FL10.1

Explore how value systems, social factors, personal experiences and cultural backgrounds can influence financial decision-making.

Indicators for this outcome
(a) Explore the impact value systems developed in childhood can have on attitudes towards finances.
(b) Investigate how culture, religion and family belief systems can influence trust in, and value of, financial institutions.
(c) Explore how social influences and personal experiences shape one’s attitudes toward financial decision-making.
(d) Examine various cultural perspectives on income, budgeting, saving, sharing and accessing credit.
(e) Research various approaches to financial decision-making based on different perspectives or traditions (e.g., halal banking, Indigenous beliefs on sharing).
(f) Discuss how community and societal norms (e.g., expectations regarding gender roles) influence the financial well-being of self, family and community.
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