Financial Literacy 20/30

The Decision‐Making Process

Overall Expectations:

Apply decision‐making strategies to various personal and community financial scenarios.

Specific Expectations:

a. Discuss how factors such as needs, wants, habits, values, risks, economic influences and current financial situation affect decisions.

b. Identify and role‐play various scenarios using decision‐making strategies such as agonizing, procrastination, spontaneity, compliance and security.  

c. Analyze the effectiveness of various decision‐making strategies applied to various personal and community financial scenarios.

d. Discuss how different decision‐making strategies may be used for various personal or community financial situations

MediaSmarts Resources

Gambling in the Media
Marketing to Teens: Alternate Ads
Marketing to Teens: Gender Roles in Advertising
Marketing to Teens: Gotta Have It! Designer & Brand Names
Marketing to Teens: Marketing Tactics
Online Gambling and Youth
Online Marketing to Kids: Strategies and Techniques
The Invisible Machine: Big Data and You

 

Information Security

Overall Expectations:

Investigate methods for handling and storing personal and financial information securely.

Specific Expectations:

b. Recognize when personal information (e.g., social insurance number, account numbers, passwords, passport information and personal address/location) should remain confidential.

c. Identify how documents that contain sensitive information may be stored and protected using various tools and techniques such as a safety deposit box, a fire proof safe, a secured electronic folder and shredding.

MediaSmarts Resources

Privacy Rights of Children and Teens
Secure Comics
The Privacy Dilemma: Lesson Plan for Senior Classrooms
What Students Need to Know about Freedom of Information and Protection of Privacy

 

Credit Reports and Credit Scores

Overall Expectations:

Investigate factors that influence one’s credit file

Specific Expectations:

f. Discuss steps for preventing and dealing with identify theft and credit fraud.

h. List factors such as pre‐approved credit or credit checks that may impact one’s credit score.

MediaSmarts Resources

Secure Comics
The Invisible Machine: Big Data and You

Contracts

Overall Expectations:

Examine the components and legalities of financial contracts.

Specific Expectations:

a. Provide examples of common financial contracts for goods and services such as cell phones, gaming program purchases and related electronic devices, vehicles, credit cards, warranties, housing, lines of credit and loans.  

b. Identify the components of a financial contract (e.g., legal names and addresses of all parties; clear, detailed description of the goods or services to be provided; price and payment terms; and responsibilities).

d. Discuss the rights and responsibilities of the signatories of a financial contract.

MediaSmarts Resources

Privacy Rights of Children and Teens
The Privacy Dilemma: Lesson Plan for Senior Classrooms
Who Knows? Your Privacy in the Information Age