SAF, with the generous support of SagenTM, 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.
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Students and teachers looking for a challenge can use our resources to prepare for the Financial Literacy Competition, a comprehensive and challenging competition experience that takes place twice per school year in December and May.
Competition Dates: December 8 & 9, 2021 and May 11 & 12, 2022
Delivery: In class, online using the Mobius platform by DigitalEd. Students are required to compete from school under the supervision of their teacher; however, if due to pandemic restrictions, your students are unable to compete from school, please contact us. On a case by case basis, we will determine if competing remotely can be permitted.
Eligibility: Open to ALL grade 9, 10, 11 and 12 students (current or previous enrolment in a business course is recommended but not required). Grade 9 and 10 students are eligible for the Junior Financial Literacy Competition and Grade 11 and 12 students are elgible for the Senior Financial Literacy Competition. NOTE: Students cannot register directly for the competition. All registrations must be done with the support of a teacher.
Awards and recognition: All eligible participants will receive a levelled Certificate of Achievement and the top scoring students and schools will be awarded prizes. Students must attempt and respond to all of the questions and schools must have a minimum of 10 eligible participants to be considered for awards and recognition. Each participating teacher will receive a list of their individual students' level of achievement (if eligible) and awards (where applicable). Individual student and school scores will NOT be provided. Rankings will only be provided for honour roll recognition. Students may participate more than once; however, students are eligible for prizes and recognition on their first attempt only (once as an eligible participant of the Junior Financial Literacy Competition and once as an eligible participant of the Senior Financial Literacy Competition).
Please review the eligibility requirements, awards and recognition structure, and competition details in the complete description of contest rules, terms and conditions.
Questions about Financial Literacy in the Classroom and the Financial Literacy Competition? Email saf-flc@uwaterloo.ca.
Visit https://uwsaf.mobius.cloud to start exploring our resources and to register for the competition.
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 Financial Literacy in the Classroom and the Financial Literacy Competition (collectively referred to as "FLC") 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 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, 11 and 12 students enrolled in high schools across Canada (excluding Quebec).
Our open resources include:
- EXPLORE - a resource site to explore financial literacy topics. Here you'll find 2 self-guided budget activities designed to get students engaged in planning their financial futures and mini-lessons on the Bank of Canada, Home Ownership and Credit Cards. We are working to develop additional mini-lessons on a variety of financial literacy topics, so check back often.
- PRACTICE - a site with lots of practice opportunities to learn more and test a student's knowlege on a variety of financial literacy topics. Here you'll find 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.
- EDUCATORS - we're working on expanding resources for teachers. If you have suggestions or ideas for resources that would be helpful to you in the classroom, please let us know.
For students/classes/clubs interested in challenging the Financial Literacy Competition:
- teachers can register to obtain access to our competition site.
- additional resources to help students prepare for the competition are provided upon registration.
- the competition will be made available online on the day(s) of the competition.
Content of contest
The competition contains 50-60 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
- Fraud & financial 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 Financial Literacy 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
https://uwsaf.mobius.cloud. Although we welcome and encourage student participation in our competitions, our open resources are available to explore at any time with no obligation to register.
May 2022 Financial Literacy Competition Winners
Congratulations to the student winners!
We are excited to publicly announce the results of the May 2022 Financial Literacy Competition. We hosted approximately 850 students, 68 teachers, and 57 different schools from Ontario and Saskatchewan. Thanks to the teachers at these schools who made this opportunity possible and the students who took on the challenge! Grades 9 and 10 students competed in our Junior Competition and Grades 11 and 12 students competed in our Senior Competition. Congratulations to all participants!
A special congratulations to our top performers, Matthew Wong (Junior grand prize recipient) and Brayden Petersen (Senior grand prize recipient) for your first-place finish. Matthew and Brayden received $750 to be put in a RESP for their post-secondary education. We also recognized the top 10 students in each grade level. Each honour roll recipient received a $75 gift card.
