Our Blog

We are a year 5/6 (9-10 year olds) class from Bairds Mainfreight Primary School in Auckland, NZ.

You can see some of our learning that took place in Room 12 in 2010 and 2011.

NB: I have moved to a new school now so this blog is no longer active. You are still welcome to comment and look at the great fun we had over the past two years.

Thank you for all the lovely comments :)
Tara T-J
Contact : (@taratj on Twitter)

Monday, October 11, 2010

Financial Literacy

We are learning some financial words before we start our inquiry of "The Real Cost of Pets" (FIO)

Here are the ones we know:
NEEDS mean items you must have
WANTS what you would like but dont really need
DECISION selecting a choice
GOALS what you want to acheive
INCOME - Money you earn
CHOICES - Options you have before making a decision
SAVINGS - money you put away

Here are the tricky ones:

DEBT - what you owe other people
LOAN - money you borrow and have to pay back
CONSEQUENCES - what happens after a decision you make

We had a discussion about PROFIT - the children wondered if PROFIT was ILLEGAL

What do you think???

1 comment:

  1. Maybe the amount of profit could be illegal?