www.getsmarteraboutmoney.ca

© Investor Education Fund, 2011

Financial Education ResourcesOTF Financial Literacy Workshops -- Secondary

Christine Allum

© Investor Education Fund, 2011

Who we are?• Non-profit organization created by the Ontario Securities

Commission (OSC)• Funded through OSC settlement monies• Educational arm of the OSC• Mandate to promote financial literacy

Investor Education Fund (IEF)

© Investor Education Fund, 2011

IEF

What we do?• Help consumers make better informed decisions via

www.GetSmarterAboutMoney.ca• Support (fund) community-based, non-profit organizations

financial literacy initiatives• Provide teachers with resources and training

© Investor Education Fund, 2011

IEF Research

2011 survey of 1,000 people answered questions related to investing borrowing and financial planning -- average score was 11.5 correct out of 23 questions (50%)

• People need to learn how to apply what they know to real life decisions. For instance, we found that in the context of choosing a mortgage, people were not able to apply their knowledge that borrowing for a longer time means you will pay more interest overall.

• People need to learn how to apply what they know to real life decisions• People need to build their knowledge of investment risks and returns. • People need to improve their knowledge of financial planning and setting

goals. • Those under age 35 need to learn about the tax rules for RRSPs. • There are still people who are vulnerable to investment fraud.

© Investor Education Fund, 2011

IEF Research

2009 survey of 400 Ontario students• 48% don’t believe that school is doing a good job in providing

them with information to manage money• 57% don’t know how to create a budget• 62% don’t believe they make good spending decisions• Top two sources students relied on for financial information

– 50% web – 40% school

© Investor Education Fund, 2011

How we help

Education program• Teacher training• Curriculum-based resources and tools– Taking Stock in Your Future Guides– Activity kits and lesson plans– Online tools and resources– Student assembly and competitions

• www.GetSmarterAboutMoney.ca

© Investor Education Fund, 2011

GetSmarterAboutMoney.ca, Education Programs, For Teachers

Resources by GradesCurriculum tools

Curriculum correlations http://www.getsmarteraboutmoney.ca/education-programs/for-teachers/curriculum-tools/Taking-stock-in-your-future/Pages/curriculum-correlations.aspx

© Investor Education Fund, 2011

Funny Money for High Schools

• Funny Money High Schools Assembly – Available in French and English– Grade 11 and 12 students

• Funny Money Tool Kit• Funny Money Animated Videoshttp://www.getsmarterwithfunnymoney.ca/

© Investor Education Fund, 2011

Globeclassroom.ca

Lesson plans based on current affairs

© Investor Education Fund, 2011

Toronto Star teaching kits

Free classroom set of newspapers for two weeksFree teaching kit

• 2010-11 Financial Intelligence Series • 2009-10 All About Money• 2008-09 Smart Money Management• 2007-08 Smart Consumer Management

© Investor Education Fund, 2011

Money Apps – NEW program

• 2 hour presentation for graduating students• piloted to 400 students• 79% said the presentation increased their financial knowledge• 77% would recommend the program

Program materials will be available to schools who are interested in providing their students with this information

• powerpoint presentation plus student handout

© Investor Education Fund, 2011

Competitions and Awards – cash prizes

Educator Award• Leader in financial literacy

Student competitions• Lesson/assignment includes self-reflection

– Saving and Investing Challenge (gr 9-10)– Financial Reality Check Award (gr 11-12)– Financial Securities Portfolio Competition (gr 11-12)

© Investor Education Fund, 2011

www.GetSmarterAboutMoney.ca

Blog – School of Savings• post-secondary students money stories during the school year

and while working this summer

Life Events• Life After High School• Getting an Education

© Investor Education Fund, 2011

Financial literacy across the curriculum

Subject Expectation IEF resource/program

Civics Analyse contemporary crises or issues of international significance (financial impact of current events)

Globeclassroom.ca- economy, careers, environment, money

Canadian History

Identify the contributions of selected Canadian entrepreneurs and Canadian owned-firms to the development of the Canadian economy (research, analysis, problem-solving, decision making skills)

Taking Stock Intermediate – Activity 8 Canadian Entrepreneurs Internet Investigation

Math Exponential functions, quadratic equations, polynomial functions (compound interest, future and present value)

Taking Stock Senior Guide - Module 2 activities

© Investor Education Fund, 2011

Financial literacy across the curriculum

Subject Expectation (Financial literacy correlation)

Resource

Guidance and Career Studies

Prepare for transitions and change (research and project of a post-secondary program)

Financial Reality Check Award

Information and Communication & Technology

Productivity software (use excel to create budget; develop a powerpoint presentation to illustrate financial terminology)

Developing Financial Skills - Setting priorities, Distinguishing between wants and needs

Family Studies Becoming a responsible consumer; managing resources(manage debt and credit)

Get it on Credit video

© Investor Education Fund, 2011

How to start/introduce financial literacy

Are you Doing it Regularly (IEF video)http://www.getsmarteraboutmoney.ca/managing-your-money/planning/investing-basics/Pages/video-are-you-doing-it-regularly.aspx?group=Get smarter about money&page=1

How money savvy are you? (Fin. Skills Guide)http://www.getsmarteraboutmoney.ca/education-programs/for-teachers/curriculum-tools/financial-skills-guide/Documents/financial-skills-guide-self-assessment.pdf

© Investor Education Fund, 2011

Financial management activities

Worksheet: Fin. Skills Guide -- Goal settinghttp://www.getsmarteraboutmoney.ca/education-programs/Documents/goal-setting-worksheet.pdfInteractive: Time is money (growing savings - compound interest and simple

interest)http://www.getsmarteraboutmoney.ca/education-programs/for-teachers/multimedia-resources/Documents/timeIsMoney/timeIsMoneyMovie.swfVideo: Get it on credit (real cost when buying on credit)http://www.getsmarteraboutmoney.ca/managing-your-money/planning/managing-debt/Pages/video-get-it-on-credit.aspx?group=Funny%20Money&page=1

© Investor Education Fund, 2011

Project based assignment

Investment portfolioInvestor – financial profile and goals (grades 9/10)

Financial termsBudgeting and saving conceptsWealth building

© Investor Education Fund, 2011

Project based assignment

Investment portfolio (grade 11/12)Stock market, investing Financial statements Economic climate and trendsRatios: Stock and company values

© Investor Education Fund, 2011

Find us

You at youtube.com/InvestorEDFund

at twitter.com/smarter_money

GetSmarterAboutMoney.ca

© Investor Education Fund, 2011

Contact us

Subscribe to IEF teacher e-newsletterhttp://www.getsmarteraboutmoney.ca/education_programs/for_teachers/professional_development/e_newsletter/TeacherNewsletter.aspx

Email: callum@investored.caTel: 416-593-2369