Teacher guide MoneySmart: Sal's secret

TLF ID M017868

This is a year 3 mathematics unit of work about saving and budgeting for a class party. The unit is intended to take about 10.5 hours of teaching and learning time spread over some months. It consists of nine student activities supported by teacher notes on curriculum, pedagogy and assessment. Student activities include creating a spreadsheet; performing mental calculations involving addition, subtraction and multiplication; working through spending and budgeting scenarios; and planning purchases for the party. The resource provides an assessment rubric, coin and note cutouts, student worksheets, supplementary resources including the text 'Secrets', and links to websites.

Educational details

Educational value
  • This resource is of value for the Number and Algebra and the Statistics and Probability strands of the year 3 mathematics curriculum. Its context of saving for a class party is likely to remain engaging for the duration of the unit. Its student activities are relevant for content descriptions and elements of the year 3 achievement standard that refer, directly or indirectly, to using mental strategies for addition, subtraction and multiplication; representing money values in multiple ways; counting change required for simple transactions; collecting data, organising them into categories and creating displays with the use of digital technologies.
  • The resource has considerable value for a number of the general capabilities, connecting with the organising elements of comprehending texts (literacy), estimating and calculating with whole numbers (numeracy), creating with ICT and managing and operating ICT (ICT capability), social management (personal and social capability), and inquiring - identifying, exploring and organising information and ideas (critical and creative thinking).
  • The resource is also very useful for the National Consumer and Financial Literacy Framework. It supports learnings at band 4 in all three dimensions of the Framework. Learnings include explaining some different forms that money can take and how saving money in a financial institution can earn interest (Knowledge and understanding dimension), using money to buy basic goods and services in 'real-life' contexts and creating simple budgets for specific purposes (Competence), and identifying and applying consumer and financial knowledge and skills in relevant class or school activities such as special events (Responsibility and enterprise).
Year level


Other details

  • Contributor
  • Name: Education Services Australia
  • Organization: Education Services Australia
  • Description: Data manager
  • Address: VIC, AUSTRALIA
  • URL: http://www.esa.edu.au/
  • Copyright Holder
  • Name: Australian Securities and Investments Commission
  • Organization: Australian Securities and Investments Commission
  • URL: http://www.asic.gov.au/
  • Publisher
  • Name: Australian Securities and Investments Commission
  • Organization: Australian Securities and Investments Commission
  • Description: Publisher
  • URL: http://www.asic.gov.au/
  • Resource metadata contributed by
  • Name: Education Services Australia Ltd
  • Organisation: Education Services Australia Ltd
  • Address: AUSTRALIA
  • URL: www.esa.edu.au
Access profile
  • Unknown
Learning Resource Type
  • Online
  • © Australian Securities and Investments Commission 2015. This material is licensed under a Creative Commons Attribution Non-Commercial Share Alike 4.0 Australia Licence.