ASB - Get wise with your cash!

Kia ora everyone,

Today we joined a zoom meeting at 11am with someone who is part of the ASB GetWise program. The ASB GetWise program is a financial literacy program to teach and inspire students to be confident and to be wise with your money. He said he wanted to play this game with us and I was the only one in the zoom meeting while everyone else is in school. I wasn't the only one who stayed home, there were other people but they just didn't join for some reason.

Anyway, he said he wanted to play a game with us. He said it was a game about being wise with your money or something. And it actually was. First, he told us to write cash as if we were writing an acrostic poem. Then, he told us to write "Clear" for the C in cash. What he meant by clear was to set a clear goal for what we wanna buy. We had to say what we were gonna buy (obviously) How much it was, and where you are going to buy it from. Is it going to be online? Or a shop? He gave us one minute to write down that information.

Then, he asked if anyone wanted to share anything with the class. A few people shared their info, but not many.

So, you kind of get it, right? After that, he asked us what the next one will be. None of us really figured it out, so he just told us. The second word was "Actions". What he meant were the actions we could do to get our income. Income is kind of like your earnings, the money you earn for doing jobs. He asked us what actions we could do to get income. He gave us 30 seconds to write down ways to earn money. I wrote down to do chores, help out with the house (basically chores, why did I write that), and to help other people for a price. There are other ways, like helping out your neighbourhood - doing neighbourhood jobs.

He then asked us what the next one would be, and we guessed save. We were partially right because it was save & spend. Same thing anyways.

He then told us to imagine he gave us an income of $20 and he asked what we would save and what we would spend. For instance, imagine someone got an allowance of $15 a week, and they spend $5 a week but save $10. But for us, we "have an income of $20." He gave us 30 seconds to write the info of how much we would spend a week and how much we would save. Some students said they wanted to save all of it and not spend anything, others (including me) said they would spend $5 a week and keep the other $15.

The final question was How long? What he meant by this was he was asking how long until you get enough money to reach your goal? For me, it would take me 4 weeks as I chose that I want to buy more clothing. Specifically, track pants. I don't know why but I just really like wearing them. And I don't have that many pairs. Other students wanted to buy an iPad, and someone else wanted to buy some books. One student said he wanted to save up for a Nintendo Switch.

Now, It's time to apply this to your real life! Have a talk with your parents or some trusted friends. Maybe try knocking on your neighbour's door to see if they need any help with anything. If you would try this out, what would you set your goal on? How much will it be? What are you going to get? What are you going to do for your income? Where are you going to get it from? What will you save & spend? How long do you think it would take you to reach your goal?

You made it so the end of my post! Thanks for reading it, I really appreciate it. Have a fantastic day and see you on the next blog!

P.S: Sorry for the inactivity on my blog for the past 6 days. I have been really busy with some other stuff.