Yesterday, after talking about buying houses and taking out insurance on our virtual banking site, Banqer, we discussed Kiwi Saver. Many children went home and talked about it with their parents and realised that they had been signed up. Jimmy has money paid into his each month, Jess each week, and Maia's mum has said she will sign her up for free this weekend.
This tells us that our virtual banking learning is transferring to real life and these children are becoming aware of saving, the importance of insurance and how excess and no claims bonuses work.
What exciting and authentic learning team!!
I have been talking about kiwi saver with mum after school and she said I have been signed up since 2008. When I start working I will make deposits into my account. I could then use these savings for the purchase of my first home.
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