Financial literacy means having the knowledge and skills to make responsible economic and financial decisions with confidence. In today's complex world, young people need a wide range of skills and knowledge to make informed choices. Financial literacy will help students to:
- Carefully consider their financial choices. This can apply to everyday decisions, like buying groceries to bigger investments, like paying for tuition or buying a car.
- Understand basic money management.
- Develop their own perspectives on financial matters, such as interest rates, mortgage rules or the Canadian or global economy.
- Participate fully in society as knowledgeable, responsible citizens who can confidently make decisions about where and how to invest their money.
- Stay financially stable and healthy throughout life.
- Understand the impact of economic choices on the world they live in.
~Ministry of Education website
Visit these websites to learn more about financial literacy and financial decision making:
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| Get Smarter About Money has information, tools, quizzes and more to help parents and students make better financial decisions in different areas of life. The website is run by the Investor Education Fund, a non-profit organization established by the Ontario Securities Commission. |
Financial Consumer Agency of Canada is a federal government agency that gives consumers information about a wide variety of consumer topics |
Canada Banker's Association has information for parents and students about financial literacy, planning, budgeting and saving. |
Managing Your Finances is a website provided by Canadian government under Services for Youth which provides tips for students on managing their finances. |