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FLC - Teachers

The Ministry of Education in Ontario defines financial literacy as "having the knowledge and skills needed to make responsible economic and financial decisions with competence and confidence".  Since financial topics impact many parts of our lives, there is opportunity to incorporate learning into a variety of courses and course activities.  The resources and activities provided cover 7 main topic areas: income management and budgeting, banking, credit, accounting, economics, investing and home ownership. 

 

The resources provided include:

  • 2 workbook activities to give students the opportunity to practice budgeting skills while exploring topics like saving for post-secondary education and preparing for the uncertainties of every day life.  To complete these activities, please print a pdf workbook (provided with each activity) for each student in your class and follow the step by step instructions provided. 
  • 7 themed quizzes - one for each of the main topic areas.  These quizzes can be completed online and can be completed in any order.  Students can attempt a quiz more than once.  Most questions contain feedback, offering additional learning support as you go.  You can access the feedback and check the response by clicking the "How Did I Do" link after answering each question and hovering over the responses.  After submitting the quiz, click "View Details" for a summary of results.

 

These same resources are provided to students in two formats; self-directed and teacher-directed.  The self-directed format is best suited to students who will be engaging with our resources and activities on their own (outside of the classroom).  Students are able to work through the activities at their own pace, receiving feedback as they go.  Please note that the self-directed format organizes the quiz questions differently than the teacher-directed format, but the questions are the same.  The self-directed format includes shorter themed quizzes and 1 comprehensive quiz. The teacher-directed format is best suited to students who will be engaging with our resources and activities with your support (inside the classroom).  The resources and activities available to these students exactly match the resources you see so that you can work through each activity or question together, discussing results and feedback, before moving on to the next activity or question.

 

Once your students have mastered the content on this open site, consider registering your class or club in our Financial Literacy Competition.  The Competition takes place twice per year in May and December.  Students can compete for a chance to win great prizes!  By registering your class or club, your students will not only be able to participate in the Competition, but they will also be able to access additional resources to help them prepare for the challenge.

 

We welcome your feedback - please email saf-flc@uwaterloo.ca.  Thank you for partnering with us in improving the financial health of our youth.

 

Please note: The information and resources made available on this site are the property of the University of Waterloo and the School of Accounting and Finance.  The information and resources are provided for educational use only and are not to be copied, reproduced, or used for any other purpose without the express written consent of the University of Waterloo.

 

Workbooks

Your post-secondary education will be one of the biggest investments you'll make. Do you know how much it will cost? Personal budgeting is the one area of financial literacy that can never be emphasized enough, yet it is rarely practiced. This budget activity will have you explore your future education plans to help you understand what post-secondary education might cost, how you might finance this significant investment, and what you can start doing today to make your future plans a reality. Print the pdf workbook (double sided is recommended) and read the instructions on Page 1. When ready, turn to Page 2 to get started.

Five years after high school, what will you be doing? Will you be OK for money? Will you be happy? Personal budgeting is the one area of financial literacy that can never be emphasized enough, yet it is rarely practiced. Budgets are important at each stage of your life. This budget activity will help you explore your income and expenses in the early stages of your career, just 5 years after graduating from high school. You will experience how different life decisions affect your financial health and your happiness and you'll learn the importance of planning for life's unexpected events. Print the pdf workbook (double sided is recommended) and read the instructions on Page 1. When ready, turn to Page 2 to get started.

Accounting

It is difficult to understand business operations without being able to read, understand and analyse financial statements. Test your knowledge of accounting basics with this short quiz. The material in this quiz should complement your classroom activities.

Banking

Do you have your own bank account and debit card? If yes, fantastic! You've already entered the world of banking. Test your basic knowledge of banking concepts by taking this short quiz. The material in this quiz should complement your classroom activities.

Credit

At some point, you're likely to use credit to make a purchase. Perhaps for a credit card to make a purchase online, perhaps for a loan to purchase your first car, or maybe for a mortgage to buy your first home. Knowing when to use credit and how much credit you can afford is critical to your financial health. Test your knowledge of credit basics by taking this short quiz. The material in this quiz should complement your classroom activities.

Economics

Supply and demand. Do you understand these terms and more importantly, understand their relationship to each other? Test your knowledge of Canada's economy by taking this short quiz. The material in this quiz should complement your classroom activities.

Home Ownership

Buying your first home is likely one of the most significant purchases you will make and the largest debt that you will manage in your lifetime. To welcome our sponsor, Genworth Canada, we're introducing a new quiz to build and test your knowledge of home ownership. Genworth Canada is the largest private residential mortgage insurer in Canada and is committed to the promotion of responsible home ownership by enhancing the knowledge of future home owners like you.

Income Management and Budgeting

Budgeting is an essential skill. Being aware of your income and expenses not only helps you manage day to day but also helps you plan and save for the future. Test your knowledge of income management and budgeting by taking this short quiz. The material in this quiz should complement your classroom activities.

Investing

Saving and investing are two different things. Without savings, you won't have money to invest. Do you understand some of the basics of saving and investing? Test your knowledge with this short quiz. The material in this quiz should complement your classroom activities.