Financial Education Resources OTF Financial Literacy Workshops -- Secondary Christine Allum

1. Financial Education Resources OTF Financial Literacy Workshops -- Secondary Christine Allum

2. Investor Education Fund (IEF) Who we are? Non-profit organization created by the Ontario Securities Commission (OSC) Funded through OSC settlement monies Educational arm of the OSC Mandate to promote financial literacy

3. IEF What we do? • Help consumers make better informed decisions via www.GetSmarterAboutMoney.ca • Support (fund) community-based, non-profit organizations financial literacy initiatives • Provide teachers with resources and training

4. IEF Research 2011 survey of 1,000 people answered questions related to investing borrowing and financial planning -- average score was 11.5 correct out of 23 questions (50%) • People need to learn how to apply what they know to real life decisions. For instance, we found that in the context of choosing a mortgage, people were not able to apply their knowledge that borrowing for a longer time means you will pay more interest overall. • People need to learn how to apply what they know to real life decisions • People need to build their knowledge of investment risks and returns. • People need to improve their knowledge of financial planning and setting goals. • Those under age 35 need to learn about the tax rules for RRSPs. • There are still people who are vulnerable to investment fraud.

5. IEF Research 2009 survey of 400 Ontario students • 48% don’t believe that school is doing a good job in providing them with information to manage money • 57% don’t know how to create a budget • 62% don’t believe they make good spending decisions • Top two sources students relied on for financial information • 50% web • 40% school

6. How we help Education program • Teacher training • Curriculum-based resources and tools • Taking Stock in Your Future Guides • Activity kits and lesson plans • Online tools and resources • Student assembly and competitions • www.GetSmarterAboutMoney.ca

7. GetSmarterAboutMoney.ca, Education Programs, For Teachers Resources by Grades Curriculum tools Curriculum correlations http://www.getsmarteraboutmoney.ca/education-programs/for-teachers/curriculum-tools/Taking-stock-in-your-future/Pages/curriculum-correlations.aspx

8. Funny Money for High Schools • Funny Money High Schools Assembly • Available in French and English • Grade 11 and 12 students • Funny Money Tool Kit • Funny Money Animated Videos http://www.getsmarterwithfunnymoney.ca/

9. Globeclassroom.ca Lesson plans based on current affairs

10. Toronto Star teaching kits Free classroom set of newspapers for two weeks Free teaching kit • 2010-11 Financial Intelligence Series • 2009-10 All About Money • 2008-09 Smart Money Management • 2007-08 Smart Consumer Management

11. Money Apps – NEW program • 2 hour presentation for graduating students • piloted to 400 students • 79% said the presentation increased their financial knowledge • 77% would recommend the program Program materials will be available to schools who are interested in providing their students with this information • powerpoint presentation plus student handout

12. Competitions and Awards – cash prizes Educator Award • Leader in financial literacy Student competitions • Lesson/assignment includes self-reflection • Saving and Investing Challenge (gr 9-10) • Financial Reality Check Award (gr 11-12) • Financial Securities Portfolio Competition (gr 11-12)

13. www.GetSmarterAboutMoney.ca Blog – School of Savings • post-secondary students money stories during the school year and while working this summer Life Events • Life After High School • Getting an Education

14. Financial literacy across the curriculum

15. Financial literacy across the curriculum

16. How to start/introduce financial literacy Are you Doing it Regularly (IEF video) http://www.getsmarteraboutmoney.ca/managing-your-money/planning/investing-basics/Pages/video-are-you-doing-it-regularly.aspx?group=Get smarter about money&page=1 How money savvy are you? (Fin. Skills Guide) http://www.getsmarteraboutmoney.ca/education-programs/for-teachers/curriculum-tools/financial-skills-guide/Documents/financial-skills-guide-self-assessment.pdf

17. Financial management activities Worksheet: Fin. Skills Guide -- Goal setting http://www.getsmarteraboutmoney.ca/education-programs/Documents/goal-setting-worksheet.pdf Interactive: Time is money (growing savings - compound interest and simple interest) http://www.getsmarteraboutmoney.ca/education-programs/for-teachers/multimedia-resources/Documents/timeIsMoney/timeIsMoneyMovie.swf Video: Get it on credit (real cost when buying on credit) http://www.getsmarteraboutmoney.ca/managing-your-money/planning/managing-debt/Pages/video-get-it-on-credit.aspx?group=Funny%20Money&page=1

18. Project based assignment Investment portfolio Investor – financial profile and goals (grades 9/10) Financial terms Budgeting and saving concepts Wealth building

19. Project based assignment Investment portfolio (grade 11/12) Stock market, investing Financial statements Economic climate and trends Ratios: Stock and company values

20. Find us You at youtube.com/InvestorEDFund at twitter.com/smarter_money GetSmarterAboutMoney.ca

21. Contact us Subscribe to IEF teacher e-newsletter http://www.getsmarteraboutmoney.ca/education_programs/for_teachers/professional_development/e_newsletter/TeacherNewsletter.aspx Email: callum@investored.ca Tel: 416-593-2369