MoneySmart Rookie for educators

Rookie errors education resources bannerASIC'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 salespeople. 

Materials for young people are located in the under 25s section. There are six topics in the MoneySmart Rookie suite.

How to use the suite

Video: Introduction for community educators

Video introduction to MoneySmart Rookie for community educators

Find out more about the suite and how youth and community workers, student advisors and mentors can use it in community education settings.

Video: Introduction for teachers

Video introduction to MoneySmart Rookie for community educators

Find out more about the suite and how teachers can use it with Year 9 and 10 students.

Topic 1: Car ownership

Bought a new ride to impress the ladies got no money left for petrol

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

Bought my credit card and I'm like YOLO now I'm spending more on interest than handbags

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 ownership

Upgraded my phone to stream new beats. The data bill is so big that I'm missing gigs

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 home

Moved in to a sweet pad to party. Lost my bond and can't pay the bills

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 transactions

Thought I'd got some heels online super cheap until scammers emptied my bank account

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

First pay cheque I shouted drinks like a boss. Got no cash to put food in the fridge

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?

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Last updated: 31 May 2019