Wednesday, August 30, 2017

Celebrating Money Week in the Senior Whanau

The students in the Senior Whanau at Yendarra School loved celebrating Money Week throughout week 5. It was a great opportunity for us to learn more about how people make money and how they spend, save and share the money that they earn. It is important for us to understand how money works so that we can make wise money choices for ourselves and our families, now and in the future.

Room 10
In Room 10 we had a money challenge to solve every day. One of our favourite challenges was organising a day out for our family while sticking to a budget. We used the internet to research where in Auckland we could go and what each activity would cost us. We found out that it is important to stick to a budget so that you don’t spend money on things that you can’t afford. We also learnt that there are a lot of free but fun activities like going to the park, beach, pools or the library.

Room 11
In Room 11 we have been focusing on sticking to a budget.
To do this, we were given a budget of $10,000 dollars to plan a holiday for ourselves and at least one adult who can look after us.
This $10,000 budget had to pay for:
      Spending money
We used useful websites like, and many more to help us plan our dream vacation.

Important things we have learnt about budgeting:
      Keep subtracting expenses as you go
      You don't need the most expensive hotel or car
      The longer you go the more you spend on accommodation
      When booking a flight, some days are more expensive than others

Room 12
In Room 12 students used IT devices to research and compare the price of healthy foods from 3 NZ Supermarkets - Pak n’Save, Countdown and New World.

Room 13
This week in Room 13 students earned money over the week for a range of positive reasons. Each student kept their money in their own envelopes. Then on Friday we set up a shop inside our classroom where students had the opportunity to buy items using the money they earned over the week and also practice giving back the correct change to others.

Room 15
In Room 15 we have been learning to give and receive change.  We created our own farmers market, each product came with a price value. 

" It was fun counting money, I needed to work out how much it would cost.” By Ondresse.  

"I wonder if I earnt enough money during the week to pay for my goods " By Habana.

Room 16
This week Room 16 looked at some of the terms around money:

What is a need?
A ‘need’ is like food and a house to live in - Jerome

What is a want?
A ‘want’ is like a fidget spinner or other fun things - Falaniko

We created shops and decided what we would sell and for how much then we role-played being the customers and the shopkeepers to practise buying items and giving the correct change.

We also looked at how we can use different coins to make the same amount of money and how to make lots of different amounts of money. 

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