Student learning

• When we make spending decisions, we need to differentiate between ‘needs’ and ‘wants'.
• People and businesses often have short and long-term goals that guide their decision making.
• Entrepreneurs have good ideas and the drive to make their ideas succeed.
• Individuals and families choose to earn, spend and save their money in many ways.
• Items that are essential for our health and well-being are termed ‘needs.’
• Non-essential items are termed ‘wants’.
• The choices we make as individual’s impact on our wealth and well-being.
• Activities and projects require financial resources, and these must be planned for.

Curriculum links

This unit of work relates to the following key competencies and values:
Thinking; Managing Self; Participating and Contributing; Respect; Innovation, Inquiry and Curiosity; Integrity.

Students taking part will

• Describe the enterprising and entrepreneurial attributes that Paulina displayed in the story.
• Differentiate between needs and wants.
• Give examples of short-term, medium-term and long-term goals.
• Describe different ways people acquire money, including earning it through work.
• Give examples of financial risks, and ways these can be minimised.

Download includes:

• ESB6: The Princess and the Pizza