Exposure to financial risk is higher today than it's ever been.

Young people often have credit card and student loan debt, own expensive technology, do banking and purchasing online, face high rents, have open social media profiles and travel. Each of these can increase financial risk. Unfortunately, many young people have limited skills to manage these risks.

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1. Develop Smart Money Skills

The financial capability unit standards help develop the personal money management skills of secondary school students, preparing them for life after school.

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2. The Financial Capability Matrix

There are standards at level 1, 2 and 3 which are grouped into five themes:     

• Managing Money
• Setting Goals
• Credit and Debt
• Saving and Investing
• Insurance and Risk

Check it out below. Click on the hyperlinked title of each standard to be taken to the resource.

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3. Graded Standards & Credits

Most standards are graded (AME) which will help your students to get an endorsement at level 1, 2 & 3 with merit or excellence.

The standards that can only be awarded with achieved are older standards that have been updated and fit nicely into the financial capability matrix.

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Credits from the Financial Capability standards can be used towards NCEA level 1, 2 & 3.

The credits do not count directly for numeracy credits, but can be used as naturally occurring evidence. Useful NZQA Links:   

• Gathering evidence of achievement
• Assessment support material

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4. Develop a Course

• Use the themes across the levels. The budgeting standards are the most popular. They have the highest numeracy content and fit particularly well into maths and life skills courses.
• Join at least 5 standards across each level to add up to greater than 14 credits for a course.  If your students are wanting endorsed with excellence or merit, then make sure there is an external standard included into the course.  This external standard could come from any learning area.
• Use the most recent version of the standard, and check you have the current version of the Young Enterprise resource, which are all valid for the current version of the standard.
• Ensure the course is included in the subjects recorded with your Principal’s nominee. Check with your Principal’s nominee that the course is recognised.

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5. The Download Package

Each standard includes:

• Student Workbook
• Student Workbook Sample Answers

Plus, registered educators will also receive:

• Student Assessment
• Assessor Guidelines

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Resources Available

Workbooks, Workbook Sample Answers, Assessments, and Assessor Guidelines are available for these standards:

• Managing Money
  • US 24709 V5, L1
  • US 24697 V4, L1
  • US 24695 V4, L2
  • US 28098 V4, L3
• Setting Goals
  • US 28094 V4, L2
  • US 28100 V4, L3
• Spending & Investing
  • US 28097 V3, L2

Browse our Financial Capabilities Unit Standards resources here.

Resources for many other standards are available from Sorted in Schools.

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