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Financial literacy is important because it can help students manage their everyday expenses like
buying groceries, paying their bills or even buying a car. Not to mention, be a responsible member of
society who makes the right decisions about where to keep their money safe. Another lesson in
financial literacy students are taught is understanding how their economic choices affect the world
Ontario, G. O. (n.d.). Financial Literacy Education in Ontario Schools. Retrieved April 10, 2018, from
http://www.edu.gov.on.ca/eng/surveyLiteracy.html
Financial Literacy: Supporting your Child’s
Learning
https://www.youtube.com/watch?time_continue=2&v
=6UtKRbEfX4Y
Key Components
Budgeting Basics- Creating and maintaining a set budget is a basic
aspect in trying to stay ahead with your finances. With this day in age
making a budget can be super easy thanks to apps and the internet. If
you do not use a budget it can be hard to keep track of where all your
money is going so by teaching this in school, it can help students to
develop good habits early. (Fastweb.com,2018)
Identity Theft Issues & Safety- Students need to realize how easy it is
now with the internet for someone to steal their identity. The internet
may say that websites are safe, but students must be careful when
making online purchases and giving out personal information.
Teaching students the concept of safeguarding themselves online will
help them to stay protected in the long run. (Fastweb.com,2018)
What Grade do students start to learn Financial
Literacy?
Students who in grades 4-12 learn about financial literacy so they can figure out what
financial
decisions are right for them. This includes four key components: citizenship, economic
understanding, personal finances and consumer awareness.
Ontario, G. O. (n.d.). Financial Literacy Education in Ontario Schools. Retrieved April 10,
2018, from http://www.edu.gov.on.ca/eng/surveyLiteracy.html
How is Financial Literacy taught in schools
• Financial Literacy is taught in the elementary and secondary curriculum. Financial
Literacy is taught in many different subjects, these include Mathematics, Social
Studies, Business studies and more.
• While learning financial literacy students are gaining skills in critical thinking, decision-
making and problem solving.
• In other subject financial literacy may help the student to find their place in the world
and study the different economic systems
(Edu.gov.on.ca, 2018)
Ontario’s Plan to Teach High School Students
Financial Skills?
• in March of 2017, the Ontario minister rolled out a pilot or "trial run" for a new grade 10
careers curriculum.
• they felt the students lacked the essential knowledge of finance, budgeting, filing
taxes and etc.
• over 700 students in 28 different schools across the province to part in this pilot
• the main goal of updating this part of the curriculum was to establish financially
literacy in early teens in the hope that they would be well prepared for adulthood.
https://www.thestar.com/news/gta/2017/03/23/ontario-launches-plan-to-teach-high-
school-kids-financial-skills.html
Financial Literacy: Lesson Plan Example
https://www.bforball.com/kids-canada.php
http://www.mathsisfun.com/money/money-master.html
Peter Pigs Money Counter
Change Maker (U.S, Can, EU, Peso)
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