Financial Literacy in the Classroom

SAF, with the support of Genworth Canada, is partnering with high school teachers to offer students the opportunity to build confidence and competence in making financial decisions as they prepare for a healthy financial future. We offer supports and resources that can be used inside or outside the classroom to enhance students’ knowledge of important financial topics in the areas of banking, investments, credit, income management and budgeting, economics, accounting, home ownership, ethics and fraud awareness and post-secondary education financing.

Students and teachers looking for a challenge can use our resources to prepare for the Financial Literacy Competition (FLC), a comprehensive and challenging competition experience that takes place twice per year in May and December. See further details below.

Competition Date: May (May 14, 2019) and December (December 5, 2018)

Delivery: In class, online using the Mobius platform by Maplesoft

Eligibility: Open to ALL grade 9, 10 and 11 students (current or previous enrollment in a business course is highly recommended). NOTE: students cannot register directly for the competition. All registrations must be done with the support of a teacher.

Awards and recognition: Each participating school will receive a ranked listing of their individual student participants and an overall school ranking. Schools must have a minimum of 10 participants to be eligible for a school ranking. All participants will receive a Certificate of Achievement and the top scoring students will be recognized with awards and prizes (a minimum number of questions must be attempted to be eligible for awards and recognition). Students are eligible for awards and recognition on their first attempt of the FLC only.

Please review the complete description of contest rules, terms and conditions.

Interested in finding out more? Visit http://uwsaf.mapleserver.com/uwsaf/ to start exploring our resources.

Questions about Financial Literacy in the Classroom and the Financial Literacy Competition? Email saf-flc@uwaterloo.ca.

Background

In response to the 2010 Ministry of Education Working Group on Financial Literacy report that identified the importance of financial literacy education in supporting the success of all students, the School of Accounting and Finance (SAF) has established the Financial Literacy Competition to assist in educating and promoting financial responsibility.

This is an exciting opportunity for secondary school teachers to engage their students to test and challenge their knowledge in personal finance and wealth management, as well as generating interest in furthering their studies in the areas of accounting, finance, and business. The FLC:

provides an incentive for secondary school students to learn more about personal and business finance
assists secondary schools in delivering and integrating financial literacy education into the Ontario curriculum
fosters the interest of secondary school students in the disciplines of finance, accounting, and business
creates a talented pool of secondary school students who will be confident in their financial security and well-being in dealing with an increasingly complex world of finance

About the FLC

Financial Literacy in the Classroom and the Financial Literacy Competition (FLC) have been developed in collaboration with Business Studies teachers within the Waterloo Region and Waterloo Catholic District school boards. We offer resources for students and teachers looking to explore financial literacy topics within the classroom or on their own as well as resources for those looking to challenge themselves by participating in the FLC. The FLC is offered to Grade 9, 10 and 11 students enrolled in high schools across Canada (excluding Quebec).

Our open resources include:

Introductory quizzes covering most of the topic areas noted below. Our quizzes offer instant feedback with the “How did I do” function so that your students can check their progress or explore that particular topic a bit further.
2 self-guided budget activities designed to get students engaged in planning their financial futures.

For students/classes/clubs interested in challenging the FLC:

teachers can register to obtain access to our competition site.
additional resources to help students prepare for the competition are provided.
the FLC will be made available on this site on the day of the competition.

Content of contest

The competition contains 60 questions (primarily multiple choice, short answer and sort/match/rank) covering a wide variety of financial literacy topics in the following areas:

Income Management & Budgeting
Banking
Investing
Credit
Economics
Accounting
Home ownership
Post-secondary education financing
Financial ethics & safety

Whether you’re teaching an introductory business course or covering financial literacy topics in other courses, our resources are available to enhance and support learning both inside and outside the classroom. Don’t have a related course? Consider starting an FLC club to provide students with a challenging extra-curricular activity to develop and test their financial know-how.

Start exploring our open resources by visiting http://uwsaf.mapleserver.com/uwsaf/. Although we welcome and encourage student participation in our competition, our open resources are available to explore at any time with no obligation to register for our competition.

December 2018 Financial Literacy Competition Winners

Congratulations to the student winners!

We are excited to publicly announce the results of the December 2018 Financial Literacy Competition. We hosted 883 students from 29 different schools in Ontario and Saskatchewan. Students competed in one of two categories; junior (grades 9 & 10) and senior (grade 11).

Congratulations to our top performing student in each category; recipients of a $2,000 RESP prize for future post-secondary education.

Senior – Gabriel St-Aubin, John Fraser Secondary School (Teachers: Justin Medeiros, Yvonne Sousa & Shirley O’Donnell)
Junior – Simon Chase, Westdale Secondary School (Teachers: Trevor Nurmi & Josh Outlaw)

We’d also like to recognize our honour roll students in each category; recipients of a $75 gift card.

Senior Honour Roll
Carlo Fletcher	Westdale Secondary School	Teachers: Trevor Nurmi & Josh Outlaw
Joshua Treptau	Mentor College	Teacher: Joseph Lee
Derek Kusmenko	Garth Webb Secondary School	Teacher: Leticia Bottema
Thomas Xu	John Fraser Secondary School	Teachers: Justin Medeiros, Yvonne Sousa & Shirley O’Donnell
Rebekah Tong	Stephen Lewis Secondary School	Teacher: Audrey Hogarth
Yutao Zeng	Garth Webb Secondary School	Teacher: Leticia Bottema
Humdaan Javed	John Fraser Secondary School	Teachers: Justin Medeiros, Yvonne Sousa & Shirley O’Donnell
Redon Fazliu	Westdale Secondary School	Teachers: Trevor Nurmi & Josh Outlaw
Adam Guider	Swift Current Comprehensive High School	Teacher: Cindy Lowe

Junior Honour Roll
Leo Ping	Mentor College	Teacher: Joseph Lee
Daniel Lupas	John Fraser Secondary School	Teachers: Justin Medeiros, Yvonne Sousa & Shirley O’Donnell
Ali Syed	Sir John A. Macdonald Secondary School	Teachers: Maria Pegg & Anna Kucharczyk
Abigail Spanglet	Sir John A. Macdonald Secondary School	Teachers: Maria Pegg & Anna Kucharczyk
Jason Lu	Milliken Mills High School	Teacher: Sandeep Virk
Aung Khant Min	AY Jackson Secondary School	Teacher: Anoja Thangaraja
Adhitya Raghavan
Matteo Giorgio	Sir John A. Macdonald Secondary School	Teachers: Maria Pegg & Anna Kucharczyk
Ishaan Bansal	Sir John A. Macdonald Secondary School	Teachers: Maria Pegg & Anna Kucharczyk

The top performing schools were:

1^st place – John Fraser Secondary School (Teachers: Justin Medeiros, Yvonne Sousa & Shirley O’Donnell); recipient of $500
2^nd place – St. Brother Andre CHS (Teacher: Joan Osawe)
3^rd place – Stephen Lewis Secondary School (Teacher: Audrey Hogarth)

Congratulations to all of our participants!

Click here to see results from all previous years