StartSmart
StartSmart is a Commonwealth Bank Foundation initiative that offers school kids a guided approach to learning about money in the classroom. The program is fully funded by the Foundation and has been developed in consultation with education experts. It's also aligned with the school curricula.
The Foundation began StartSmart for Secondary Schools in 2007 to help achieve its objective of improving the financial skills of young Australians. Since then, StartSmart Secondary has reached over 150,000 teenagers.
As a result of this success, the Foundation launched StartSmart for Primary Schools in 2010, with the aim to reach 60,000 five to twelve year olds in the first year.
StartSmart programs use the talents of world-class facilitators who visit primary and secondary schools to conduct a series of dynamic, interactive and engaging workshops. The programs are geared to the learning stages of each age group.
With the primary kids, the facilitators use interactive theatre to build money management skills and behaviours. Skill-building scenarios include managing their pocket money, the importance of saving and budgeting, understanding goods and services, understanding the difference between a need and a want, and how to get money through work and earning interest.
For secondary students, the program covers four, more advanced modules: SmartEarning, SmartSaving, SmartSpending, SmartInvesting.
Find out more about the StartSmart programs now, or contact us for more information.
That StartSmart has been offered to secondary schools since 2007 and was extended to primary schools in 2010.
That StartSmart will come to your school for free?
You will get taxed at the maximum rate if you work without a tax file number?
- Learning about the Progressive Tax System, Tax File numbers and returns
- Understanding the importance of Superannuation
- Selecting the right bank account and appreciating the value of savings plans
- Developing budgeting strategies to grow savings
- Being savvy with purchases, including mobile phone plans and cars
- Managing credit cards
- All about investing
- Understanding the importance of banks, and about credit and key cards
- Appreciating the value of saving regularly and earning interest
- The benefits of budgeting and having savings goals and strategies
- Exploring different ways to earn income
- An introduction to reading financial documents like receipts
- Comparing 'additional' costs and benefits of goods
- Recognising the essential features of currency
- Understanding why saving is important and the value of bank accounts
- Learning about electronic funds and transactions
- Learning the importance of saving, budgeting and prioritising spending
- Exploring ways to earn income
- Understanding smart spending techniques
- Learning why banks are safe for money
- Understanding goods and services
- Learning the difference between wants and needs
- Understanding the principle of working to earn money
- Understanding simple transactions
- Recognising the difference between a credit and key card