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InspireFinancialLearning.ca is an initiative of the Ontario Teachers' Federation to provide teachers with effective tools and strategies to help their students navigate the complex world of personal finances.

We welcome input at info@inspirefinanciallearning.ca.

Lesson Plan

Using Ratios to Compare Renting Vs Buying Over Time

Students will calculate, graph, and compare historical price multiples of rent to price ratios.

  • Grade Level: 7
  • Course(s)/Subject(s):

    Mathematics

Lesson Plan

Dollar Store Economics

Students will analyze and assess the value (cost and quality) of products purchased at a dollar/discount store compared to a specialty store.

  • Grade Level: 4-8
  • Course(s)/Subject(s):

    Mathematics

Lesson Plan

Pros and Cons of Electric Cars

In this lesson, students investigate the costs and benefits of using electric cars over gasoline-powered cars by comparing the cost and environmental impact of both types of vehicles.

  • Grade Level: 7
  • Course(s)/Subject(s):

    Science and Technology, grades 1 to 8 (2007 revised)
    Mathematics, grades 1–8 (2005)

Lesson Plan

Debt: Benefits and Costs

This lesson introduces students to the concept of “debt.” After examining the costs of different types of debt and the effect on purchase prices, students determine whether debt is worthwhile.

  • Grade Level: 7
  • Course(s)/Subject(s):

    Mathematics, grades 1­–8 (2005)
    Social Studies, grades 1–8 (2013)

Lesson Plan

Restaurant Challenge

During this lesson, students will determine the costs needed to run a small business, a restaurant, and determine how many meals they will need to sell to earn a profit.

  • Grade Level: 7
  • Course(s)/Subject(s):

    Mathematics, grades 1­–8 (2005)
    Language Arts (2006)

Lesson Plan

Deserted!

In this lesson, students will think about their needs and wants and how they can change depending on circumstances. Students will also make the connection between their needs and wants and Maslow’s hierarchy of needs.

  • Grade Level: 4-8
  • Course(s)/Subject(s):

    Social studies
    Geography
    *Also applicable to Language

Lesson Plan

Supermarket sweep

Students will participate in a comparison shopping exercise by researching the price of various food items using an Internet grocery store website and/or store flyers.

  • Grade Level: 7
  • Course(s)/Subject(s):

    Mathematics, grades 1–8 (2005)
    Health and Physical Education (2010)

Lesson Plan

If money grew on trees

In this lesson, students evaluate needs and wants by planning and organizing a multi-paragraph writing piece in response to the question: “What would you do if money grew on trees?”

  • Grade Level: 7
  • Course(s)/Subject(s):

    Language, grades 1–8 (2006)

Lesson Plan

Advertising: behind the image

Students analyze popular advertisements in order to see how the different forms of marketing can shape individual needs, wants, and purchasing decisions.

  • Grade Level: 7
  • Course(s)/Subject(s):

    Language, grades 1-8 (2006)

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