Making a difference with financial literacy education
At PwC, one of the ways we engage with our communities is by utilising our skills and resources where they'll have the greatest lasting benefit. We have over 1,800 well-educated and highly motivated staff, and one attribute widely shared by these individuals is financial literacy. Playing to that strength, we've developed a financial literacy program - FLiP which we deliver in low decile primary schools across NZ.
We proudly equip our future generations with a set of skills and knowledge that allows that individual to make informed and effective decisions with their financial resources.
From FLiP’s launch in August 2015 we have delivered the lessons to over 12,000 kiwi kids in low decile schools - how awesome is that?!
By starting financial literacy education at a young age, students are given the greatest opportunity to grow their knowledge as they progress through their schooling. Reinforced and applied ongoing, the skills they learn now, should stay with them for life.
Our FLiP Modules
Mapped against the NZ Education Curriculum and in consultation with the Commission for Financial Capability, FLiP is aimed at children in ages 9-10.
The programme is made up of two play-based modules which are a mix of facilitated discussion, group activities and fun role-play scenarios. The first module focuses on spending and saving and defining wants and needs. In this module students get the chance to ‘earn’ and ‘spend’ kiwiana money, prioritising needs over wants, while being prepared for unexpected costs with emergency savings. The second module leverages the skills acquired from Module 1 to introduce credit and debt and the importance of responsible lending and borrowing. In this module students act out different scenarios and identify characteristics of trustworthiness and the importance thereof. Through this, the values of responsibility, honesty, and trust to make sound financial decisions are emphasised and strengthened.
Why have PwC developed this programme?
Government and social sector agencies can only go so far when meeting the needs of communities; it’s becoming an increasing expectation for big businesses to lead social progress. Our Corporate Responsibility strategy commits to increasing the positive impact of our community activities. By leveraging our skills to teach children financial literacy, we can work towards our goal of helping with child welfare in NZ, through education.
Why are we targeting low decile schools?
Our CR strategy focuses on maximising our efforts where we can make the most difference. Therefore, low decile schools are a strategic fit for the program. We continue to partner with decile 1-4 schools nationally.
If you're interested in learning more about the FLiP for your local school, please contact us.