This resource provides a listening guide, presentation and student assignment on the topic of "Buy Now, Pay Later", which has become a very popular way to finance everyday purchases. Students are challenged to identify the rise of BNPL programs and how they can "hurt" your credit score and lead to irresponsible borrowing in the future.  

Buy Now, Pay Later (BNPL) services have rapidly transformed the way many consumers approach online shopping, offering an alternative to traditional credit cards by allowing immediate purchases with deferred payments. These services have gained popularity for their ease of use and the perception of increased affordability, especially among younger consumers. However, it's crucial to understand the financial implications of BNPL, including the risks of overspending, debt accumulation, and potential impacts on credit health, to make informed and responsible financial decisions. 

This humorous vignette points out the necessity of taking care when we purchase something online. More and more we are making purchases online and avoiding the bricks and mortar stores. While this is proving to be an increasingly popular choice for people, there are cautions that need to be taken. As with any financial practice, there are safeguards and checks to be made, prior to any purchase, in order to ensure that we don’t wind up with something we don’t want – or worse – that we have been taken advantage of by unscrupulous people. So how do we safeguard ourselves as we shop online? There are certain things you can do.

Learning About Money Doesn’t Have To Be Boring!
A series of short vignettes produced for CFEE by Just For Laughs Gags focusing on money and highlighting money challenges, along with supporting tips and teaching material and suggested classroom activities and lesson ideas.
- Mind Your Money (PIN and password security)
- Buying Online: Be Safe. Be Wise (identifying secure websites, public WIFI and password security)
- Do They Have the Right Stuff (Trusted Advice, Selecting Financial Advisors, Good Money Decisions)
- If It Sounds Too Good To Be True (suspicious offers, risk/reward, credible investment sources)
-Catch It If You Can - In the Small Print (contracts, documents, verbal agreements, protect yourself)
- Why Pay More? (credit card offers, payments and interest charges, statement information, credit score)
- Need it, Want it, It's Your Call (need vs want, spending choices, compulsive buying, influences on buying)
- Take The Time (spending decisions, pressures to spend, comparison shopping, budget your money, return policies)
- Get the Credit You Deserve (credit score, paying off debt, credit rating accuracy, importance of a credit score)
- Scam Alert! (scams, fraud, personal information, protect your identity)

Use the course content in your own program and help your students develop an understanding of how the Canadian tax system works. Modules: Purpose of taxes, Starting to work, Lesson plan: Working for an employer, Lesson plan: Working for yourself, Lesson plan: Preparing to do your taxes, Lesson plan: Completing a basic tax return, Lesson plan: After sending us your tax return, Lesson plan: Using My Account, Lesson plan: Accessing your benefits and credits

In this activity, students will explore a job as an Uber driver. There are some clear perks of working in the gig economy, such as being your own boss and working flexible hours. But it might not be as easy as it seems. You’re a full-time Uber driver with two kids to support and a $1000 mortgage payment due in a week. Can you earn enough to pay the bill -- and make more than other players?Students will keep track of their activities in the game, their choices (to pick shifts or spend money) and how they did during the game over (able to pay bills, balance life with a job that side hustle and varying hours). 

This funny vignette stresses the importance of reading the fine print. Many times the “small print” is hard to read.  Warranties, contracts, policies, agreements and guarantees can be so long that it is human nature to skim over the text and sign without fully reading all the details. It is likely we have all done it. Think about it, if there is something that a seller wants to hide from you knowing, where would you put it? Often the information or exceptions that you really need to be aware of are placed at the end of the agreement. By that time, you are tired of reading and often agree without finishing reading all of the terms.  A buyer needs to be aware of his or her rights and have the confidence to stand up for them.

Smart money management requires building a foundation in strong, healthy financial habits. In this activity, we’ll learn about how habits work and then apply that knowledge to a financial habit that you’d like to change.Have students think about a financial habit they would like to change, and then answer the questions in the booklet. 

