The document outlines a financial literacy project for students, focusing on real-life budgeting skills using a hypothetical inheritance of $1,000,000. Students must plan expenditures for college, a home, a vehicle, a family vacation, and a charitable donation, adhering to specific guidelines and budget constraints. Additional resources for teaching financial literacy and project-based learning are also provided.

1. Jennifer Dehaney, Grade 8 DCDSB
Hillary Rogers, Grade 1 FI DCDSB
TEACHING FINANCIAL
LITERACYTHROUGH
PROJECT BASED
LEARNING

3. Agenda
■ 21st Century Students
■ Digital Fluency
■ Project Based Learning
■ Examples by Division
■ Resources

6. “Training
Kids for
jobs that
haven’t
been
invented
yet”

9. Digital fluency

10. Concrete
Digital fluency
ConcretevsAbstractAbstract

11. Project Based Learning
■ https://www.youtube.com/watch?v=LMCZvGesRz8

12. Building Conceptual Understanding in
the Primary classroom
ELKP

14. Building Competency through
fundraising and event planning
Junior

15. TacoTruck
Junior

16. Intermediate

17. Million Dollar Project
Intermediate

18. Congratulations!You have been given $1,000,000. As a part of this inheritance, you have been
given guidelines to follow for how to spend it. Make sure the follow the guidelines to the letter
so you don't hurt Grandma Irene's feelings.
YOU MUST:
1. Put at least $75,000 aside for college education. Research the cost of the education
for ONE year at your favorite university and then calculate it against how many years it will take
you to achieve your degree. Add in 10% to cover inflation, books and other expenses related to
education.
2. Purchase a home that is NO MORE than $300,000. Research various homes in locations that
you would like to live. Find the home that you feel is PERFECT for you and print out one page with
the specs from the home.

19. 3.Take a family vacation. Use a travel agency to determine expenses for the total cost
including: hotel, airfare, meals, transportation, spending money, etc.
4. Purchase a vehicle. Using dealership sites, find a car or vehicle that is to your liking and
print out the one page with the specs for the car from the dealership.
5. Make one charitable donation. Remember that friends, family, and pets do not qualify as a
charity. Find a charity that means something to you and give them funds based on a project
they are working on.
You may NOT spend more than $1,000,000 but you want to spend as much of it as
possible. This project is developed to help you plan for your future and develop the math
skills that you have acquired and put them in a real-life situation by spending money within
a budget.

20. As part of this project you WILL NOT be required to pay taxes, closing costs or other fees.
Other rules for the Million Dollar Project:
1. All time used in class on the internet is to not be wasted. Make sure you are on
appropriate sites and using time wisely as you will be receiving a grade based on
participation and being on-task.
2.You may not purchase more than 2 of the same item.
3. Make sure to record all items that you purchase on the expense tracking sheet to total up
your expenses as you go along. YOU MAY NOT go over $1,000,000 from your budget and
you MAY NOT borrow money from a friend.
4. Each purchase that you make MUST have a check written out appropriately.Use the
model below to know how to write a check.You will not be able to write more than the 18
checks that you are given.

21. Cross Divisional: Math Night

22. Resources

23. Scoop it: Money Makes Sense
■ http://www.scoop.it/t/making-sense-of-money

24. Learning Money with Leo (RBC App,
primary)
■ http://www.rbcroyalbank.com/learning-money-with-
leo/index.html?ProspectID=E7D144BBBF4746508534D4876F78E0FF&BT_IP_Country=
Canada&BT_IP_Region=Manitoba&BT_IP_City=Winnipeg&BT_IP_Zip=R2C+0A1

25. Talk with your kids about money day (for
grade 7, presented by RBC)
■ http://talkwithourkidsaboutmoney.com/school-program/

26. The Mint (lesson plans, online games,
resources for parents)
■ http://www.themint.org/

27. EduGains (resources by grade)
■ http://www.edugains.ca/newsite/FinancialLit/elementaryresources/elementary.html

28. Inspire Financial Learning (OTF)
■ https://www.inspirefinanciallearning.ca/

29. A Sound Investment (Ministry Doc)
■ http://www.edu.gov.on.ca/eng/Financial_Literacy_Eng.pdf

30. Practical Money Skills Canada (lessons
and resources for educators)
■ https://practicalmoneyskills.ca/foreducators/

31. HighTech High (Video example of
Project Based Learning)
■ https://www.youtube.com/watch?v=cOVm7zBHJJY