Financial literacy 101
Personal finance curriculum to be mandatory next year in two provinces, but at least one teacher is ahead of the curve.
Why are mortgages so expensive in Canada?
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London South Collegiate Institute business teacher Jeff Balch frames his business and accounting classes around issues such as handling credit cards, cell phone bills and saving for a trip. The nexus of emotion and finance are also discussed in an effort to distinguish between needs, wants and priorities.
Further topics include the real cost of their post-secondary education, investing and saving for retirement. The trick, he says, is to have the lesson make sense for them.
Manitoba and Ontario will put financial literacy into their curricula in September, 2011.
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