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Listed under:  Economics and business  >  Finance  >  Interest (Finance)
Video

My Five Cents: Why borrowing can cost you more

Think credit cards are basically free money? Gen Fricker will make you think again. Learn how interest rates and fees affect the money you borrow, and why they may be more expensive in the long run. Oh dear! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

Video

My Five Cents: What is compound interest?

Compound interest will be one of the most important things you ever learn. Don't believe it? Gen Fricker will explain why. Learn how compound interest works, and why saving now can help you later. Game changer! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.

Video

How do interest rates work?

What are interest rates? What determines the interest rates in Australia? And how do interest rates affect the economy? Listen as Dr Ashton de Silva explains.

Downloadable

Understanding compound interest

In this lesson students learn how compound interest works. They explore the difference between simple interest and compound interest, apply compund interest to saving scenarios and calculate the outcomes from different deposit plans with compund interest applied. They then go on to consider the impact of compound interest ...

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Investing

This lesson explores what investing is, different types of investments and their risks, how to invest safely and where to begin. The resource is part of a suite of lesson plans and activities from MoneySmart, designed to bring everyday financial topics into the classroom.