Stage 1 Teacher Resource
Pack
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Introduction Welcome to the Commonwealth Bank Foundation’s StartSmart Primary Teacher Resource
Pack (TRP).
This pack has been designed to complement the StartSmart Primary workshops. In it, you
will find post-workshop activities that build upon and reinforce the key concepts covered by
our program. These activities come in a wide variety of formats including worksheets,
teacher-led discussions, games and research assignments.
The Commonwealth Bank Foundation is dedicated to the development of financial literacy
skills in young Australians. A fundamental tenant of the Foundation is to provide educational
resources without promoting Commonwealth Bank products. The StartSmart Primary
program aims to engage students in an interactive and fun learning environment while
equipping them with essential money management skills, primarily through engaging and
educational workshops.
This pack contains activities tailored to the learning needs of Stage 1 students.
Thank you for your participation in the StartSmart program. If you require any further
information about our program, please visit www.startsmart.com.au.
©2010 Commonwealth Bank Foundation Pty Ltd
RESTRICTED WAIVER OF COPYRIGHT
The material in this document is subject to restricted waiver of copyright to allow the material contained in the
publication for use within a school, subject to the conditions below:
1. All copies of the printed material shall be made without alteration or abridgement and must retain
acknowledgement of the copyright.
2. The school or college shall not sell, hire or otherwise derive revenue from copies of the material, nor
distribute copies of the material for any other purpose.
3. The restricted waiver of copyright is not transferable and may be withdrawn in the case of breach of
any of these conditions.
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Contents Stage 1 Key Learning Outcomes Covered in this Pack ........................................................... 4
Curriculum Points Covered in this Pack ................................................................................. 4
Activities ................................................................................................................................. 5
Activity 1 – Definition Revision .......................................................................................... 5
SuperCents Quiz ............................................................................................................. 6
Word Jumble! ................................................................................................................. 7
Activity 2 – Wants and Needs ............................................................................................ 8
Speed to Your Needs and Wait for your Wants! ......................................................... 10
A SuperCents Cake ....................................................................................................... 11
Activity 3 – Canteen Excursion or Role-play .................................................................... 13
Money Mayhem! .......................................................................................................... 15
Change Matters ............................................................................................................ 16
Change Matters (Challenge) ........................................................................................ 17
Money Mix Up .............................................................................................................. 18
Activity 4 – Papier Mâché Piggy Banks ............................................................................ 20
Activity 5 – Chores Around the Home ............................................................................. 21
Chores Cha-Ching! ........................................................................................................ 23
Answers ................................................................................................................................ 23
Glossary of Key Terms .......................................................................................................... 25
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Stage 1 Key Learning Outcomes Covered in this Pack Revise and reinforce the key concepts introduced in the Stage 1 workshop including:
- Recognise Australian notes and coins and order them in value. - Appreciate that money can be spent on goods and services, and the difference
between the two. - Recognise that besides using notes and coins in exchange for goods and services,
people may use a key card that is linked to their bank account. - Learn the difference between wants and needs, and why it is important to make a
distinction. - Recognise that to earn money you must work, and there are many different types of
jobs. - Appreciate the basics of conducting a simple transaction and how to calculate
change.
Curriculum Points Covered in this Pack National Financial Literacy Framework NSW Curriculum
NFLF KU3.2 Understand that money comes from a variety of sources and is limited. NFLF KU3.3 Understand that money is used to exchange goods and services. NFLF KU3.4 Understand that money can be kept to meet wants and needs. NFLF KU3.5 Understand the differences between wants and needs. NFLF C3.1 Use money to buy basic goods and services. NFLF C3.3 Order spending preferences.
Mathematics NS1.1 Counts, orders, reads and represents two- and three-digit numbers. Mathematics NS1.2 Uses a range of mental strategies and informal recording methods for addition and subtraction involving one- and two-digit numbers. English WS1.9 Plans, reviews and produces a small range of simple literary and factual texts for a variety of purposes. HSIE SSS1.7 Explains how people and technologies in systems link to provide goods and services to satisfy needs and wants. PDHPE Personal Development Identify wants and needs. Creative Arts VAS1.1 Makes artworks in a particular way about experiences of real or imaginary things. Science and Technology KUS1.5 Students will name possible needs and wants of people. Science and Technology VAS1.3 Students will persevere with activities to their completion. Science and Technology VAS1.5 Students will work cooperatively in groups.
