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Listed under:  Economics and business  >  Finance  >  Personal finance  >  Savings
Video

My Five Cents: What is opportunity cost?

What is the true cost of buying something? Gen Fricker explains that it's more than just money. Learn about opportunity cost - what it is, why it's a helpful tool and when to use it. Simple! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.

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Pocket money: Mathematical modelling

In this lesson, students use mathematical modelling to solve problems that involve financial decisions. Students are guided to use the 4-step problem solving model to support them to unpack the problem, generate a plan to help solve it, and check their ability to work mathematically. They explore different ways to estimate ...

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Different ways to pay

This lesson challenges students to explore the pros and cons of various payment options, how they spend their money, different consumer products and where to go for more information about saving money and debt. During the lesson, students investigate multiple payment options to choose those that suit their circumstances, ...

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Pocket money: Partitioning money amounts

In this lesson students use efficient strategies when performing calculations involving money. They explore different ways to estimate and calculate the distribution of pocket money. This is the first in a series of three lessons.

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Financial Mathematics: Simple Interest - Calculate

This unit introduces the calculation of simple interest, as a starter for learning about compound interest. Students learn about a range of ways in which interest generally is used and applied in the real world and then use the formula for calculating simple interest to solve borrowing, saving and investment problems.