Below is our May 2022 Honour Roll:
Grade 9 Honour Roll
|
Huda Bhayani
|
1
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Markham District High School
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Teacher: Christina Lovell
|
|
Krishiv Shah
|
2
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Father Michael McGivney Catholic Academy High School
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Teacher: Catherine Fujiwara
|
|
Mateja Gacic
|
3
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Glenforest Secondary School
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Teacher: Sherri Fraser
|
|
Emma Wu
|
4
|
Father Michael McGivney Catholic Academy High School
|
Teacher: Catherine Fujiwara
|
|
Nevik De Silva
|
5
|
Richmond Hill High School
|
Teacher: Gloria Woo
|
|
Joey Lusk
|
6
|
St. Mary’s High School
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Teacher: Connor Henderson
|
|
Amy Zhou
|
7
|
Laurel Heights Secondary School
|
Teacher: Anna Kucharczyk
|
|
Steven Kim
|
8
|
St. Theresa of Lisieux Catholic High School
|
Teacher: Andrea Merenda
|
|
Noe Wong
|
9
|
Laurel Heights Secondary School
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Teacher: Anna Kucharczyk
|
|
Jin Zhou
|
10
|
Thornhill Secondary School
|
Teacher: David Clarke
|
Grade 10 Honour Roll
|
Matthew Wong
|
1 (Junior grand prize recipient)
|
University of Toronto Schools
|
Teacher: Susie Choi
|
|
Edie Huo
|
2
|
University of Toronto Schools
|
Teacher: Susie Choi
|
|
Zachary Mete
|
3
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St. Paul Catholic Secondary School
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Teacher: Melanie Williams
|
|
Emma Kordic
|
4
|
St. Paul Catholic Secondary School
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Teacher: Melanie Williams
|
|
Jack Ogus
|
5
|
Westdale Secondary School
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Teacher: Trevor Nurmi
|
|
Derek Kuo
|
6
|
St. Brother André Catholic High School
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Teacher: Joan Osawe
|
|
Angad Khattra
|
7
|
University of Toronto Schools
|
Teacher: Susie Choi
|
|
Daniel Guo
|
8
|
Iroquois Ridge High School
|
Teacher: Jim Fisher
|
|
Corey Li
|
9
|
Richmond Hill High School
|
Teacher: Gloria Woo
|
|
Nick Karagiannis
|
10
|
Richmond Hill High School
|
Teacher: Gloria Woo
|
|
Ethan Lam
|
10
|
Northview Heights Secondary School
|
Teacher: Deborah Kupperman
|
Grade 11 Honour Roll
|
Matthew Wong
|
1
|
Bayview Glen School
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Teacher: Alison Rowland
|
|
Steven Rowe
|
2
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Iroquois Ridge High School
|
Teacher: Jim Fisher
|
|
Devin Chauhan
|
3
|
St. Theresa of Lisieux Catholic High School
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Teacher: Andrea Merenda
|
|
Curtis Leung
|
4
|
Bill Hogarth Secondary School
|
Teacher: Nathan Shrubsole
|
|
Bryan Huang
|
5
|
Bayview Glen School
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Teacher: Alison Rowland
|
|
Liam Doherty
|
6
|
Applewood Heights Secondary School
|
Teacher: Sameera Khan
|
|
Jovita Liang
|
7
|
TMS School
|
Teacher: Edwin Bryson
|
|
Gloria Huang
|
8
|
Bill Hogarth Secondary School
|
Teacher: Nathan Shrubsole
|
|
Trevor Cheung
|
9
|
Bayview Glen School
|
Teacher: Alison Rowland
|
|
Arietta Vayenas
|
10
|
Bayview Glen School
|
Teacher: Alison Rowland
|
Grade 12 Honour Roll
|
Brayden Petersen
|
1 (Senior grand prize recipient)
|
Bill Hogarth Secondary School
|
Teacher: Nathan Shrubsole
|
|
Johann Abraham
|
2
|
St. Brother André Catholic High School
|
Teacher: Joan Osawe
|
|
Sullivan Pearson
|
3
|
Richview Collegiate Institute
|
Teacher: Liz Niehaus
|
|
Hinthuja Jeyaraja
|
4
|
|
|
|
Youssef Mackary
|
5
|
Philopateer Christian College
|
Teacher: Mary Nakhla
|
|
Sanskriti Shindadkar
|
6
|
University of Toronto Schools
|
Teacher: Susie Choi
|
|
Louis Li
|
7
|
John Fraser Secondary School
|
Teacher: Yvonne Sousa
|
| |
8
|
Iroquois Ridge High School
|
Teacher: Lisa Vieira
|
|
Angela Sun
|
9
|
St. Brother André Catholic High School
|
Teacher: Joan Osawe
|
|
Aditya Deshpande
|
10
|
London Central Secondary School
|
Teacher: Tracey Ward
|
The top performing schools and recipients of $500 for financial literacy resources for the classroom are:
- 1st place – St. Brother André Catholic High School (Teacher: Joan Osawe)
- 2nd place – St. Theresa of Lisieux Catholic High School (Teacher: Andrea Merenda)
- 3rd place – Richview Collegiate Institute (Teacher: Liz Niehaus)
Congratulations to all our participants! Thanks to Sagen™ for making these generous prizes possible.
Congratulations to the student winners!