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Activities
Activity 1 – Definition Revision
Learning Outcomes - Revise and reinforce the key concepts delivered in the Stage 1 workshop
Curriculum Points National Financial Literacy Framework NSW Curriculum
NFLF KU3.3 Understand that money is used to exchange goods and services. NFLF KU3.5 Understand the differences between wants and needs.
PDHPE Personal Development Identify wants and needs. Science and Technology KUS1.5 Students will name possible needs and wants of people. Science and Technology VAS1.3 Students will persevere with activities to their completion.
Materials Required - One copy of the Word Jumble and SuperCents Quiz worksheets (provided after this
activity) per 4 students
- Pencils
Running the Activity - Divide your class into teams of 4 or 5
- Place a copy of the Word Jumble and SuperCents Quiz worksheets and a pencil face
down in front of each team.
- Explain to the students that you are going to test their financial fitness and that they
have to race to finish the worksheets as a team. The first team to finish both
worksheets with no mistakes wins.
- Get all students to turn over their worksheets and begin filling them in at the same
time.
- Once a winning team has been declared, discuss each of the answers with the
students.
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SuperCents Quiz
Oh No! Gobbles the Wallet Monster has eaten some of the words below! Help Captain SuperCents remember the missing word. Fill in the blanks to complete the quiz! 1. If you pay more money for an item than it is worth, the shopkeeper gives
you c_______.
2. A card that lets you get money that you have in your bank account is called
a k______ card.
3. If you must have something to survive, it is a n______.
4. Something that you can spend your money on that you can touch and feel
and take home with you is called a g______.
5. Getting a haircut, paying a bus driver and getting someone to walk your
dog are all examples of s_________.
6. If you’d like to have something, but you don’t need it to survive, it is a
w______.
7. Oh no! Gobbles is making someone spend money when they shouldn’t.
What should you do? S________ to your N__________ and W________ for
your W________.
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Word Jumble! Captain SuperCents needs your help! Gobbles the Wallet Monster used his powers to make Captain SuperCents forget the meaning of these words. Help Captain SuperCents remember what each word means by linking the word to its meaning. Draw a line to connect the word to its meaning.
Key Card Money that is returned to you when the amount paid is more than the cost of the
item.
Change Something you can pay someone to do for you.
Bank Something you must have to survive.
Goods Something that you’d like to have, but you don’t need to survive.
Services Something you can buy that you can touch and feel.
Wants A card that lets you access money you have stored in the bank.
Needs A safe place to store money.
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Activity 2 – Wants and Needs
Learning Outcomes - Distinguish between wants and needs
Curriculum Points National Financial Literacy Framework NSW Curriculum
NFLF KU3.4 Understand that money can be kept to meet wants and needs. NFLF KU3.5 Understand the differences between wants and needs.
HSIE SSS1.7 Explains how people and technologies in systems link to provide goods and services to satisfy needs and wants. PDHPE Personal Development Identify wants and needs. Creative Arts VAS1.1 Makes artworks in a particular way about experiences of real or imaginary things. Science and Technology KUS1.5 Students will name possible needs and wants of people. Science and Technology VAS1.3 Students will persevere with activities to their completion. Science and Technology VAS1.5 Students will work cooperatively in groups.
Materials Required - Magazines or catalogues
- A3 paper
- Coloured pencils/textas
- Glue
- Scissors
- Optional: One copy of the Speed to your Needs and Wait for your Wants! and A
SuperCents Cake worksheet per student
Running the Activity - Divide students into small groups.
- Allocate several magazines to each group.
- Ask students to each cut products from the magazine and sort them into wants
and needs.
- Hand each group a sheet of A3 paper.
- On one side of the piece of paper, ask students to draw a picture of Gobbles the
Wallet Monster. Have them turn the piece of paper over, and on the other side
make a collage of all the ‘wants’ they cut from the magazine.
