Code: 2.3.3 · Children and youth
Choosing how to save
Descriptors
Knowledge
What you can do at this level
- Kage:6-10
Understands that money can be saved physically (e.g., at home) or in a deposit account at a financial institution
- Kage:11-15
Knows about different saving options and that they might differ in terms of protection, time horizon and expected return
Skill
What you can do at this level
- Sage:16-18digitalsustainablecitizenship
Compares and chooses different saving options based on their characteristics (interest rates, fees, taxes, withdrawal policy, including where available environmental, social and corporate governance aspects), also using reliable and impartial comparison tools
Attitude
What you can do at this level
- Aage:16-18
Confident in choosing suitable saving products
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.
- A — How you approach things: values, dispositions and behaviours.