2008 Financial Literacy Grant Recipients

Broome Senior High School
Broome WA
Spending or Sharing – Managing Resources across Cultures

Broome Senior High School will use its Financial Literacy Grant for its ‘Spending or Sharing – Managing Resources across Cultures’ initiative, aimed at senior Aboriginal students. Students will take part in practical financial activities and develop awareness of how the non-Aboriginal economic system works, particularly earning an income, spending, saving, budgeting, credit and purchasing assets. The values that underpin the different cultural ways of managing resources will also be critically analysed by students in order for them to develop skills to develop financial independence after leaving school.

Dale Christian School
Armadale WA
I Can Achieve Financially

Dale Christian School, in Armadale, received a Financial Literacy Grant for its Year 9 and 10 student initiative, ‘I Can Achieve Financially’. This program aims to ensure that students develop the financial literacy skills needed to independently control personal finances in the future. Students will learn about important financial skills such as saving, spending, earning money and running a business, through hands-on activities like developing a budget and personal savings calculator, meeting with financial advisors, and participating in money games.

Geraldton Senior College
Geraldton WA
A Survival Guide to Shopping for a Mobile Phone

Year 10 students at Geraldton Senior College are set to benefit from an initiative called ‘A Survival Guide to Shopping for a Mobile Phone’. Students will learn the rights and responsibilities of the consumer, focusing on a topic that is important to almost every student – the mobile phone. Topics covered include contracts, advertisements, consumer scams, procedures, language and reading the small print. Based on their new-found understanding of this element of financial literacy, students will then create their own individual survival guide for young people.

Great Southern Grammar School
Albany WA
Fabulous Funky Food

Great Southern Grammar School, in Albany, was awarded a Financial Literacy Grant for its project, ‘Fabulous Funky Food’. Targeted at Year 8 students, the program is a food enterprise course designed to give students an opportunity to understand small business management, to make links with the local business community and to manage real money. Students will develop their financial literacy skills by analysing local businesses, researching their needs and then applying these skills to their own food based enterprise.

Intensive English Centre North Lake Senior Campus
Kardinya WA
Money as a Second Language

The newly established Intensive English Centre at North Lake Senior Campus in Kardinya plans to teach money management to its migrant and refugee students. ‘Money as a Second Language’ will combine teaching English with a range of financial terms and financial concepts, covering issues such as understanding money, personal finance and consumer education. Students will gain knowledge of key Australian financial practices to ensure they can live independently in their new country.

Kensington Secondary College
Kensington WA
ATMs, Banks & Computers: The ABCs of Money

Kensington Secondary School has received a Financial Literacy Grant for its ‘ATMs, Banks and Computers: The ABCs of Money’ program, developed for intellectually disabled students. Teaching students modern electronic banking practices, students will learn about ATMs, EFTPOS, bank services and Internet banking. The program aims to ensure that each student develops financial literacy skills relevant to their needs so that they will be able to confidently access and manage their personal finances.

Lockridge Senior High School
Kiara WA
Financial Literacy for Independence

Lockridge Senior High School, in Kiara, has been awarded a Financial Literacy Grant for its initiative to help disadvantaged Year 11 and 12 students understand the importance of money management when they leave school. Students will consider the financial implications of food shopping, using mobile phones and credit cards, renting, budgeting and buying a car. By focusing on what is relevant to each student for their everyday lives, the program will teach students to make sensible decisions regarding their own personal finances.

Lumen Christi College
Gosnells WA
Buy My Life

Lumen Christi College, in Gosnells, received a Financial Literacy Grant for its Year 9 and 10 student program, ‘Buy My Life’. Students will be required to create the type of life they would like to live in the future, develop tools to analyse how this life would be funded, and then select a career which allows them to afford this lifestyle. As the outcome of their research, students will produce a personal folder of useful financial information for their future.

Nagle Catholic College
Geraldton WA
Accounting, Finance and Success – You Can Bank On It!

‘You Can Bank On It’ aims to develop the financial literacy of Year 10 students at Nagle Catholic College, encouraging the development of skills in managing money and understanding banking, insurance and major purchases. Students will learn about the way money circulates in an economy, gain knowledge of shares through hands-on activities, understand taxes, tax returns, the role of the banking sector and how to start a small business enterprise. At the conclusion of the program, students will be equipped to make rational economic decisions.

Schools of Isolated and Distance Education (Secondary School)
Leederville WA
Responsible Saving and Spending

Schools of Isolated and Distance Education (Secondary School), in Leederville, will use its Financial Literacy Grant to help its educationally challenged Year 8 students develop an understanding of responsible saving and spending habits. Through web conferencing lessons, students will learn how to prioritise saving and spending, using real life scenarios and case studies from family and community members to fuel an understanding of the consequences of financial decisions.

South Fremantle Senior High School
South Fremantle WA
Motivated to be Money Smart

South Fremantle Senior High School has received a Financial Literacy Grant for its program, ‘Motivated to be Money Smart’. By tapping into key interest areas across all years, this whole-school approach aims to illustrate how to make financial decisions and choices. The initiative will filter across Year 8 to 11 in the first year. Year 11 students will critically evaluate personal finance self help books; Year 10 students will participate in personal finance board games; Year 9 students will undertake special studies on the economy; and Year 8 students will work to understand the role of the consumer in the economy.

Yakanarra Community School
Fitzroy Crossing WA
Food for Thought

Attended by local Aboriginal students, Yakanarra Community School plans to use its Financial Literacy Grant for its program, ‘Food for Thought’. As students live in a remote area with only a small local store, they will raise seedlings and grow produce to sell to the shopkeeper, presenting their learnings at the end of the project. This hands-on approach will allow them to demonstrate what they’ve learned about buying, selling, profit and loss – as well as the value of money and goods in a business context.