- Hand each group another sheet of A3 paper.
- On this sheet get students to draw a picture of Captain SuperCents on one side
and paste the ‘needs’ that they cut from the magazine on the other.
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Activity Extension/Alternatives - To reinforce the difference between needs and wants, have each student
complete the Speed to your Needs and Wait for your Wants! and A SuperCents
Cake worksheets.
- Discuss the worksheets answers with students. Ask students to discuss why they
determined things were wants or needs, and why they chose certain cake
ingredients. Reinforce that needs are things that you have to have, and wants are
things that are just nice to have.
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Speed to Your Needs and Wait for your Wants!
Oh no! Gobbles is in Shopville trying to trick people onto spending on their needs, not their wants! Captain SuperCents needs your help! Circle the needs and cross out the wants. Remember, needs are something you have to have to survive. Wants are just things that are nice to have.
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A SuperCents Cake
Captain SuperCents is trying to bake a cake for Rebecca. There’s just one problem. He only has enough money to buy 8 ingredients, but his recipe has 15 ingredients in it. Help Captain SuperCents choose what to buy by writing his shopping list for him.
Recipe
Needs:
- Flour - Eggs - Sugar
- Milk - Butter
Decoration:
- Strawberries
- Chocolate Chips
- Sprinkles
- Icing
- Chocolate
- M&Ms
- Jelly Beans
- Candles
- Honey
- Raspberries
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Shopping List
_______________________________
___________________________________________
_______________________________
_______________________________
_______________________________
_______________________________
_______________________________
_______________________________
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Activity 3 – Canteen Excursion or Role-play
Learning Outcomes - Recognise Australian notes and coins and order them in value - How to conduct a transaction: counting money and counting change
- Distinguish between needs and wants, understand why it is important to draw
the distinction
Curriculum Points National Financial Literacy Framework NSW Curriculum
NFLF KU3.3 Understand that money is used to exchange goods and services NFLF C3.1 Use money to buy basic goods and services NFLF C3.3 Order spending preferences
Mathematics NS1.1 Counts, orders, reads and represents two- and three-digit numbers. Mathematics NS1.2 Uses a range of mental strategies and informal recording methods for addition and subtraction involving one- and two-digit numbers. HSIE SSS1.7 Explains how people and technologies in systems link to provide goods and services to satisfy needs and wants. PDHPE Personal Development Identify wants and needs. Creative Arts VAS1.1 Makes artworks in a particular way about experiences of real or imaginary things. Science and Technology KUS1.5 Students will name possible needs and wants of people. Science and Technology VAS1.3 Students will persevere with activities to their completion.
Materials Required - One copy of the Money Mayhem!, Change Matters and Money Mix Up worksheet
per student
- One copy of the Gobbles Poster per student
- Optional: Play money for students to model conducting transactions
- Optional: One copy of the Change Matters (Challenge) worksheet per student
Running the Activity - Optional: Take the class to visit the canteen for this exercise.
- Get students to practise conducting a transaction, choosing how to spend their
money, and calculating change.
- As a class, get students to go through the canteen menu and classify canteen
items as needs and wants. From the wants list, each student selects the item that
Gobbles the Wallet Monster is most likely to trick them into spending their
money on.
- Return to the classroom.
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- Have students draw the ‘want’ that they selected on the Gobbles Poster to
remind themselves that Gobbles is trying to tempt them.
- To reinforce how to conduct transactions, have students complete the Money
Mayhem!, Change Matters and Money Mix Up worksheets.
Activity Extension/Alternatives - Provide more advanced students with the Change Matters (Challenge) worksheet
in addition to the other worksheets.
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Money Mayhem!
Captain SuperCents has forgotten what each note and coin is worth! Can you help him draw a line from each note or coin to the correct value?
$1.00
$2.00
10c
$10.00
5c
$5.00
20c
50c
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Change Matters
Captain SuperCents is taking Rebecca shopping in Shopville to teach her how to use notes and coins. Rebecca is having trouble calculating how much change she should get with each purchase. Can you help her figure it out using your powers of subtraction?
