
<p><img class=" alignright size-full wp-image-1761" src="http://schoolnewsnz.fastrackdev.com/wp-content/uploads/2015/09/SND19-Financial_capability.jpg" alt="SND19-Financial capability" style="margin: 5px; float: right;" width="300" height="272" />A study undertaken by the Commission for Financial Capability has shown that many teachers think students&#8217; money management skills are low, while in contrast students are confident they know how to manage their money. <!--more--> </p>
<p>The Commission released the research during Money Week (August 31-September 6) to highlight the importance of helping young people make informed choices about money.</p>
<p>The research has been welcomed by Education Minister Hekia Parata and Commerce and Consumer Affairs Minister Paul Goldsmith.</p>
<p>Ms Parata said the Commission plays an important role working alongside the education sector to develop financial education resources for use by students.</p>
<p>&#8220;I congratulate them on the work they are doing to help kids understand money and achieve their goals. This research provides rich information for those designing financial capability programmes in school.&#8221;</p>
<p>Schools are encouraged to develop students&#8217; financial capability, positioning them to make well-informed financial decisions throughout their lives.</p>
<p>The Ministry of Education produces a large range of resources for students and also invests in teacher professional development so that teachers can create exciting <a class="wpil_keyword_link" href="https://www.schoolnews.co.nz/2015/10/developing-opportunities-at-school-with-a-view/" title="opportunities" data-wpil-keyword-link="linked" target="_blank">opportunities</a> for students to learn about money management,&#8221; Ms Parata said.</p>
<p>&#8220;Getting people thinking about money and how to manage it is the key focus of Money Week,&#8221; Mr Goldsmith said.</p>
<p>&#8220;It&#8217;s particularly important to give young people the skills they need to take charge of their financial futures. This research gives us valuable insights into students&#8217; attitudes and behaviour towards money.</p>
<p>&#8220;Better financial capability means having the skills, understanding and confidence to make good financial decisions at all stages of life.</p>
<p>&#8220;Building the financial capability of New Zealanders will help improve the wellbeing of our families and communities, reduce debt and hardship, increase investment and grow jobs and the economy.&#8221;</p></p>

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