The choices we make about money don’t happen by chance. They are influenced by our experiences, the culture we grow up in, and the promises made in treaties between Indigenous Peoples and settlers. Each of these influences teaches us something about how to manage money and resources.
Everyone has a “money story.” This is how you’ve learned to think about and use money. Your story starts when you are young and comes from what you see and hear at home, in your community, and in the world around you.
For example, if your family always saved money for emergencies, you might have learned to save, too. If money was a source of stress, you might feel worried about managing it now. The ads, social media, and friends you see every day also affect your choices.
When you understand your money story, you can see where your habits come from and make better decisions about saving, spending, and sharing.
Media, friends, and community also contribute to this story. Social influences, like seeing peers adopt specific financial habits, can impact how you manage resources. Reflecting on your "money story" provides an opportunity to identify patterns that influence daily decisions and long-term financial goals.
Our culture, or where we come from, also shapes how we think about money. In many Western cultures, people believe in working hard to save money, own things like houses, and plan for the future. Success is often measured by how much money you have.
In many Indigenous cultures, the focus is on sharing, helping the community, and taking care of the environment. Decisions about money and resources are often made together, so everyone’s needs are met. For example, potlatch ceremonies show generosity by sharing wealth to strengthen the community.
Both ways of thinking about money teach us important lessons. Planning for the future can help you reach goals, while sharing and working together can create strong, supportive communities.
In Canada, treaties are agreements between Indigenous Peoples and settlers. These treaties were created to share the land and its resources fairly. Indigenous Peoples believed in taking care of the land and sharing it with settlers, while settlers often wanted to own the land and use it for profit.
Many treaties included promises like payments, education, and land sharing. Unfortunately, these promises were not always kept. Today, treaties still affect how resources like land and money are shared. Learning about treaties helps us see why fairness and respect are important in decision-making.
When you make a decision about money, you don’t just use one idea. Your personal story, your culture, and treaty principles all come together to guide your choices.
Your personal money habits, like saving or spending, are shaped by your family and experiences. But your culture also plays a big role. Some cultures encourage saving for yourself, while others focus on sharing with others.
For example, someone who values independence might save to buy a car. If they also come from a culture that values helping family, they might share some of their savings to help a sibling. Balancing these ideas means thinking about what’s most important to you and finding a way to honour both.
Treaties teach us about fairness, sharing, and taking care of the land and resources. These ideas can help you make thoughtful financial decisions. For example:
Sharing resources: You might support local businesses or donate to a cause that helps your community.
Sustainability: You can choose to spend money on things that don’t harm the environment, like reusable water bottles or eco-friendly products.
These choices reflect the idea that resources are not just for you—they should benefit everyone and last for the future.
Helping Your Community: An Indigenous-owned business might balance earning money with giving back, like donating some profits to community programs.
Family Support: A family might save money together, splitting it between personal goals and helping a relative in need.
Sustainable Choices: Someone might invest in products or companies that protect the environment, helping both their finances and the planet.
By combining these influences, you can make decisions that are fair, thoughtful, and good for everyone.
Now that we’ve explored how personal, cultural, and treaty influences shape decisions, it’s time to put everything together. One way to do this is by organizing your thoughts and seeing how these ideas connect. This can help you understand how your decisions reflect your values and the needs of others.
Answering reflective questions is a great way to connect your ideas. These questions help you think about how your experiences, culture, and treaty knowledge work together when making financial choices. Here are some examples:
How does your money story affect the way you spend or save money?
What cultural values guide how you use money or share resources?
How can treaty principles like fairness and sharing influence your decisions?
What would a decision look like if it reflected all three: your experiences, your culture, and treaty principles?
By thinking carefully about these questions, you can start to see patterns and create a balanced approach to your financial decisions.
A mind map is a tool that helps you visually connect ideas. It’s like a drawing where you put a main idea in the center and add related ideas around it. For this activity, the main idea is “Financial Decision-Making,” and the connected ideas are personal experiences, cultural values, and treaty influences.
