MoneySmart Rookie for educators
ASIC's MoneySmart Rookie suite of
materials and resources have been designed to equip young people
transitioning into adulthood with the motivation and tools to
manage their money with confidence.
The suite features videos, case studies, animations and
activities designed to provide engaging real life learning. These
were developed in consultation with young people.
Support resources for educators include a Community educator
guide, Year 9 and 10 lesson plans mapped to the Australian
Curriculum, introductory videos and Interactive 'convo' activities
allowing young people to practice important conversations with
people they will need to deal with, such as real estate agents and
Materials for young people are located in the under 25s
section. There are six topics in the MoneySmart Rookie
How to use the suite
Topic 1: Car ownership
Buying a car may be the first big purchase a young person makes.
Owning a car brings freedom but it also comes with
responsibilities. The costs involved with buying a car are more
than just the purchase price. This topic encourages thinking around
finding the best deal for the young person's needs, funding the
purchase, one-off and ongoing costs, car loans, insurance types,
and where to go for help.
Topic 2: Credit and debt
Understanding credit and debt is important. This topic gives
young people an overview of borrowing money including types
of credit, costs, issues, obligations, credit contracts, legal
issues and where to get help if in financial difficulty.
Topic 3: Mobile phone
Mobile phone ownership is almost universal among young people,
but there can be financial pitfalls associated with owning one.
This topic investigates working out how much a young person can
afford to spend on their mobile, how use affects costs, how to
understand mobile phone contracts and responsibilities and knowing
who to contact if they need advice.
Topic 4: Moving out of
Moving out of home for the first time can be quite daunting for
young people and they may not be aware of all the costs involved.
This topic explores both one-off and ongoing costs such as rent,
bond, food, phone, utilities, insurance and transport. It also
considers the non-essential expenses important to a young person
such as sport and entertainment. Different living arrangements are
reviewed, as well as signing contracts and the long term effects of
not meeting their financial obligations. The topic highlights where
a young person can go for free help or advice.
Topic 5: Online financial
Online shopping is often the easiest and most convenient way of
purchasing goods, but how can a young person protect themselves
when banking and shopping online? This topic looks at how to
recognise a trusted and secure website, consumer rights, resolving
disputes with online sellers, tricks used by scammers, identity
theft and where to go for help.
Topic 6: First job
A young person's first job can be very exciting and opens up a
whole new world. This topic addresses a number of questions. How
can a budget help to plan a secure future or help with the
achievement of financial goals? Where can a young person find
out about appropriate workplace behaviour, their responsibilities,
rights and conditions? Why are there entitlements and deductions on
their payslip such as leave, tax and superannuation? Who can they
talk to if they need advice or information?
Last updated: 31 May 2019