, including: (ACHEK053)
- whether to spend or save, for example, being prepared for unexpected expenses
Financial management
- discuss the role and importance of long-term financial strategies, including superannuation
- investigate tools and strategies for effective financial management, including:
- savings and superannuation plan
Option 2: Investing
Reasons for investing
Students:
- examine individual and business investment, including: (ACHEK018, ACHEK020, ACHEK040)
- the reasons individuals and businesses may choose to invest
- the range of ways to finance investment, including through savings, borrowings and superannuation
Investment options
Students:
- outline the range of investment options available, including:
- the relationship between risk and return for a range of investment options, e.g. managed funds, property, shares, superannuation (ACHEK040)
Teacher resources
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Saving, investing and super
Student learning resources
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Saving, investing and super
Saving, investing and super
What would I do with a windfall?
Suggested activity sequence
This sequence is intended as a framework to be modified and adapted by teachers to suit the needs of a class group. The activity was written for students in Stage 5, however it can be modified to suit the needs of Stage 4 students and Life skills students. If you assign this activity to a class, your students will be assigned all student resources on their 'My learning' page. You can also hand-pick the resources students are assigned by selecting individual resources when you add a work item to a class in 'My classes'.
- As a class, read the explainer, clarifying terms and concepts. Alternatively, students read these sections of the explainer individually or in pairs and take notes using the Cornell note taking system.
- Use a grouping strategy to organise students into groups of 4.
- Groups collaboratively complete the group worksheet.
- Invite group responses. Use the visualiser to show possible answers to each question.
- Initial groups decide on the trade-offs associated with superannuation and share their responses with the class.
- Students individually complete the worksheet.
- Invite students to share their choice and reasons for it with the class