MoneySmart Grants for Principals
Supporting young people to be in control
of their financial lives
Ten schools have begun financial literacy projects to teach
students how to manage money. The projects will also boost teachers' financial
health and confidence in delivering financial literacy
education in the classroom.
The projects stem from the first round of the MoneySmart Grants
for Principals - a joint initiative between ASIC's MoneySmart
Teaching program and the Australian Primary Principals
Projects feature gardens, market days, a
café, product development, a financial literacy
classroom and a multimedia project.
Applications for the second round of grants for 2020 begin in
October 2019, with a third round opening in 2020. The grants are
open to all primary school principals.
Grant recipients and projects
Australian Capital Territory
- Year 5 and 6 students will set up a market day
to sell food and drinks to other students and parents.
- Students will learn about running a small business in terms of
budgeting, marketing and advertising as well as balancing quality,
price, time, cost, and profit and loss.
- To prepare, students will visit local markets to see how the
stalls are run. The school will invite a local guest speaker to
talk to the students about financial literacy, public speaking and
marketing, establishing links with local businesses for a
longer-term mentoring program.
New South Wales
Bernard's Primary School
- Year 3 students will build a self-funding market garden within
the school. Students will sell what they produce. Profits raised
will be reinvested and generate donations to a local charity that
provides meals to the homeless.
- Students will learn money management, planning, budgeting,
advertising and marketing skills. Future classes throughout the
school will keep the market running.
& Paul's Parish Primary School
- Year 5 and 6 STEM project students will create a financial
literacy classroom that features an ATM and shop with a cash
register. Teachers will then be able to book the classroom for
- Students will learn more about their relationship with money
and the way it flows through aspects of their life including
earning, saving, budgeting and spending. Students will also learn
how to budget for the materials to build the ATM and register.
Medowie Christian School
- Years 5 and 6 students will create a vegetable patch with a
worm farm where they will produce products to sell at a school
market day. Students will also create products from recycled
materials to sell at the market day.
- Students will budget, purchase, project manage and sell
- Run a stall at the local monthly Pomonal community market.
Students will research and create products that promote
sustainability to sell at the market and on Facebook. Sales will
raise money to help the school build a student kitchen and maintain
its pantry stocks.
- Students will learn about setting up a small business, creating
a business plan, product development, marketing, equipment
purchasing, manufacturing, budgeting, balance, expenditure and
profit. The project will develop into an educational unit to be
continued at the school and shared with other schools.
Kingsway Christian College and Willandra
- This cross sectorial project between an independent and
government school will see both schools collaborate on producing a
digital interactive medium. The medium will feature Aboriginal
culture through highlighting significant indigenous landmarks in
- Students will boost their financial literacy by developing
skills in budgeting, financial planning, sales and marketing.
- Future students will maintain the product and keep its content
Ashdale Primary School
- Year 6 students will develop a small business based on a
financially viable product that they will sell to the community
during a school market-style event. Students will complete market
research, cost their product, determine profit and develop a
marketing and advertising strategy.
- Grant funds will help students purchase materials to make their
- The project will also provide younger students with lessons on
how business advertising impacts their purchasing decisions while
they purchase goods at the market.
Sacred Heart School Beagle Bay
- Set up a school café during lunch for the students at this
remote Aboriginal community. The café will sell lunch to students,
people in the community and possibly tourists.
- Students will learn how to run a business through budgeting,
ordering, expenditures and income.
St Paul's Catholic Primary School
- Students research, budget and buy materials to establish a
sensory garden. This will involve a shopping trip to price items
and calculate costs.
- They will also manage trades people and assist with the garden
and its design.
Last updated: 23 May 2019