Did you know that 14 per cent of people who declared bankruptcy in 2011 were aged between 18 and 29?
Or, that 20 per cent of young mobile phone owners admit that their bills cause them problems.
Help young people develop smart consumer skills by getting them involved in the Buy Smart Competition 2013.
The competition is a chance for young people to sharpen their consumer and financial literacy skills - helping them to save money and spend wisely.
Winners receive cash prizes - up to $500 for themselves and $1500 for their school or organisation.
Entries close 20 September 2013.
Whether you are a school teacher or work with young people in a youth group, church group, community group, disability group or any other group - we encourage you to get young people involved and talking about these issues.
To take part, participants must:
- Research a consumer issue.
- Choose a target audience.
- Create an innovative way to present the consumer issue to their target audience.
- Submit their entry to the Office of Fair Trading.
Possible topics include:
- consumer rights and responsibilities
- product safety
- mobile phones
- spending wisely
- buying and running a car
The Office of Fair Trading is always happy to hear how past winners have spent their Buy Smart Competition money. Previous winning schools have spent their prize money on student resources including new technologies and classroom equipment, as well as teacher resources and development. Here are some examples:
- A south-east Queensland school purchased three tablet computers for use by their enrichment students.
- A school bought a video camera, boom microphone and an educational robotics kit for their enrichment group (high achievers).
- A regional school used their money to buy a tablet computer for students to use in their break out space to improve learning outcomes.
- A Brisbane school sent a teacher to a conference on 21st century learning. They also purchased a subscription to a business magazine, financial literacy books, teacher resources and six copies of an educational board game.
Check out the winners of the 2012 competition for ideas.
Last reviewed 29/10/2013