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FINANCIAL LITERACY
STRATEGIES 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/financialLi
    teracy/index.html
   http://www.moneyville.ca/
Questions

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Financial literacyobea2013

  • 1. FINANCIAL LITERACY STRATEGIES FOR SUCCESS By Jeff Balch and Dan Pasic OBEA Conference – Spring 2013
  • 2.
  • 3. We Want to Know What You Think? Pollev.com/balch
  • 4. 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
  • 5. What do the big muckety-mucks say? (or even the small muckety- mucks)
  • 6. 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
  • 7. 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
  • 8. Why do Financial Literacy?  Improve economy  Improve individual
  • 9.
  • 10. What do we do?  Basic economics?  Budgeting?  Investing/Borrowing (time value of $)
  • 11. So that sounds good but…  When do I have time to do it?
  • 12. 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.
  • 13.
  • 14. 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)
  • 15.
  • 16. 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
  • 17. Looking for some Resources  http://www.fcac-acfc.gc.ca  http://www.getsmarteraboutmoney.ca  http://www.canlearn.ca  http://www.edugains.ca/newsite/financialLi teracy/index.html  http://www.moneyville.ca/

Editor's Notes

  1. According to the Task Force barely a day goes by when we don’t have to make some sort of financial decision. Having the knowledge and skills is a fundamental life skill.
  2. No two classes are the same – no two studentsStory from the city – article from paper – server as a basis of discussionVideo – funny money and financial toolkit
  3. Highlight Activity –budget gameGroup game – this and that
  4. UnbaisedTrustworthBe careful of motives (is it a sales pitch)Partial list – many more including banks, master card, visa, Subject associationsBlogs and webs of “financial gurus” gailvaxoxlade, suzieorman , daveramsey …