Course curriculum

  1. 1

    • Welcome and introduction

    • Before we begin ...
  2. 2

    • Topic 1: Managing Your Money Is Worth Celebrating

    • Topic 2: Choices: Using a Budget

    • Topic 3: Mobile 'Phone Shock'

    • Topic 4: The Economics of 'Today'

    • Topic 5: Understanding Entrepreneurial Behaviour

    • Topic 6: Teenagers Want to Learn Financial Life Skills

    • Topic 7: Goal Setting is Future Thinking

    • Topic 8: How Could I Invest $2000? (1)

    • Topic 9: Wealth Does Not Mean Having A Lot Of Money

    • Topic 10: Credit or Debit Cards: The Choice

    • AI Perspective: 10 Essential Financial Life Skills 15-16

    • AI Perspective: Financial Traits for Aged 15-16

    • Review Your Learning - Youth 15-16 Financial Life Skills
  3. 3

    • 2.1 Before you go ...

    • 2.2 Conclusion

Young Explorers

Youth aged 15-16s are exploring their world. They are alert to finance, concepts of wealth and the need to spend and purchase to be part of the group. They don't want to be left out. Financial habits are starting to emerge. Financial education is critical!

Happy clients

Making a difference in schools, at home, in their work places

Youth out of school

Meg

I work with small groups of kids who don't fit mainstream schooling. These courses make my life so much easier. I can sit one on one, or small group and or whole class, using these courses, and match the topics to the students I am supporting. For most of these kids, understanding money is critical. They are so exposed and vulnerable. Thanks TWA.

Client support

Scott

Our financial planning and accounting business is looking for a new way to serve the needs of our clients. These courses are a perfect fit. We will sponsor some of these courses for our clients to access and also use the courses to run our own workshops. It's a win-win.

Family help

Keith

Our organisation does a lot of charity work in the community, supporting families in need. We are keen to facilitate these courses for teenagers in these families during school holidays and in evenings. We need to try and break cycles of poverty and these programs help to do that.

Home work!

Pat

My kids don't like homework at the best of time, but this is home work I am setting. These courses are so beneficial for me as a parent. It is really hard to get kids to read a book, but to have this course and others that enable me to sit beside my kids while they do a course with my support, is a blessing. I am no finance expert, but I don't have to be with these courses and the notes that are provided. Wonderful!

We have choices

Glenn

We will use this course two ways. Firstly, in our wellbeing program, because of its simplicity in use and relevance to the lives of our families. Secondly, many Heads of Department have seen the literacies, creative and creative thinking, and other capabilities that are developed through the activities. Very useful in a lot of areas, and the hard work has been done for us! Great stuff!
Watch Intro Video

Parents, Teachers, Youth Facilitators

Courses to help you care for the youth in your care

Collective action, collective impact

We all have a role in guiding youth financial education

  • Parents

    Guide your child's financial learning. Don't leave it to chance and 'learning from mistakes'. You are in charge. You control the discussion. You dip in and out of this course and other courses to suit your family context.

  • Educators

    You guide the learning. You choose the topics and activities with student voice catered for. Dip in and out of courses, topics and activities to suit the needs of your students. You have total control.

  • Youth workers

    You are supported with facilitator tips and discussion points. All the preparation has been done for you. You just need to guide the conversation. NO expertise required, just keep each lesson moving. Choose topics from across our courses that meet the needs of the youth in your care.

  • Financial services

    Look after your clients with teenage children or grandchildren. Deliver this course at your premises or give access online. Talk to us about more personalised opportunities.

  • Business

    Look after your employees with teenage children. Offer a value-added care package for your clients with teenagers. Your support for or gift of financial education, is gift that will last their lifetime.

  • Youth groups

    Find like-minded peers and your preferred adult facilitator. Create a group and work through the course together with your facilitator. Generate your own discussions.

The Australian Secondary Principals' Association

The Wealth Academy, along with its corporate partners, helps school leaders to prepare students for the financial world in which they live. ASPA welcomes the support of The Wealth Academy in helping our members to provide a better, preferred financial future for all students in government secondary schools. Andrew Pierpoint, President

Research

Financial literacy, capability, well being and life skills

Good for individuals, good for the nation

Reserve Bank

... financial literacy is very much about encouraging individuals and families to use their money wisely – both their own hard-earned income and that borrowed from financial intermediaries. But encouraging households to save, for example, is not just good for them, it is also very much in the longer-term national interest.

Better for everyone

OECD

Drop a rock into a lake or pond – the ripples extend outward with wider and wider effects. So it is also with financial education. Well-informed, well-educated consumers can create economic ripples. They make better financial decisions for themselves and their families, increasing their economic security and well being. They are in a position to obtain better jobs and create a desirable pool of labor for employers. Secure families are more involved in their communities as home owners and voters. They are more involved as parents with their children’s schools and teachers, enabling better educational and economic outcomes for their children.

