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FLC - Student (teacher-directed)

Did you know that Canada has a Financial Literacy Leader?  Jane Rooney's role is to provide guidance and expertise to implement Canada's National Strategy for Financial Literacy - Count me in, Canada (#CountMeInCA).  Why is financial literacy so important?  Just like your physical and mental health, in today's complex world, having the knowledge and skills to make responsible economic and financial decisions with confidence can improve your financial stability and health at each stage of your life.

 

When it comes to financial literacy, Canadian students are among the best in the world according to a survey administered by the Organisation for Economic Cooperation and Development (OECD) in 2015.  But there is still much work to be done.  By engaging with the activities and resources in this module in your classroom or club, you've taken a big step forward in expanding your knowledge and skills and building a stable and healthy financial future.

 

The resources provided include:

  • 2 workbook activities to practice your budgeting skills while exploring topics like saving for post-secondary education and preparing for the uncertainties of every day life. 
  • 6 themed quizzes - one for each of the 6 competency areas; income management and budgeting, banking, investing, economics, accounting and credit. 
  • NEW QUIZ -  introduced May 15th to welcome Genworth Canada as a sponsor.  Test your knowledge of home ownership with this short quiz.

Your teacher will provide direction on how and when to complete these activities to complement your classroom learning.

 

If you've completed all of the activities and are eager to learn more, talk to your teacher about enrolling your class or club in the Financial Literacy Competition for a chance to win great prizes!  The Competition takes place twice per year in December and May.  Registration for the December 2018 competition will open in September.  By registering you'll not only be able to participate in the Competition, but you'll also gain access to additional resources to help you prepare.  We hope you'll take the challenge!

 

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.

Lesson

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.

Lesson

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.

Practice

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.

Practice

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.

Practice

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.

Practice

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.

Practice

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.

Practice

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.

Practice