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?
45%-60%
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 sorted savings tool was really great and supplemented the other parts of my unit that weren't from the school kit as well. I did like the letters and how rich they were with information - I just needed some more scaffolding for how to make best use of this. Maybe some worksheets or questions for students to go through and help them use the tools. "If the farm worker puts $60 a week away at 10% interest, how much will he have in 30 years? How much of this is interest? What is the interest earned in the 28th year?" That kind of thing??
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?
Definitely a lot of "wows" when looking at the Sorted savings calculator and putting a portion of their own wages into it every week to see what they end up with in 30 years.
How have conversations in your classroom changed over the course of teaching this kit?
The students are more interested in compound interest and are obviously thinking about what they should be doing with their money now in order to have more when they grow older.
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?