Understanding compound interest (what it is and how it works) is a big part of this kit. What percentage of your students demonstrated a clear understanding of the power of compound interest by the end of the learning?
45%-60%
How easy did your students find the Sorted Calculators to use?
Which part/s of the kit did you find the most useful in supporting you to teach financial literacy and why?
We only got through the info on the first column of the planner. We had set aside 6x1 hr periods from whanau class time. This got constantly interrupted by our Dean taking students out and this caused chaos.
How would you rate the change in your own understanding of compound interest, KiwiSaver and debt, prior to engaging with this kit?
Can you share any standout moments or student reactions while using the kit?
The students playing with the sorted calculator commented about how if they had some money they would put it in the bank with compounding interest but their bank had a minimum amount. They thought they should save up that amount and get things started and add to it when they could.
How have conversations in your classroom changed over the course of teaching this kit?
As I said... only partway through the kit. The conversations around school have changed. Students engaging with me while on duty asking for clarification on ideas and then this has spilled over into commerce 'Market Day' with students outside of my class wanting to join in with a product so they can make money.
How would you rate the change in your students understanding of compound interest, KiwiSaver and debt prior to engaging with this kit?
How useful would you say the kit was at extending students overall financial literacy?