Grade 6 Mathematics

Financial Literacy
Learning Activity

Students learn the advantages and disadvantages of using different methods of payments. They investigate financial goals, factors that could affect these goals, and steps to achieve them. Students learn about interest rates and fees offered by banks and other financial institutions.

This Learning Activity is divided into three sections. Adults should guide children through it in the following order:

Minds On: Introduces the learning concepts to be explored in the Learning Activity.
Action: Offers a focused activity to explore the content and discover key concepts.
Consolidation: Provides students with an opportunity to deepen understanding and reflect on learning.

Learning Strand

Financial Literacy

The advantages and disadvantages of using different methods of payment for goods and services are explored. Students investigate different types of financial goals, identify and describe factors that could affect these goals, and outline steps to achieve them. Students explain the concept of interest rates and identify interest rates and fees offered by banks and other financial institutions. They also learn how trading, lending, borrowing and donating are different ways to distribute resources.