Money Smarts Challenge Teacher Guides

1. Spending & Saving Teacher Guide

Spending & Saving

This is the first of six pillars of Financial Wellbeing. The following information shows your students how to be a smart spender and develop healthy habits when it comes to saving. 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.

This pillar has been specially crafted to remind your students of the importance of balance in life. While we all need to live in the moment and enjoy everything on offer, they also need to be prepared financially for the future. That way they can deal with any little surprises, big or small, that life throws up along the way.

Topics

Spending	Saving
Budgeting and record-keeping tips The simple 50/30/20 saving and spending rule Needs versus Wants	Budgets and spending to a budget Saving goals Rainy-day funds

 

3. Credit & Debt Teacher Guide

Credit & Debt

This is the third of six pillars of Financial Wellbeing. The following information shows your students the difference between credit, the money available to be borrowed, and debt, the money that has been borrowed. 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.

With a variety of lenders operating in the Irish Market, there are many different types of credit options available, from loans to credit cards etc. This pillar has been specially crafted to help students better understand their options. As well as highlighting some of the costs associated with accessing credit, it outlines some top tips on being credit clever and managing debt responsibly.

Topics

Credit & Debt
Understanding credit and debt Evaluating interest charges and the cost of credit Evaluate loans and different loan options

5. Risk & Protection Teacher Guide

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.

Topics

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

Register for the Money Smarts Secondary School Programme

The Money Smarts Challenge is just one part of our much wider Money Smarts Secondary School Programme. Register your school today and you’ll unlock more great Financial Literacy content, practical workshops and the option for your students to set up and manage their very own virtual School Bank.