Financial Literacy 20
The instructor for this course is MJ Sherven
Course History
First Offered in 2020
Developed by Reg Nakoneshny
Financial Literacy 20
Students make financial decisions every day. Every purchase they make and every dollar they save, are examples of financial decisions that affect their current, and future lives. Instilling students with foundational knowledge, and skills in financial literacy will help them approach basic and complex issues associated with financial decisions.
The purpose of Financial Literacy is to develop informed consumers with the habits, attitudes, and critical thinking skills necessary, to approach financial decisions with competence and confidence, both now and in their future lives.
The Areas of Focus for Financial Literacy are:
- Earning
- Saving
- Spending
- Borrowing
- Sharing
- Investing
- Protecting
The curriculum and this course address financial issues and decisions, that students may already be facing. It also highlights other issues they are likely to face in the first few years beyond high school. In addition, it touches upon more complex issues such as home ownership, debt management, and retirement planning, which are part of a lifelong financial journey.
Course weighting (based on time allotment, assuming all modules are executed)
Module Titles – Assignments/Tasks/Quizzes/Exams | Approximate Days |
A – YOU A2 – Assignment: What’s the plan? A3 – Assignment: time and Money: Reaching your goals A4 – Assignment: “Protect your identity” scavenger hunt A5 – Assignment: On spot or not, assets and liabilities A6 – Assignment: Budgeting 101 – How to get it done A7 – Assignment When you grow up… 7 Journal entries on various module topics Level A CHALLENGE (Review Quiz) |
25 Days |
B - Financial Institutions B3 – Assignment: History of chequing B4 – Assignment 1: Tax definitions & case study B4 – Assignment 2: The more you make, the more they take B5 – Assignment: Ways to earn an income sheet Level B CHALLENGE (Review Quiz) |
30 Days |
C – Payday C1 – Assignment 1: Pay slip dissection C2 – Assignment 2: Pay slip research C3 – Assignment 3.1: Money safety C3 – Assignment 3.2: Calculate the tax C4 – Assignment 3.5: Investing Tips & Tricks Level C CHALLENGE (Review Quiz) |
30 Days |
D – Borrowing D1 – Assignment 4.1: Credit Crisis D2 – Assignment 4.2: Credit Scores – Guided notes D3 – Assignment 4.3: Approve or Deny? D4 – Assignment 4.4: Credit Crossroads Level D CHALLENGE (Review Quiz) |
30 Days |
E – Contracts E1 – Assignment 5.1: The real cost of ownership |
20 Days |
F – Saving F1 – Assignment 6.1: It’s Saving Time! Level F CHALLENGE (Review Quiz) |
5 Days |
G – Protecting G1 – Assignment 7.1: Knowledge is Power |
5 Days |
FINAL EXAM | 5 Days |