Steps to Create Your Mind Map:
Write “Financial Decision-Making” in the middle of your page or digital tool.
Add three main branches: “Personal Experiences,” “Cultural Values,” and “Treaty Principles.”
Under each branch, add smaller ideas. For example:
Under “Personal Experiences,” you might write “saving for the future” or “money habits I learned from my family.”
Under “Cultural Values,” you might write “sharing with others” or “community support.”
Under “Treaty Principles,” you could write “fairness” or “sustainability.”
Use lines or colors to show how the branches connect. For example, you might connect “sharing with others” to “fairness.”
Specific examples from your own life.
Lessons you’ve learned from your culture.
Ideas about how treaty principles apply to financial decisions.
The mind map helps you see how these ideas overlap and influence one another. When you look at the final product, you’ll have a clear picture of how different influences shape your financial decisions.
Now that you’ve explored your personal experiences, cultural values, and treaty principles, it’s time to use what you’ve learned. This section will show how to apply these ideas to everyday financial decisions. When you combine these perspectives, you can make choices that are fair, thoughtful, and good for yourself, your community, and the future.
Here are some ways to apply what you’ve learned:
1. Personal Reflection in Decisions
- Think about your own money habits. Are they helping you meet your goals? For example, if you want to save for something important, you might decide to spend less on things you don’t need.
- Ask yourself how your choices reflect what you care about, like independence, security, or helping others.
2. Using Cultural Values
- If your culture values community, think about how you can include others in your financial plans. For example, you could contribute to a family savings plan or share your resources with someone in need.
- Consider how your culture teaches you to manage money. Does it encourage saving, sharing, or both?
3. Honoring Treaty Principles
- Treaties teach us to think about fairness and sharing resources. You can honor these principles by supporting businesses or organizations that help others, like buying from local or Indigenous-owned businesses.
- Sustainability is another important treaty principle. For example, you can choose to spend money on items that are reusable or eco-friendly to help protect the environment for future generations.
Here are a few examples of how you can combine personal, cultural, and treaty influences in your decisions:
1. Saving and Sharing: Save part of your income for a personal goal, like buying a bike, and use some to help someone else, like donating to a local food bank.
2. Supporting Community Projects: Choose to spend your money on something that helps your community, like joining a cooperative or supporting a fundraiser.
3. Making Eco-Friendly Choices: Buy products that last a long time or that help the environment, such as a reusable water bottle or solar-powered gadgets.
When you apply what you’ve learned, your financial decisions become more thoughtful and balanced. You’re not just thinking about what’s good for you right now—you’re thinking about how your choices affect your family, community, and even the future.
By blending personal, cultural, and treaty influences, you’re creating a way of managing money that is fair, respectful, and connected to the values that matter most to you.
Now it’s your turn to demonstrate how personal, cultural, and treaty influences come together in your financial decisions. This assessment will help you think deeply about what you’ve learned and apply it in a meaningful way.
1. Create Your Mind Map
- Use the instructions in Section 3 to build your digital mind map. Make sure to include:
- Examples from your personal money story.
- Cultural values or traditions that guide how you use money.
- Treaty principles, like fairness, sharing, or sustainability, that influence financial decisions.
- Show how these ideas connect by using lines, colors, or symbols.
2. Submit a Screenshot or Export
Once your mind map is complete, take a screenshot or export it as a file. This will be your main submission for this assessment.
3. Write a Brief Paragraph
In addition to your mind map, write a short paragraph (3-5 sentences) explaining what it shows. Answer these questions:
- How do your personal, cultural, and treaty influences come together in your financial decisions?
- Why is it important to think about these influences when making decisions about money?
This paragraph will help you explain your thought process and show how you’ve connected the ideas from this lesson.
Take a moment to think about what you’ve learned. Answer this question in one or two sentences:
- How will you use what you’ve learned in this handout to make better financial decisions in the future?
