It’s about time that schools teach students financial literacy, skills of money management as well as “common cents” in using cash and credit cards.
It certainly would not be profitable for families and society if the students acquire only habits of spending money and going into major debts, rather than habits of saving and graduating with bulging bank accounts.
Ontario, Canada: Newsroom
February 28, 2011 8:30 AM
Teaching Students How To Manage Money
McGuinty Government Supports Student Success, Stronger Economy
Ontario is taking the next step in its plan to integrate financial literacy into the curriculum this September.
Working with the Ontario Securities Commission and the Investor Education Fund, the province is developing new financial literacy resources for teachers to help students in grades 4 to 12 learn basic financial skills so they can make informed and effective decisions about how to manage money. These new resources will include videos and electronic learning activities for the classroom.
Preparing students to be financially literate is essential to student success and a stronger economy. It’s part of the province’s Open Ontario plan to build a well-educated workforce and prepare Ontario for a more prosperous future.
- A 2008 national survey by Credit Canada and the Ontario Association for Credit Counselling Services found 54 per cent of teenagers would not pay their credit card off in full each month.
- New financial literacy resources, tools and training are being developed with almost $2 million in funding from the Ontario Securities Commission and support from the Investor Education Fund.
- Professional learning sessions and workshops are also being scheduled for teachers this summer to help them better engage students about financial decision-making topics.
- This initiative responds to recommendations in Ontario’s Working Group on financial literacy report.
- Mike Feenstra
Ministry of Education
We would love to receive your comments. Do you think this is a good initiative of the provincial government?