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?
60%-75%
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?
The envelopes with the scenarios helped my aakonga to think of the scenarios in real life (even the one with the alien).
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?
I used the logic puzzle as a whole class activity and used Monopoly money to add a bit of competition. Both teams had a set amount to start with, they could earn money by demonstrating any of our values especially the ability to work as a team. Aakonga were also taxed for not being a good example including cheating - there needed to be proof of course. The video of the two mates using the orange and blue M&Ms to aawhina understand compound interest was really good.
How have conversations in your classroom changed over the course of teaching this kit?
Aakonga made genuine changes in their thoughts about money, some shared how their whaanau discuss the use and how they save which was great.
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?
