FINANCIAL LITERACYSTRATEGIES FOR SUCCESS

By Jeff Balch and Dan Pasic

OBEA Conference – Spring 2013

We Want to Know What You Think?

Pollev.com/balch

Talk to Us

.Don’t understand what we are saying, (most don’t) ..have a question (yes we were born this beautiful) or… have a point to say – use the back channel to let us know

http://todaysmeet.com/obea

What do the big muckety-mucks say?(or even the small muckety- mucks)

Financial Literacy

…having the knowledge to understand personal and broader financial matters, skills to apply that knowledge and understanding to everyday life, and the confidence to use the skills and knowledge to make responsible financial decisions that are appropriate to the individual’s situation.

- National Task Force on Financial Literacy, 2009

Financial Literacy

"Ontario students will have the skills and knowledge to take responsibility for managing their personal financial well-being with confidence, competence, and a compassionate awareness of the world around them.“

 A Sound Investment: Financial Literacy Education in Ontario Schools, 2010

Why do Financial Literacy?

Improve economy Improve individual

What do we do?

Basic economics? Budgeting? Investing/Borrowing (time value

of $)

So that sounds good but…

When do I have time to do it?

Anytime

A big misconception is that teaching financial literacy requires you to do formal lessons

Instead, think that your role is just to initiate …to prime… to have them think…

Full lessons are great but not necessary, you may only have be a few moments a day or week

The focus is tie all lessons to Financial Literacy regardless of course.

So how do we get the message across

Stories (read and reflect, case study or reader’s theatre)

Teacher led lessons Workbooks Video (let’s watch and discuss)

Have you thought about trying this

Online games and quizzes Activities Group games (Time to Do – Brief

Sample) Economic Game This or That Post-it, Pile-it

Looking for some Resources

http://www.fcac-acfc.gc.ca http://

www.getsmarteraboutmoney.ca http://www.canlearn.ca http://

www.edugains.ca/newsite/financialLiteracy/index.html

http://www.moneyville.ca/

Questions