Muffin ($4.00) Paid: $10.00 $10.00 - $ 4.00 _______
Rainbow Hat ($15.00) Paid: $20.00 $20.00 - $15.00 _______
Rainbow Book Mark ($1.45) Paid: $2.65 $2.65 - $1.45 ______
Umbrella ($3.50) Paid: $5.50 $5.50 - $3.50 ______
Rainbow Book ($16.95) Paid: $20.95 $20.95 - $16.95 _______
Haircut ($12.75) Paid: $15.95 $15.95 - $12.75 _______
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Change Matters (Challenge)
Captain SuperCents is taking Rebecca shopping in Shopville to teach her how to use notes and coins. Rebecca is having trouble calculating how much change she should get with each purchase. Can you help her figure it out using your powers of subtraction?
Chocolate ($4.75) Paid: $10.00 $10.00 - $ 4.75 _______
Rainbow Toothbrush ($15.00) Paid: $20.00 $20.00 - $15.00 _______
Rainbow Lolly ($1.55) Paid: $2.00 $2.00 - $1.55 ______
Bread roll ($3.50) Paid: $5.00 $5.00 - $3.50 ______
Rainbow Yo-Yo ($16.95) Paid: $20.00 $20.00 - $16.95 _______
Teddy Bear ($12.75) Paid: $15.00 $15.00 - $12.75 _______
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Money Mix Up
Captain SuperCents needs your help! Gobbles the Wallet Monster has mixed up all of his notes and coins. Captain SuperCents likes to have piles of money that are worth the same amount next to each other. Can you draw a line to match up the piles of money that are worth the same amount?
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Activity 4 – Papier Mâché Piggy Banks
Learning Outcomes - Recognise the value of saving
Curriculum Points National Financial Literacy Framework NSW Curriculum
NFLF KU3.4 Understand that money can be kept to meet wants and needs.
Creative Arts VAS1.1 Makes artworks in a particular way about experiences of real or imaginary things.
Materials Required - One balloon per student
- Newspaper/scrap paper for papier mâché
- Glue for papier mâché
- Scissors
- Egg cartons (allow 5 individual cups per student)
- Pipe cleaners (preferably pink)
- Paint (and mixing containers/plates)
- Paint brushes
Running the Activity Get students to make a papier mâché piggy bank according to the following instructions:
1. Blow up a large balloon.
2. Papier mâché over the balloon to form the pig’s head and body. Cover the balloon
with at least 2 - 3 layers of newspaper, allowing each layer to dry.
3. Allow papier mâché to dry for a day or two.
4. Once dry,cut a slit in the top of the body to form a coin slot. If possible pop and
remove the balloon at the same time.
5. Cut up an egg carton into individual cups.
6. Attach one cup to the front of the body with masking tape. This will form the pig’s
snout.
7. Attach four more to the bottom of the body. These will form the pig’s feet.
8. Make a small hole at the other end of the pig’s body.
9. Paint the piggy bank, making sure to give the pig eyes and a mouth.
10. Curl a pipe cleaner into a spiral and insert it into the hole you created to form a tail.
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Activity 5 – Chores Around the Home
Learning Outcomes - Explore opportunities to earn money or other rewards
- Recognise that students can earn money by doing chores or jobs
Curriculum Points National Financial Literacy Framework NSW Curriculum
NFLF E3.1 Creatively explore opportunities to earn money or other rewards.
English WS1.9 Plans, reviews and produces a small range of simple literary and factual texts for a variety of purposes.
Materials Required - One copy of the Chores Cha-Ching worksheet per student
- Pencils
- Optional: envelopes
- Optional: writing paper
Running the Activity - Read the chores narrative (provided below) to your class.
- Discuss chores that students or Rebecca could do for their parents that might
earn them a little extra money. Explain that students should not expect to be
paid for every job that they do, but if they want to earn more money they can
discuss doing a little something extra with their parents.
- Ask students to list chores that they, or other family members do for love, rather
than money. Students should recognise that while these chores are not done for
money, it is always nice to ‘pay’ for the chores with a ‘Thank you’.
