Today on KEA Kids News,
"it's a special day for all the people of New Zealand"
180 years of Waitangi Day,
we meet the Prime Minister and she gives us a feast,
Good to see you! Prime Minister: Nice to see you!
And money, money money! Why is it such a big deal, even for us kids?
Today's news is why us kids
have to learn more about financial literacy.
Kia Ora!
We are here at the Prime Ministers breakfast.
Waitangi Day is a day of celebration
and the Prime Minister kicks it off by cooking everyone breakfast
but what do people think about the breakfast?
Why does she do it?
And how good is Jacinda at cooking?
Let's get in line to find out!
Reporter: Are you excited to be served by the prime minister?
Visitor: Yes, sure! I've never had a Prime Minister serve me before.
Reporter: What time did you get up this morning?
Visitor: I got up at 2 o'clock this morning.
Reporter: Woooah!
What did you make for breakfast?
Jacinda Ardern: we had eggs and bacon and sausages.
Reporter: oh good! What time did you get up this morning?
Jacinda Ardern: I got up at around 20 past 4 this morning.
Ardern: What time did you get up?
Reporter: 5oclock
Ardern: oh! A sleep in!
Reporter: *laughs*... Nice to see you!
Ardern: Nice to see you!
Meeting the Prime Minister was the best thing I've ever done maybe! Woah!
Wow! *deep breaths*
Reporter: Were you served by the Prime Minister? How was it?
Visitor: Good! I liked the sausages.
Reporter: Why do you think she put on this breakfast?
Visitor: because it's a special day for all the people of New Zealand
and I guess she probably just wants to be a part of that
it's a really great thing to do.
Reporter: So that's breakfast sorted, let's check out what else is happening at Waitangi Day.
What do you think about Waitangi?
Visitor: Well I think it's really nice that people come here and try and learn about things
that they don't really know about much.
Visitor: I really like it, I've never done anything before like this
or seen anything before like this.
So I very much enjoyed it.
What's your favourite thing about Waitangi?
Visitor: I'm just coming here and bombing for the boys
Visitor: There's a lot of fun things here, I'm making friends and yeah...
Visitor: I just seen everyone jumping off the bridge and I thought I'd try it.
Reporter: It's 180 years since the singing of the treaty
and Waitangi remains the meeting place and bombing bridge to be at.
Kia Ora, I'm Gus
and I'm from KEA Kids news.
Today's news
an online tool that teachers use to teach kids all about money.
Pupil: I've learnt how to write CVs and what to put in them
for when I'm older and I want a job.
Pupil: I'm definitely going to have KiwiSaver
because you can keep getting money to have a good retirement and your first house.
Reporter: This is the place.
Kia Ora Kendall, thanks for agreeing to see me
and here is my stash of cash
and I might need some advice.
Why is financial literacy so important to learn when you're young?
Well Gus, money plays a really important role in our lives
so it's really important that we start learning and talking about it when we are young
so that we form good beahviours.
Reporter: How do most kids learn about money
when they're not actually learning it at school?
Kendall: Unfortunately most of us learn about money by making mistakes
but money is pretty important and sometimes a money mistake can have a a big effect on your life.
Person: I would tell my younger self, there is food at home, you do not need to go out
and spend money eating out all the time.
Person: Spend wisely, don't spend money on stupid things when you are younger.
Person: don't buy designer clothes and shoes because it just means nothing at the end of the day.
Person: I would tell my younger self to save money and go travelling.
Person: Save money and probably save for a house deposit.
Person: start a kiwi saver as soon as possible.
Gus: I'm 10 and I'm not even thinking about mortgages or retirement.
So why do I need to learn it now?
Kendall: the cool thing about money is the earlier you start collecting it
and you start saving it the bigger it's going to be in the end.
Gus: I've heard some people's retirement plan is 'lotto'
is that a thing?
Kendall: unfortunately I think it might be a thing
the way that lotto works means you're not guaranteed to win it right?
so I think that's a pretty dangerous way to prepare for your retirement.
Gus: some people say that people get paid in peanuts
Kendall: some people get paid peanuts, which means not very much
but not paid IN peanuts.
Gus: They say money goes down the drain, does it really?
Kendall: Kind of. They don't necessarily pour this stuff down the drain
they can make those bad decisions which esssentially means all of this disappears over night
because of one decision.
Gus: Does money really grow?
Kendall: Money does grow. Not on trees like some people say
but money does grow.
When you put in the bank, the bank will give you a little bit of free money
just for having it there, it's called interest.
Gus: so what should I do with all of this?
Kendall: I think a great step for you at 10 years old might be to open a bank account.
Gus: Thanks Kendall! I've learnt heaps.
So there you have it! Financial literacy.
A way us kids can be prepared to make big decisions.
This is Gus, reporting for KEA kids news.