web conferences to develop awareness of the ministry of education’s financial literacy initiative
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A Sound Investment: Financial literacy education in Ontario Schools. Web Conferences to develop awareness of the Ministry of Education’s Financial Literacy Initiative. Practical Strategies for Elementary School Principals. Presented By - PowerPoint PPT PresentationTRANSCRIPT
Web Conferences to develop awareness of the Ministry of Education’s Financial Literacy
Initiative
A Sound Investment: Financial literacy education
in Ontario Schools
Practical Strategies for Elementary School Principals
Presented By
Mary Linton-Brady, Curtis Tye, Mary Cordeiro
Reflection
Please feel free to comment, using the CHAT FEATURE on the following questions while you are waiting for the
conference to begin
What do you know about financial literacy?
What role should schools play in developing financial literacy?
Please standby - the session will begin shortly
While you are waiting for the conference to begin, please use the CHAT FUNCTION to:
Introduce yourself and your team
Identify your role and the roles of team members
Describe why you registered for this web conference
Planning Team
Mary Linton Brady, OPC
Brigitte Clément, ADFO
Mary Cordeiro, CPCO
Lily Harfouche, ADFO
Curtis Tye, OPC
Our Reality?
Why not mom? You can use your credit card!
Background
A Federal Task Force on Financial Literacy was appointed in June 2009, with a mandate to make recommendations to the Minister of Finance on a national strategy to improve financial literacy in Canada
The report is entitled, Canadians and Their Money (December 2010)
http://publications.gc.ca/collections/collection_2011/fin/F2-198-2011-eng.pdf
Information and Statistics
Source: Canadians and Their Money, page 14
AREA OF FINANCIAL LITERACY
Making ends meet
Keeping track
Choosing products
Planning ahead
Staying informed
Who’s strugglin
g?
•Aboriginal Canadians•Young adults•Very recent immigrants•Low-income and low-net-worth households
•Seniors•Adults who let others make most major and ongoing financial decisions for them
•Aboriginal Canadians•Recent and very recent immigrants•Young adults
•Seniors•Aboriginal Canadians•Very recent immigrants•Young adults•Low-income and low-net-worth households•Singles
•Seniors•Aboriginal Canadians•Recent and very recent immigrants•Low-income households•Renters
Who’s doing
better?
•Seniors•High-income households
•Very recent immigrants
•High-income and high-net-worth households
•Homeowners
•People who have taken a course in financial matters•High-net-worth households
Financial Literacy in Ontario
“Having the knowledge and skills needed to make responsible economic and financial decisions
with competence and confidence.”
A Sound Investment: Financial Literacy in Ontario Schools (p. 7)
http://www.edu.gov.on.ca/eng/Financial_Literacy_Eng.pdf
Vision
“Ontario students will have the skills and knowledge to take responsibility for managing 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 (page 4)
Recommendations
Six key areas of recommendation are identified:
1.Core knowledge, skills, and competencies for students
2.Support for teachers and other educators
A Sound Investment: Financial Literacy Education in Ontario Schools
http://www.edu.gov.on.ca/eng/Financial_Literacy_Eng.pdf
Recommendations
3. Engagement of government, school boards, schools, students, parents, families and the broader community
4. Leadership and Accountability
5. The importance of equity
6. Optimizing technology
http://www.edu.gov.on.ca/eng/Financial_Literacy_Eng.pdf
Connections to Ministry Initiatives
Literacy and Numeracy Strategy (K-6)
Student Success Strategy (7-12)
School Effectiveness Framework (SEF); Board Improvement Plan (BIP)
Ontario (Catholic) Leadership Framework (OLF/OCLF); Core Leadership Capacities
Ontario Equity and Inclusive Education
Connections to Ministry InitiativesGrowing Success: Assessment, Evaluation, and Reporting in Ontario Schools
Student Engagement/ Student Voice
Parent/Community Engagement
Character Education
Education for All (Special Needs)
ELL Education
Aboriginal Education, etc……
Questions
How do we highlight Financial Literacy education in curriculum areas?
Which supports/resources are available to assist principals with this work?
Financial Literacy – A part of the Ontario Curriculum
Elementary and Secondary Scope and Sequence documents (www.edu.gov.on.ca)
Principals are co-learners and support teachers as they…
Use Scope and Sequence to open the discussion about expectations related to financial literacy in specific grades
Identify opportunities to promote and integrate the development of financial literacy skills and knowledge in each grade
View Edugains materials with staff as appropriate
Sample Expectation Related to Financial Literacy
Grade 4 Language
use overt and implied messages to draw inferences and construct meaning in media texts (e.g., overt message on packaging for a video game: In this adventure game, characters take big risks and perform amazing deeds; implied message: If you buy this game, you can share in the excitement and be more like the daring characters)
Sample Expectation Related to Financial Literacy
Grade 6 Health and Physical Education (Interim Edition 2010)
C2. Making Healthy Choices
C2.1 apply their knowledge of medical, emotional, practical, and societal factors that influence eating habits and food choices (e.g., … media influences, … cost) to develop personal guidelines for healthier eating [CT]
Teacher prompt: “How do you handle emotional and social factors that could lead to poor eating habits or choices?”
Sample Expectation Related to Financial Literacy
Grade 8 Arts
B3.2 identify and describe a wide variety of ways in which drama and theatre make or have made contributions to social, cultural, and economic life in a variety of times and places (e.g., … by providing jobs; by attracting tourists; by communicating and teaching about a range of topics; … by raising awareness of … social/global issues)
Teacher prompt: “How do theatre performances help the economy?”
Connecting Financial Literacy
Into school activities…….….….
Into real-life experiences…….….….
Supports and Resources
On the Ministry website you will find…http://www.edu.gov.on.ca/eng/surveyLiteracy.html
Elementary and Secondary Scope and Sequence documents
Frequently Asked Questions
A Sound Investment: Financial Literacy Education in Ontario Schools
Link to EDUGains websitehttp://www.edugains.ca/newsite/index.html
Initial sample of Elementary and Secondary videos
Key Points for Staff
Financial Literacy is a school-wide initiative
Introduce concept at staff meetings and professional development sessions
Brainstorm ideas for implementation through existing school structures (e.g., TLCP/Inquiry Model/PLC and Grade Team meetings)
Integrate into questions for visitors to school
Encourage staff to incorporate into class projects and assignments
Messages for Parents and School Council
Ministry documents and applicable links placed on school web site
Financial Literacy information in school newsletters with camera-ready examples of student work
Encourage parent dialogues whenever possible
Invitation to parent community to discuss Financial Literacy (i.e., Financial Literacy, Curriculum and Orientation Nights)
Community Partnerships
Develop a school committee on Financial Literacy
Student Council Finance Committee
Nutrition Program – Healthy Eating develop utilize financial/budget information
Connection with local businesses
Career Day to include individuals from the financial sector
Outside Partnerships
Community partnerships – how do principals get others involved?
Local financial business partnerships (e.g., local banks, financial organizations)
School Board budget department (i.e., central office)
Local businesses and those that do business with school
Family connections to business (i.e., own family business)
Connect to school financial activities (e.g., fundraising events)
Class visits to local grocery stores
Prepare specific questions for guest speakers (e.g., authors)
Next Steps
Survey
Resource List
What is one action you intend to pursue as a result of this session?