| Competence and understanding: Students can... |
Year 2 | Year 4 | Year 6 | Year 8 | Year 10 |
| • use money to buy basic goods and services in ‘real-life’ contexts. | • use money to buy basic goods and services in ‘real-life’ contexts. | • use a range of methods and tools to keep financial records in ‘real-life contexts’. | • use a range of methods and tools to keep financial records in ‘real-life contexts’. | • use a range of methods and tools to keep financial records in ‘real-life’ contexts'. |
| • recognise common symbols and terms used on a variety of Australian notes and coins. |
| • identify consumer and financial matters that are part of daily life such as earning money, spending, saving, paying bills, making donations. | • create simple budgets for specific purposes | • create simple budgets for a range of purposes and explain the benefits of saving for future needs and wants. | • create simple budgets and financial records to achieve specific financial goals. | • create simple budgets and financial records to achieve specific financial goals, now and in the future. |
| • investigate the financial decisions required at significant life-stage events. |
| • compare income, spending commitments and life-styles at different stages of life. | • accurately complete and explain the purpose of a range of financial forms, including for online transactions. |
| • accurately complete simple financial forms, including for online transactions. | • accurately complete and explain the purpose of financial forms, including for online transactions. | • accurately complete and explain the purpose of a range of financial forms, including for online transactions. | • discuss the differences between ‘good’ and 'bad’ debt, including manageability of debt and its long-term impact. |
| • compare the cost of similar items. | • classify and compare goods and services. | • evaluate the value of a range of goods and services in a variety of ‘real-life’ situations. | • determine the value of ‘deals’ when purchasing goods and services such as ‘buy one, get one free’. | • analyse relevant information to make informed choices when purchasing goods and services and/or to resolve consumer choices. |
| • determine and compare the actual cost of using different ways of paying for goods and services such as cash, credit, lay-by and loans. |
| • order spending preferences and explain reasons for their choices. | • order and discuss reasons for spending preferences. | • order and justify reasons for spending preferences. | • justify the selection of a range of goods and services in a variety of ‘real-life’ contexts. | • compare overall ‘value’ of a range of goods and services using IT tools and comparison websites as appropriate. |
| • convert from one currency to another in 'real live' contexts. | • convert from one currency to another in 'real live' contexts. |
| • discuss some options for paying for good and services such as cash, debit card, credit card and direct debit. | • discuss various payment options for purchasing goods and services such as: cash, debit card, credit card, direct debit and Paypal. | • explore the pros and cons of a range of payment options for goods and services such as: cash, debit card, credit card, direct debit, Paypal, BPay, pre-pay options, phone and electronic funds transfer. | • evaluate the range of payment options for goods and services such as: cash, debit card, credit card, direct debit, Paypal, BPay, pre-pay options, phone and electronic funds transfer across a variety of ‘real-life’ contexts. |
| • interpret information from a variety of invoice accounts presented graphically such as in electricity accounts. | • explain procedures for safe and secure online banking and shopping. | • explain procedures for safe and secure online banking and shopping. |
| • identify and take precautions to prevent identity theft and explain what to do if this happens to them. | • identify and take precautions to prevent identity theft and explain what to do if this happens to them. |
| .• access and evaluate information on strategies to resolve consumer disputes. | • explain the procedures for resolving consumer disputes relating to a range of goods and services. |
| • describe how advertising can influence consumer choices. | • identify key features of a range of advertisements. | • identify key features used in advertising, marketing and social media to influence consumer decision- making. | • identify and explain marketing strategies used in advertising and social media to influence consumer decision-making. | • evaluate marketing claims, for example in advertising and in social media, to influence consumers to purchase a range of goods and services. |
