I unfortunately don't have a copy of the notes I refer to in Task 2 as I was in a rush teaching this lesson and didn't have a chance to write anything down. But here are the key things I wanted them to take away. 

• Mention the pros and cons savings account vs an investment fund. Also, make sure to include talking about inflation. You can use the secondary teachers' strike as an example. The proposed increase doesn't make the inflation rate, so it's essentially a pay cut. 

• The higher return on using an investment fund instead of just a savings account. Use this to talk about what compound interest is. 

• Mention that both the KiwiSaver and an investment fund act in the same way to return profits and risk, but the investment fund allows more flexibility with withdrawing the money. KiwiSaver can only be withdrawn for a deposit for a first home, retirement, or financial hardship. 

• Lastly, talk about KiwiSaver is Aotearoa New Zealand's retirement fund (also known as a pension). It's the money you use when you're older and no longer working. KiwiSaver does have an automatic contribution rate, which comes out of your paycheck, and you can choose what percentage to set it as. Your employer will match up to 3% and the government gives an annual bonus for contributing. 

Remember to have discussions after Task 5. If you do a quick Google, the advice is to save 20% of your income. But honestly, that is not aggressive enough. Anything leftover after you do your budget is money you should be saving, and saving in the form of an investment fund. The other thing is that if you don't have enough money left over, you need to rethink some of your lifestyle choices. You can also use this as a jumping ground to talk about the cost of living crisis, why people are moving out of Auckland, and even politics, because the policies that are made affect your wallet.  

If you do/use the extension task (Task 6, "Interest and Savings" Worksheet), this program hasn't gone over the calculations for how to do simple interest and compound interest. As a teacher, you will need to work through a few examples so students know what to do. It's probably also worth providing the answers while they're working, so they can work backwards/see the process.