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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

What’s Your Score?

In this lesson, students will learn how to read and interpret a credit report and, in the process, they will develop an understanding of how their spending and use of credit/debt, affects their credit history.

  • Grade Level: 9-12
  • Course(s)/Subject(s):

    Introduction to Business (BBI1O/BBI2O)
    Exploring Family Studies (HIF1O/2O)
    Personal Life Management (HIP40)

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

Urban planning and your finances

In this lesson, students have an opportunity to experience the effects of urban growth on their personal finances. The phenomena of urban sprawl, vehicle use, traffic congestion, and population density have distinct effects on personal finances. This lesson will serve as a bridge between urban geography and financial literacy.

  • Grade Level: 9-10
  • Course(s)/Subject(s):

    CGC1D – Issues in Canadian Geography
    CGC1P – Issues in Canadian Geography
    *Also applicable in Economics and Business.

Article

Stay at home, buy or rent? Kit’s story

A case study in leaving the nest

  • Grade Level: 11-12
  • Theme(s): Spending

Article

First cell phone

Help your child get smarter about smart phones

  • Grade Level: 4-7
  • Theme(s): Spending

Lesson Plan

Personal budgeting 101

In this lesson, students learn the fundamentals of budgeting. Students track income and spending using a journal, design a simple budget, and apply a tool to save for the future.

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

    Mathematics, grades 1–8 (2005)

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