- Ask students to list extra chores that they might be able to do to earn some extra
money.
- Get students to fill out the Chores Cha-Ching worksheet.
Activity Extension/Alternatives - Ask students to compose a letter that thanks a family member (or other
caregiver) for some of the chores they do out of love.
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Chores Narrative Rebecca was a girl who loved rainbows. Everything that she owned was rainbow. Rebecca
had a rainbow hat, rainbow pictures and rainbow books. She even got the hairdresser to
give her rainbow hair!
But there was something that Rebecca didn’t have – a rainbow jumper. She knew that if she
wanted a rainbow jumper she would have to save up her money until she had enough to
buy one from a shop in Shopville.
There was just one problem – Rebecca wasn’t earning any money!
Rebecca knew that some of the other children in her class got paid money for doing chores.
Rebecca was doing chores too; her job was to keep her room clean and to set the table
before dinner. But Rebecca’s parents didn’t pay her to do those chores, she was expected
to do them for free.
Rebecca decided that this was not fair, so she decided to ask her parents for some money
every time she set the table or cleaned her room.
So the next day when Rebecca’s mum asked her to set the table, Rebecca said, “That will be
$5 please mum. All the other kids get paid money for doing chores and I want to get money
too.”
Rebecca’s mum turned to Rebecca and said, “I’ve cooked dinner for you and your Dad has
just finished washing your school clothes. Should you pay us $5 each when we do jobs for
you?”
Rebecca didn’t like the sound of that one bit. Her mum went on to explain, “Doing jobs for
people is part of being in a family. We all help each other out, and we don’t expect anything
in return, except a thank you. We do this because we love each other.”
Rebecca apologised, and asked, “But how can I earn money for my rainbow jumper then?”
Rebecca’s mum replied, “Well why don’t you and I sit down and see if there’s something
extra you can do, on top of the chores you’re doing now, that you can earn money for.”
What sort of chores do you think Rebecca and her mum came up with?
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Chores Cha-Ching!
Oh no! Captain SuperCents ripped his superhero cape when fighting Gobbles the Wallet Monster. He needs some ideas about how he could earn money to buy a new one. He wants to know chores that you or Rebecca could do to earn money. In the table, describe and draw a picture of the chores that you or Rebecca could do to earn money. But remember – Everyone does chores to help their family out and they aren’t paid for them! These have to be something extra, that you don’t do already.
Chore Picture
Answers
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SuperCents Quiz
Change; Key; Need; Good; Services; Want; Speed to your needs, wait for your wants
Word Jumble
Bank – A safe place to store money
Change – Money that is returned to you when the amount paid is more than the cost of the
item.
Goods – Something you can buy that you can touch and feel.
Key Card – A card that lets you access money you have put in the bank.
Needs – Something you must have to survive.
Services – Something you can pay someone to do for you.
Wants – Something that you’d like to have, but you don’t need to survive.
Speed to Your Needs and Wait for your Wants!
Needs: Banana, water and sandwich, house. Wants: Chocolate bar, game controller, ball,
ring.
A SuperCents Cake
All needs and any three of the decorations should be on the shopping list.
Change Matters
Muffin - $6.00; Umbrella - $2.00; Rainbow Hat - $5.00; Rainbow Book - $4.00; Rainbow Book
Mark - $1.20; Hair cut - $3.20
Change Matters (Challenge)
Chocolate - $5.25; Bread Roll - $1.50; Rainbow Toothbrush - $5.00; Rainbow Yo-Yo - $3.05;
Rainbow Lolly - $0.45; Teddy Bear- $2.25
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Glossary of Key Terms Change Money that is returned to you when the amount paid is
more than the cost of the item.
Goods Something you can buy that you can touch and feel.
Key Card A bank card that lets you spend money you’ve put in the bank.
Needs Something that you must have to survive.
PIN Personal Identification Number – a secret number that people need to access their money in their bank accounts.
Services Something you can pay someone to do for you.
Wants Something that you’d like to have, but you don’t need to survive.