Your Students Will Benefit
For the full teacher's overview, sign in and view the downloadable pages in the
General Overview section under the In-class Materials tab.
For Learning Outcomes, sign in and go to the Learning Outcome section under the In-class Materials tab.
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To start with, most young people already do some financial management. You have
to — you have some money, and you want to spend it on stuff or save it for
But how do you know the best way to manage your money? With all the choices, scams
and rip-offs, it's hard to make the right decisions. In fact, most people learn
about personal finance by making mistakes — BIG, EXPENSIVE mistakes.
So "personal finance" is not about being a math genius or figuring out
the theory of relativity. Personal finance is about deciding what you want to do
and planning how you're going to do it. Whatever your plans — work, travel,
trades training, university, college — making smart decisions about money
starting now can help you get there. The City is a fun way to learn financial life
skills, in your own way at your own pace.
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if you already have an account.
This resource helps prepare young people for life after high school when they become
more financially independent.
The Financial Consumer Agency of Canada
(FCAC), in partnership with the British
Columbia Securities Commission (BCSC), has developed this resource.
Topics include budgeting, savings, credit and debt, insurance, identity theft and
investing. It also teaches young people how to write a financial plan. When they
use this resource, they learn skills that will help them manage their money wisely
throughout their lives.
Some of the activities ask your child to discuss financial topics with a parent
or other adult. Talking about their own and their family finances helps them learn
the financial skills they'll need in real life and helps them make more realistic
plans for their future. Please support your child's learning by discussing as much
of your family finances as you feel comfortable with.
To see an example of the online modules your child will be learning from, select
the module below. In-class mondules cover similar topics through activities led
by a teacher.
Module 2 - Lifestyle Reality Check
If you'd like information for youself on financial topics such as budgeting,
savings or investing, visit the FCAC
website or the investor education resources listed by the Canadian Securities Administrators.
What are financial life skills?
They're the skills that everyone needs to manage money with knowledge and confidence
My child's only in high school. How will he or she be able to use these financial
First, young people are using some financial life skills right now. They make decisions
about saving and spending the money they do have. Second, these and other financial
life skills will become even more important as your child gains independence and
starts working part- or full-time, taking post-secondary education, traveling or
living on his or her own.
Why is it important for my child to learn about finances?
Young people need to be able to manage their money in order to achieve their life
goals, and to avoid expensive mistakes. By learning financial life skills early,
they'll be better prepared to handle the financial realities of adulthood.
What's a financial plan?
It's a written plan in which you identify your goals and figure out how you'll manage
your money to achieve them. A financial plan is more than a budget, which looks
only at current income and expenses. A good plan will project a budget for the planning
period, identify and manage your assets and debts, and outline strategies for using
all of your resources to solve any anticipated problems and achieve your goals.
A financial plan should be reviewed and updated regularly.
How can I help my child learn?
Most lessons include a "Home Connections" activity. It asks your child
to talk with you about his or her activities and learning. For example, your child
may ask you what kind of banking services you use or what the family expenses are.
When you do the "Home Connections" activities with your child, you reinforce
what your child is learning in class and ensure that his or her plans and expectations
are realistic. You can also encourage your child to find out more about different
Do I have to share personal financial information with my child? If so, will
my child be sharing it with the class?
No and no. Just discuss as much as you feel comfortable sharing with your child.
Your child may write summaries of the discussions you have together, but these summaries
won't be graded at school. Your personal finances won't be discussed in class. Your
discussions with your child are to help your child make realistic plans for his
or her own future.
If my child enters personal financial information on this website as part of
the course work, will it stay private?
Yes. No one can look at your child's online worksheets other than your child and
their teacher. To find out more about privacy and security safeguards, click on
What if my child asks me a financial question I can't answer?
Not to worry - it happens to teachers all the time! These may help:
Click on the Glossary for simple definitions of financial
To answer questions on finances, visit the
FCAC website or the investor education resources listed by the Canadian Securities Administrators .