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Checking the right amount of super was paid
Part 1: Calculating superannuation
Moneysmart has a tool that you can use to calculate the amount of super that should have been paid by your employer into your super fund each pay. Use the employer contributions calculator to find out how much superannuation that should have been paid for Alex, Bin and Suzie.
Super details
Alex – 15 years of age, worked 20 hours
Bin – 21 years of age -worked 38…
WorksheetEconomics & BusinessYear 10Government decision cards
Print one copy for every 6 students, cut into individual cards and distribute one set to each group.
Healthcare policy
No
Decision
Satisfaction
Cost
1.
Free healthcare for all.
+10
-7
2.
Subsidise healthcare for all.
+8
-5
3.
Subsidise healthcare based on need.
+5
-2
4.
Don’t subsidise healthcare – user pays.
1
0…
InformationEconomics & BusinessYear 7Saving and savings goals
Part 1: Saving to achieve goals
Dev is a 25-year-old business consultant and earns a disposable income of $80,000 a year. His expenses for the year are $65,000. This includes his entertainment costs of about $10,000 a year.
Dev has lots of items on his wish list, including overseas travel in the next 12 months and having the deposit to buy a home in the next 5 years. He estimates that his overseas travel will cost him about $20,000 and he will…
WorksheetEconomics & BusinessYear 9Managing financial shocks
How to manage financial shocks
Everyone is at risk of experiencing a sudden financial shock, even young people. You get sick and can’t work, you lose your job, your phone needs to be replaced, you receive a higher phone bill than expected, you receive a fine — there are endless scenarios.
If you don’t have a savings buffer to fall back on when these unexpected events occur, you will have to borrow money from someone you know, or as you grow…
ExplainerEconomics & BusinessYear 9The importance of having a savings buffer
Read the information and then answer the questions in your workbooks. Refer to Managing financial shocks – Explainer.
Meet Noah
Noah’s current situation
Noah is a year 9 student with a casual job at a local café. He has a tendency to spend all of his earnings and does not have any savings. Last month he borrowed money from his parents to purchase a new mobile phone. He has promised to pay $40 each month to pay back the debt. He is locked…
WorksheetEconomics & BusinessYear 9Decision-making strategy
Linked activities:
You make the decision (AC v9.0)
You make the decision (AC v8.4)
Making government decisions
VisualiserEconomics & BusinessMaking government decisions
Scenario
The government has been advised by the Minister for Health that there are not enough hospitals, cancer treatment centres and practising health consultants in regional areas to cope with number of patients currently seeking medical help for allergies, flu and cancer. They are advised that they need to spend another $5 million on these health services.
The government has 4 options:
Borrow the money
Sell government-owned assets such…
InstructionsEconomics & BusinessYear 8Investment risks and rewards
Asset classes
You can choose how to invest your money. Different asset classes include:
Cash (for example, a savings account)
Fixed interest such as fixed term deposits and government bonds
Property
Shares
Alternative investments such as cryptocurrency, hedge funds
Alternatives are not suitable for every investor. They are most attractive and more suitable for more sophisticated and higher-net-worth investors.
Adapted from Moneysmart, ‘…
ExplainerEconomics & BusinessYear 9