November 1st, 2022
November is Financial Literacy Month and the theme for 2022 is Make Change that Counts: Managing Your Money in a Changing World. This campaign highlights the ever changing financial marketplace, which can be complex to understand and challenging to navigate.
WRDSB students learn financial literacy in Grades 1 to 12 through subjects like:
- Social studies
- Business studies
This empowers them to make informed decisions and gain valuable insight into the local and global economy. Introducing financial literacy enables students to understand their own personal finances and eventually, manage their own financial well-being.
Students Learn Four Components of Financial Literacy
- Personal Finance
- Consumer Awareness
- Economic Understanding
What Specific Skills Do Students Learn?
- Understanding money
- Consumer awareness
- Personal finances: budgeting and money management.
Financial literacy, included in the Ontario curriculum, fosters the development of:
- Critical thinking
- Problem solving
This is beneficial, both inside and outside of the classroom.
Parents and caregivers have an important role to play too: Consider discussing financial matters with your child by using real world examples, like the cost of food, or budgeting for a family holiday. These early conversations are beneficial, as your child’s decisions surrounding money, credit and debt only grow more complex as they age.