Financial Literacy 10

Lesson 1: Understanding Financial Influences 

• 1. Outcome: FL10.1, TR101

  2. I can: "I can explain how my personal experiences, cultural background, and Treaty relationships influence my financial decisions."

  3. Content: Students explore how value systems, cultural beliefs, and personal experiences impact financial choices, including examining contemporary economic implications of Treaties.

• Lesson 2: Financial Security and Well-Being 

  1. Outcome: FL10.2

  2. I can: "I can explain how financial decisions affect my well-being and mental health."

  3. Content: Examines the relationship between financial security and mental health, focusing on risks like debt and gambling.

3. Lesson 3: Financial Pressures and Mental Health 

   • Outcome: FL10.2

   • I can: "I can identify financial risks and their impact on mental well-being."

   • Content: Looks at financial and mental health risks related to debt, loans, and credit.

Unit 2: Financial Products and Earning Income

5. Lesson 4: Exploring Financial Institutions 

   • Outcome: FL10.3, TR101

   • I can: "I can compare different types of financial institutions, including Indigenous financial institutions."

• Content: Students research various financial institutions, including those responsive to First Nations, such as Indigenous financial institutions.

6. Lesson 6: Understanding Financial Products 

   • Outcome: FL10.3

   • I can: "I can explain the different products offered by financial institutions, such as accounts and credit cards."

• Content: A look into financial products like chequing accounts, savings accounts, and debit cards.

7. Lesson 7: How People Earn Income 

   • Outcome: FL10.4, TR101

   • I can: "I can explain different ways of earning an income, including the role of Treaties in First Nations' economic activities."

• Content: Students explore wages, salaries, commissions, and entrepreneurial paths, including First Nations' income related to Treaties.

8. Lesson 8: Taxation and Income 

   • Outcome: FL10.4

   • I can: "I can describe the impact of taxes on income and understand how to file a tax return."

   • Content: Introduction to income tax, deductions, and the basics of filing taxes.

Unit 3: Budgeting and Saving

9. Lesson 9: The Importance of Budgeting 

   • Outcome: FL10.5

   • I can: "I can create a personal budget and explain its importance for financial planning."

• Content: Discusses the components of personal budgeting, focusing on needs, wants, and financial goals.

10. Lesson 10: Budgeting for Life Stages 

    • Outcome: FL10.5

    • I can: "I can adjust my budget based on different life goals and stages."

• Content: Students create budgets for various life scenarios like purchasing a car or moving for school.

11. Lesson 11: The Principles of Saving 

    • Outcome: FL10.6

    • I can: "I can explain why saving money is important and develop a savings strategy."

• Content: Students explore savings strategies, including emergency funds and short- vs. long-term savings.

12. Lesson 12: Savings Philosophies 

    • Outcome: FL10.6, TR101

    • I can: "I can discuss different savings philosophies, including the impact of Indigenous cultural beliefs about saving and sharing."

    • Content: Covers savings philosophies like “pay yourself first” and Indigenous cultural perspectives on saving.

Unit 4: Investing and Credit

13. Lesson 13: Introduction to Investing 

    • Outcome: FL10.7

    • I can: "I can explain the purpose of investing and identify common types of investments."

• Content: Students learn about different types of investments such as GICs, stocks, bonds, and mutual funds.

14. Lesson 14: Risk and Reward in Investing 

    • Outcome: FL10.7, TPP104

    • I can: "I can analyze the risks and rewards of investments, including the role of First Nations in resource development."

• Content: Discussion on risk tolerance, diversification, and First Nations' participation in resource development projects governed by Treaties.

15. Lesson 15: Understanding Credit and Loans 

    • Outcome: FL10.8

    • I can: "I can explain different credit options available and the importance of responsible borrowing."

• Content: An introduction to credit cards, loans, interest rates, and responsible borrowing habits.

16. Lesson 16: Building and Maintaining Credit 

    • Outcome: FL10.8

    • I can: "I can explain how to build and maintain a good credit score."

    • Content: Examines ways to access credit for the first time and build a strong credit score.

Unit 5: Protecting Personal and Financial Information

17. Lesson 17: Safeguarding Personal Information 

    • Outcome: FL10.9

    • I can: "I can describe methods for protecting personal information online and offline."

• Content: Focuses on how to protect sensitive information such as social insurance numbers and credit card details.

18. Lesson 18: Recognizing and Preventing Fraud 

    • Outcome: FL10.9

    • I can: "I can identify common types of fraud and explain how to prevent them."

    • Content: Discussion on different types of fraud, including identity theft and online scams, and how to address them.

Unit 6: Future Planning

19. Lesson 19: Defining Lifestyle and Goals 

    • Outcome: FL10.10

    • I can: "I can define what lifestyle I want and set realistic goals to achieve it."

• Content: Students analyze lifestyle expectations and create financial plans to meet those expectations.

20. Lesson 20: Career Pathways and Income 

    • Outcome: FL10.10, TR101

    • I can: "I can research different career options and their earning potential, including opportunities linked to Treaties."

• Content: Exploration of various career paths and income expectations, including opportunities arising from Treaty agreements.

21. Lesson 21: Long-Term Planning 

    • Outcome: FL10.10

    • I can: "I can create a long-term financial plan that includes retirement, family, and health goals."

    • Content: Students develop plans for their future, including retirement, insurance, and family goals.

Unit 7: Practical Application

22. Lesson 22: Creating a Personal Budget 

    • Outcome: FL10.5

    • I can: "I can create and justify a detailed personal budget for a major life event."

• Content: Students apply their learning by creating a detailed personal budget for a hypothetical situation.

23. Lesson 23: Making Informed Financial Decisions 

    • Outcome: FL10.1, FL10.3, TR101

    • I can: "I can make informed financial decisions based on research and Treaty-related financial opportunities."

• Content: A practical application where students research financial institutions and opportunities unique to First Nations communities.

24. Lesson 24: Managing Financial Risks 

    • Outcome: FL10.9

    • I can: "I can explain strategies to manage financial risks and protect my assets."

• Content: Focus on managing risks related to credit, investments, and protecting personal information.

25. Lesson 25: Creating a Future Financial Plan 

    • Outcome: FL10.10

    • I can: "I can design a comprehensive plan for my financial future, including education, career, and personal goals."

• Content: The culminating project where students create a detailed financial plan for their future aspirations.