The Year 8 Start Ups classes made a simple toy in class. The purpose of the learning activity was to calculate the cost of labour and materials and work out how to determine selling prices in order to generate enough revenue to generate a profit. In doing so, they learnt how to create a financially sustainable enterprise. Research from ASIC suggests that improved financial capability can empower individuals to take action to achieve their goals and achieve financial wellbeing. Financial capability refers not only to the knowledge needed to make sound financial decisions, but to a combination of financial knowledge, skills, attitudes, and confidence that leads to positive financial behaviours and money management decisions that fit the circumstances of one’s life.
Enza Iammarrone
Teacher
