Financial Literacy 20
The instructor for this course is MJ Sherven
Course History
First Offered in 2020
Developed by Reg Nakoneshny
Financial Literacy 20
Students make financial decisions every day. Every purchase they make and every dollar they save, are examples of financial decisions that affect their current, and future lives. Instilling students with foundational knowledge, and skills in financial literacy will help them approach basic and complex issues associated with financial decisions.
The purpose of Financial Literacy is to develop informed consumers with the habits, attitudes, and critical thinking skills necessary, to approach financial decisions with competence and confidence, both now and in their future lives.
The Areas of Focus for Financial Literacy are:
- Earning
- Saving
- Spending
- Borrowing
- Sharing
- Investing
- Protecting
The curriculum and this course address financial issues and decisions, that students may already be facing. It also highlights other issues they are likely to face in the first few years beyond high school. In addition, it touches upon more complex issues such as home ownership, debt management, and retirement planning, which are part of a lifelong financial journey.
Course weighting (based on time allotment, assuming all modules are executed)
Financial Literacy 20 – Course Outline & Day Count
Use this chart as a guideline for pacing yourself to complete the course in 150 days. Adjust day count if you wish to complete the course before 150 days.
Level, Days and | Lessons to be Completed | Assignments/Journals |
Level A FIN L3 FIN L6A | Money and you | – What’s My Understanding of Finances? - What's the plan? - Budgeting 101 - How to get it done - When you grow up... 3 Journal Entries |
Level B FIN L9 FIN L14 21 days | Exploring financial institutions Transactions Cheques Taxes Earning an income | - The business of banking - Ways to earn an income worksheet. 3 Journal Entries |
Level C FIN L10 FL L17A FIN L20
18 days | Payment from work Pay stubs & deductions Transactions (goods & services) Lifestyle and career Interest (money tips & tricks) | - Pay Slip Dissection. - Calculate the Tax - Investing Tips and Growth 4 Journal Entries |
MIDTERM EXAM | Study for Midterm Exam using the Study Guide in the course | MIDTERM EXAM |
Level D FIN L22A FIN L22B FIN L22C FIN L22D 21 days | Types of credit Credit reports & scores Obtaining & maintaining credit Handling debt problems | - Credit Crisis - Credit Scores - Guided notes - Approve or Deny? - Credit Crossroads 4 Journal Entries |
Level E FIN L28A FIN L30A FIN L31A 21 days | Vehicles – leasing vs buying Insurance principles Charitable giving | - The real cost of ownership - A match made in heaven. 3 Journal Entries |
Level F FIN L29A FIN L29B | Saving principles Saving & interest | - It's Saving Time! – Saving & Investing 2 Journal Entries |
Level G FIN L34 FIN L36 15 days | Fraud, phishing & scams Career opportunities in the financial industry | - Knowledge Is Power - The hunt is on! 1 Journal Entry |
Final Exam Study Notes 105 minutes | Review and study using the Study Guide in the course | Final Exam – 2 hours |
