Lesson 21: Life Aspirations
Target Group
Secondary students
Overview
Life Aspirations challenges students to think about their future and the kind of
lifestyle they would like to live. It offers strategies to help achieve their aspirations
while considering their individual personality and educational capabilities.
Concepts Introduced
 Life stage Personal Financial goal setting
 Career goal setting
 Impact of education and training on financial goals
Objectives
Help students understand that long term financial planning is important to achieve
realist life aspirations.
*NZQA Unit Standards supported by this lesson:
28087: Demonstrate understanding of the effect of life stage factors on personal
income sources.
NZQA Reference
28089: Demonstrate understanding of personal financial goal setting.
NZQA Reference
Assessor guide
Student guide
28092: Analyse the effect of significant life events at different life stages on
personal financial income.
NZQA Reference
Assessor guide
Student guide
28098: Evaluate options to increase personal income
NZQA Reference
Assessor guide
Student guide
28100: Develop a plan to achieve a long-term personal financial goal(s)
NZQA Reference
Assessor guide
Student guide
24699: Make an informed decision relating to personal income and explain its
consequences.
NZQA Reference
Facilitator guide
Study guide
Workbook
© Bamzonia NZ 2014 www.bamzonia.co.nz
*NZ Curriculum Levels supported by this lesson:
Levels 5 – 8: Saving and Investing
Levels 6 – 8: Income and Taxation
Levels 5, 7 & 8: Setting Financial goals and planning ahead
*Download this LINK for a full list of NZ Curriculum and NZQA lesson numbers
© Bamzonia NZ 2014 www.bamzonia.co.nz
21. Life aspirations
#
Question
1
You should start thinking about your Life
Aspirations?
Now
Next year
When you are 25
2
Which of the following is a retirement savings
plan?
Term Deposit
Investment Bond
KiwiSaver
3
At which of the following websites can you
match your qualifications to a suitable job?
www.sorted.org.nz
www.stats.govt.nz
10.00%
50.00%
No more
1 year
3 years
5 years
4
On average, how much more do people
with a degree earn over those with NCEA
certificate level 1-3?
5
How many years does it usually take to get a
Bachelor's degree?
6
What does ITO stand for?
Answer 1
Industry Training
Organisation
Answer 2
Interesting Training
Organisation
Answer 3
www.careers.govt.nz
Intermediate
Training Organisation
#
Question
7
What is the most sensible way to save for
retirement?
Take out mortgage
Open a KiwiSaver
account
8
Which website should you check out for
Industry Training?
www.sorted.org.nz
www.itf.org.nz
9
What is the advantage of having
qualifications?
10
The biggest investment you will make in your
life will be?
11
Which is the best website help with
budgeting?
12
What will you automatically receive when
you retire?
Answer 1
It gives you
bragging rights
A pension savings
scheme
www.kiwisaver.govt.nz
Government
Superannuation
payments
Answer 2
You get to make
more friends
Answer 3
Invest in shares
www.trademe.co.nz
They give you
better career
opportunities
A house
A new car
www.ird.govt.nz
www.sorted.org.nz
KiwiSaver payments
Free banking
#
Question
Answer 1
13
Is the Government Superannuation payment
enough to keep you living comfortably?
No
14
Which of these will make the biggest impact
on your finances
Starting a family
15
Which of these is the most important when
managing your finances?
A Credit Card
Answer 2
Yes
Going on holiday
to Fiji
A Piggy Bank
Answer 3
I won't need it - I'll
be a billionaire!
Buying a brand
new car
A Bank Account