Mental health

Head to health

Mental health and financial safety are strongly linked. Experiencing a mental illness can add to financial stresses, and financial stresses can add to a mental illness. Financial safety can bring security and peace of mind. Combined with leisure time and fun activities, it can have a positive effect on wellbeing. Being able to work and pay bills regularly can ease pressure, though not everyone is able to do that.

Serious problem

Prof Pamela Hanrahan

….. there is an acknowledgement Australia has a serious problem with financial literacy. "It's quite frightening really,"

Stress and health

Fox News

It can change your appetite and your sleep patterns, even prevent you from seeing a doctor. In fact, financial stress could be affecting your health in ways you never imagined. Financial pressure affects us all at some point, whether we’re worried about our investment portfolio or how we’ll pay this month’s rent. Stress is a risk factor for numerous chronic diseases and can prevent you from adequately caring for your health, so minimizing it should be a top priority.

Stress in kids

Mental Health Foundation (UK)

A recent survey from the Mental Health Foundation has found that over one in four (26%) schoolchildren aged between 10 and 15 are worried or sad about their families not having enough money. This finding adds to a body of evidence which shows that financial pressures are a major cause of stress and mental health problems. Earlier this year, the Mental Health Foundation found that one in five adults (22%) said that ‘not having enough money to meet basic needs’ caused them stress. This was one of the top three listed sources of stress in the nationwide survey.

Independent Schools

ABSA has partnered with TWA to develop and implement a long-term solution to help our boarders develop their financial wellbeing for the future. TWA’s approach of supporting youth, parents and the broader community is unique and innovative. We believe in this approach. Future financial wellbeing should be invested in. It should not be a matter of chance! Richard Stokes, CEO

Take action, take the time!

Developing an awareness of financial concepts and the importance of financial knowledge and skills is critical for this age group.

Get started now

Bonus material

Extras to help you support the financial learning of the youth in your care.

  • Magazines (PDF)

    Free copies of a recent Teenfinca and Teenfinca Entrepreneur ezines which help youth to develop their financial capability and promote financial wellbeing. Email them. Print them. Leave them on the coffee table. Very popular resource that builds financial capability quietly!

  • e-Posters

    A set of eposters aligned to each of the 10 core topics is included and available for download. Print them, laminate and place around your site. Great visual reminders that build financial capability.

  • Video resources

    Connect to our online video site with interviews related to personal financial management, accountancy, economics, careers and financial life skill perspectives.

Pricing options

We provide different pricing options based on the type of entity purchasing the course and the time period required. If you prefer another pricing arrangement please contact us. If your school or entity cannot use a credit card to purchase this course, send us a purchase order and we will invoice you.

FAQ

  • Who is this course for?

    This mini-course has been developed for the students aged 15-16, but many of the topics within could be used for students younger and older than this age group. In this course, a teacher or facilitator leads one or more students through the activities. It is not designed as a self-education course. Parents may also become the facilitator and sit with their teenage children, guiding them through the activities.

  • What is in this mini-course?

    We have chosen ten topics for this course. It is always debatable what goes into any course selection, but we have taken a program view, and considered the range of topic in courses from year 6 through to year 12 students. Facilitators have the option of dipping in and out of this course as well as other year level courses to deliver their own specific program. We expect you will make good use of that flexibility. From reading the topics you will see that there is a breadth of topics, ensuring lots of variety. Once you get into the course you will also note that we dip into websites and articles and links from around the world. The WWW is an open-source library of resources which we will point you towards if we think it will add value to your student's or child's learning.

  • Is there flexibility within the course for facilitators?

    Facilitators may choose to do all 10 topics or just one. They also have the choice of doing all, some or none of the activities within each course topic. We aim to give the facilitator as much choice as possible.

  • What are the privacy provisions?

    It is important to note, that there is NO student information collected through the facilitator model. It is a facilitator's username and email address that is collected as part of the subscription process. This is necessary to maintain vigilance over security, as well as support for the facilitator.

  • How long do I have to complete the course once registered?

    We provide a 4 month window from registration date. As there are only 10 topics, 4 months should be ample time to complete the course with students.

  • Will the course be exactly the same each year?

    We intend to update and add lessons to each course regularly, giving you greater choice in how you use the course in a school, college or organisational setting. We understand that you may want to use the course each year with different sets of students.

Stay tuned in!

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Thank You

Financial Education NOT Financial Advice

The Wealth Academy is an education-based company. We provide courses, programs and resources to help young people to develop their financial knowledge and skills. We do NOT suggest or offer any form of financial advice. Course participants seeking financial advice should seek support from licensed financial advisors and institutions.