Your work will be assessed on:
- Creativity: How well your mind map shows the connections between personal, cultural, and treaty influences.
- Clarity: How clearly you explain your ideas in your paragraph and reflection.
- Effort: How much thought and care you put into connecting what you’ve learned to your own experiences.
These terms will help you understand and explain the ideas in this handout.
1. Money Story
- The way your personal experiences shape how you think about and use money.
- Example: If you grew up saving money in a piggy bank, your money story might include a habit of saving.
2. Cultural Values
- The beliefs and traditions from your culture that guide how you use and share resources.
- Example: Some cultures value helping family members financially, while others focus on saving for personal goals.
3. Reciprocity
- A system of giving and receiving where everyone benefits.
- Example: In Indigenous traditions, helping someone today might mean they help you in the future.
4. Sustainability
- Making choices that protect resources for future generations.
- Example: Buying eco-friendly products or reducing waste.
5. Treaty Principles
- Ideas from treaties, such as fairness, sharing, and caring for the environment, that guide how resources are used.
- Example: Treaties teach us to share land and resources, not just for today but for the future.
6. Fairness
- Treating others equally and making decisions that benefit everyone.
- Example: Choosing to share profits from resources with the community.
Understanding these terms will help you think about your financial decisions in a deeper way and connect them to the ideas of fairness, sharing, and sustainability.
Answer these questions to check how well you understand the ideas in this handout.
1. What is a money story?
a) A fictional story about money.
b) A list of ways to save money.
c) How your experiences shape the way you think about and use money.
d) A rulebook for financial decisions.
*(Correct Answer: c)*
2.What is an example of cultural values influencing financial decisions?
a) Buying the most expensive car.
b) Sharing money with a family member in need.
c) Keeping all your savings for yourself.
d) Spending all your money on entertainment.
*(Correct Answer: b)*
3. What does reciprocity mean?
a) Competing for resources.
b) Giving and receiving in a way that benefits everyone.
c) Saving all your money for yourself.
d) Spending money only on luxuries.
(Correct Answer: b)
4. Which of these is a treaty principle?
a) Spending without saving.
b) Sharing resources fairly and protecting them for the future.
c) Owning as much land as possible.
d) Using resources without thinking about the environment.
*(Correct Answer: b)*
5. Why is it important to think about sustainability in financial decisions?
a) To make sure you spend all your money now.
b) To save money for a vacation.
c) To protect resources so future generations can use them.
d) To buy as many things as possible.
*(Correct Answer: c)*
Challenge Question
6. How do personal experiences, cultural values, and treaty principles connect in financial decisions?
a) They don’t connect at all.
b) They work together to guide thoughtful, fair, and sustainable choices.
c) They are only used when saving money.
d) They only affect people living in specific communities.
*(Correct Answer: b)*
These questions help you think about the key ideas from the handout and how they relate to real-life financial decisions.
Here are the sources and materials used to create this handout:
Lesson 1a: Personal Financial Experiences
Provided foundational concepts on how personal experiences shape financial habits and decisions.
Lesson 1b: Cultural Beliefs and Financial Values
Explored the influence of cultural perspectives, comparing Western and Indigenous financial values.
Lesson 1c: Understanding Treaty Relationships
Discussed the importance of treaties in shaping financial relationships and principles like fairness and sustainability.
Office of the Treaty Commissioner (n.d.)
Treaty Education Resources. Retrieved from https://www.otc.ca
Government of Canada (2023)
Indigenous Peoples and Treaties in Canada. Retrieved from https://www.rcaanc-cirnac.gc.ca
Saskatchewan Ministry of Education (2024)
Financial Literacy 10 Curriculum (Preliminary). Retrieved from https://curriculum.gov.sk.ca
OpenAI ChatGPT (2025)
Content creator for lesson handouts. This handout was developed to synthesize ideas from Lessons 1a, 1b, and 1c and tailor them to Grade 10 financial literacy topics.
Let me know if there’s anything else you’d like me to adjust or if this completes the handout!