Banqer High Stage 3 complements a school’s pastoral care program, providing students with the knowledge and abilities necessary to navigate financial life after school.
Primarily self-paced and student-led, Educators of all backgrounds can deliver Stage 3. The platform simulates decisions around leaving home, career pathways and higher education, debt management and other critical choices made from the ages of 17 - 22.
This article aims to offer a sneak peek into the topics that students will encounter throughout their journey with Stage 3.
Banking
Students will open new accounts, learn how to make transfers and payments, and report suspicious transactions to understand the importance of regular account checks. Opening a credit or debit card allows for online purchases, teaching debt management and on-time payments. Through platform events, they will practice problem-solving skills and develop effective account management strategies with the aim of growing their savings.
Budgeting
Effective budgeting is pivotal to lifelong financial well-being. Through hands-on experiences, students will develop their skills in creating accurate budgets based on their income and expenses. They'll explore budget surpluses or deficits through different activities, learning to build an emergency fund and leveraging surpluses to grow future wealth.
Living Costs
Securing the right rental accommodation is a key step for students, who must weigh factors like commute distance, number of housemates, and property condition. Once they've signed a lease, they navigate living costs, including meal plans meeting their budget and dietary needs, and balanced leisure activities. Students leading unbalanced lives can then make changes to enhance their overall well-being and avoid future complications.
Career Pathways
Career Pathways is a pivotal topic in Banqer High Stage 3, steering students through post-school choices like full-time work or further study. They explore future careers, create professional profiles, and unlock part-time jobs with transferable skills for their chosen future career. After starting part-time employment, students will face an important decision, accept a full-time job or pursue full-time study. This decision shapes the rest of the individual learning journey.
Transport
Students will delve into travel costs and their financial implications, weighing transportation options for daily activities like commuting, studying, and leisure. They'll investigate public and sustainable transport, understand their societal and environmental benefits, and realise the impact of their choices. Regularly topping up travel cards is their responsibility, with failure leading to costly short-term alternatives.
And more to come…
As we continue refining Stage 3, certain areas are actively being fine-tuned to ensure they offer the most comprehensive and engaging digital financial education. We're excited about what's brewing behind the scenes and can't wait to share more details soon on topics like General Insurance, Personal Risk Insurance, Investment and more.
Banqer High Stage 3 represents one of the biggest advancements in reporting learning outcomes. It provides leadership with detailed insights into student progress across the school, Year Levels and classrooms, allowing seamless reporting to the Board, community, and parents, directly linking platform investment to enhanced student financial literacy.
