Financial Literacy 30
The instructor for this course is MJ Sherven
First Offered in 2020
Developed by Marc Gobeil
Financial Literacy 30
In this course you will learn about finances and create your own personal financial plan that will set you up for success in the future. This course covers a range of topics from your first job all the way to important financial decisions like buying a house and even talk about what needs to be considered for a comfortable retirement. The course is designed to be very practical and all aspects of the course are designed to help you make the best financial decisions and help avoid common financial problems. After completing this course your will have a greater understanding of finances and how they apply to you and your future plans.
Section #1: Budgeting, 5-7 hours
In this section you will learn all about budgets and how they can help you achieve your financial goals. This section will help you in thinking about your potential sources of income as well as all the different costs you will have to be aware of to be successful with finances in your future.
Section #2: Financial Institutions, 5-8 hours
In this section you will learn about the many different financial institutions and how they operate. You will also learn about different opportunities available to you throughout your life. The background knowledge of these institutions will help you in your future financial plans.
Section #3: Credible Financial Advice, 3-5 hours
In this section you will learn about different opportunities for financial advice, you will learn about who and where you can get professional financial advice and how you might want to apply that to your future financial goals.
Section #4: : Taxes and First Nations, 2-3 hours
In this section you will learn all about taxes and relationship in regards to First Nations people in Canada. This section cover the history of taxes and the relationship with Canada's First Nations, you will uncover myths and gain a deeper understanding of treaties and responsibilities of the tax system in Canada for this unique relationship.
Section #5: Personal Income Tax, 5-10 hours
Personal income taxes are essential when becoming financially literate. As soon as you have a job you will be making contributions to taxes and it is important to know what you are entitled to as a result. This section will also help you understand the various benefits you may be entitled to.
Section #6: Lifestyle and Careers, 3-5 hours
In this section you will learn all about different careers and opportunities and how they may effect your future plans. This section explores different types of businesses and suggests options you may want to consider in your future career planning.
Section #7: Retirement Planning, 5-7 hours
in this section you will learn all about retirement, even though it's a long way off it is important to understand what systems are in place and what you may want to consider. Early planning will have an extreme effect when your retirement finally comes.
Section #8: Funding Post‐Secondary Education and Training, 5-7 hours
In this section you will learning all about scholarships and other opportunities to pay less in tuition for your post secondary training. This section will also help you calculate costs associated with training after high school to help you achieve your goals for financial stability.
Section #9: Handling Debt Problems, 3-5 hours
Sometimes problems with finances arise but it is how you deal with them that will determine your future success. Small challenges may have long lasting implications, so in this section you will learn about different option to handling debt. You will also know what to do if you ever encounter some of these common issues.
Section #10: Vehicles ‐ Leasing vs. Buying, 5-7 hours
In this section you will learn all about the differences between buying and leasing vehicles. There are pros and cons to each so its important to understand the differences so you can make the best financial decision for your future financial plans.
Section #11: Housing, 14-19 hours
in this section you will go in depth into housing, learning all about different types of housing opportunities aas well as mortgages and buying vs. renting. You will have an opportunity to calculate some options to find out what you might want to plan for in the future. You might have to make a plan with various steps in order to achieve your dream home.
Section #12: Insurance, 2-3 hours
insurance is incredibly important and you likely have never seen all the different options that are available to you. This section will talk about different types of insurance policies and why you might want to consider them, it where you can buy them.
FINAL PROJECT: Budget Spreadsheet
In this final section you will work on your own personal planning.