Risk & Protection Teacher Guide

Our handy Money Smarts Challenge guides focus on the 6 pillars of Financial Wellbeing.
Designed to prepare your students for the Money Smarts Challenge Regional Finals,
this guide provides everything you need to know about Risk & Protection.

Lesson Plan

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Sample Quiz

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Topic Summary

Before you get in to the detail of the short presentation that’s included as part of the Lesson Plan on this topic, here’s a quick overview of what you can expect.

Risk & Protection


This is the fifth of six pillars of Financial Wellbeing. The following information discusses the issue of risk and shows your students how to develop strategies to protect against it. The content is designed to give you a flavour of what you can expect your students to be quizzed on as part of the Money Smarts Challenge.

Risk is everywhere. Most people will face a variety of risks, including financial risks, throughout their life. Some risks can, and will, present major financial challenges. This pillar has been specially crafted to help students consider these risks. It provides important information in relation to the knowledge and skills needed to asses risk and minimise its impact.



Risk & Protection
Phishing life events (health etc.)
Money Mules
Top tips for banking online

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