Wednesday 26 November 2014

Financial Literacy

In case your child is coming home and asking about how much groceries cost, or how much a bond is, here is a look at our current Maths assignment!

Don't forget the sorted.org.nz

How do I make Sense of Cents? – Group Flatting Project

Scenario:
 A group of you have decided to go flatting!! You are in your first year out of high school and are either studying at a Tertiary institute or have your first fulltime job, at the minimum wage.

Consider:
Where are you in New Zealand? Hawke’s Bay, Palmerston North, Dunedin etc.
What is your location??  How far away are you from your Tertiary Institution or job?
You have NOTHING except clothing and your parents’ best wishes – in the form of $1500!!!!
You can have up to $3000 saved.

Tasks:
 Complete as an A4 size booklet or as a google presentation – one for the whole group

Title page: (“Freedom Flatting” or title of your own) and names of group members.

 A Map of your area with the flat location, job location and Tertiary Institute location. Include other relevant details such as local bus routes, closest supermarket and ATM machine etc!!

Itemise everything that you purchase to set up your flat. You must have proof of all costs. For example cut out of the paper, brochures or computer print outs from web sites.  You are setting up a flat from scratch!! 
Be aware that there are quite different costs for bond, electricity and water. 


You need to feed yourselves. Work out your menu for the flat for the week and decide what groceries you would need to buy and how much they would cost. Itemise (Countdown website would be useful for you!) 

No comments:

Post a Comment