A money story is developed through the impact of your childhood and core memories of money. It is influenced by the impact of those around you as you watched, listened and absorbed money discussions and behaviors of others. The people around us and those we interact with, all help us develop our own money story and values regarding financial descisions. In this activity, students will:Draw their visions regarding spending, saving and giving moneyReflect on one 6 promots regarding personal influences and experiences on moneyWatch a Ted Talk on a personal money story for Tammy Lally "Let's get honest about our money problems" https://youtu.be/jlhtTKPkg5M?si=-qpm70n3Jwki5hYA Develop some future thinking ideas of what will impact them in the future Confirm their own "money story" now

This is an online lesson with built in quizzes, videos and explanations. Students can use this to supplement the learnng happening in the classroom on the credit card unit. Topics covered include: How do credit cards work?When should you use a credit card?Credit Card TerminologyWhat are some factors to consider when choosing a credit card?What are the costs of using a credit card?What are credit scores and how can you build your credit score?There is also a mini case activity included at the end with questions and feedback for the student.

In this lesson, students will learn how to read and interpret a credit report, and in the process they willdevelop an understanding of how their spending affects their credit history. They will learn about the credit bureaus in Canada, what information they track and who can review the report. An important question the students will investigate is "what does the credit file tell others about them?" There is also a sample credit report from Equifax on Jane Doe for the students to review and analyze.  

Teachers can use this resource to debate as a class or have the students reflect and answer on their own. It works well to divide the class into four groups and assign the students a topic (for or against). They may not agree with the topic they have been given, but that's the importance of debate- to allow a person to see both sides and why someone would support an argument different than your own.

Teachers can use this resource to debate as a class or have the students reflect and answer on their own. It works well to divide the class into four groups and assign the students a topic (for or against). They may not agree with the topic they have been given, but that's the importance of debate- to allow a person to see both sides and why someone would support an argument different than your own.

This resource provides a listening guide, student assignment and reflection on the topic of "Delayed Gratification", 24 hour rule and self control. In this short talk from TED U, Joachim de Posada shares a landmark experiment on delayed gratification -- and how it can predict future success with this priceless video of kids trying their hardest not to eat the marshmallow. Mischel theorized that children who eat the marshmallow within the time period would not be as successful as children who waited for 15 minutes for another piece of marshmallow. Delayed gratification = the process that a person will gain a reward after resisting temptation. 

This activity supports Module 32e Economic Factors that impact personall financial decisions. We all know demand for goods and services can rise and fall, but what causes it to do those things? In this activity students will demonstrate how consumers’ income and preferences, prices of substitutes, and number of consumers in a market can affect demand. Students will reflect on their learning and how the actions may affect consumer demand for products and eventually the money we spend on purchases these products!

This humorous vignette reminds us of the need to carefully consider who we trust to give us valid guidance in investing our money. Most of us either don’t have the expertise or the time to manage our investments. As a result, as we begin to build an investment portfolio, we look for help. Some rely solely on family members or friends to guide them while others look for professional help. Regardless of the course you take, it is crucial to understand the background and experience of those offering the guidance and advice. It is important that we give our trust to those who deserve it and not simply rely on friendship or whim. After all, you have worked hard for that money and you want to make sure that it is well managed.

Marginal Cost/Benefit Decisions and the Investment Industry Watch video: DRUG SHORT ON NETFLIX in the Dirty Money Series (Series 1)This activity is meant to be used once Marginal Cost, Marginal Benefit and Diminishing Marginal Utility and Investing (short selling) are taught. The movie "Drug Short" is part of the Dirty Money Series 1 on Netflix. Underlying issues in this case are greed, ethics, corporate profit and efforts to maximize shareholder profit at all costs (even human life). This activity looks at the activites of pharmaceutical companies and their efforts to make money, yet disregarding the impact on people who rely on the medicine. Short seller investors "sold the stocks" of drug companies when the prices were high, predicting that there was unethical activities which would eventually bring the share price down. Short sellers make money by expecting share prices to fall, when they identify bad companies or unethical behavior (which is exactly what happened here).

FL10.2 Examine the influence that finances have on well-being Review a survey done to evaluate whether money can determine a person's happiness. Students can review a chart and see the results of happiness versus income levels. There is also a determination of a person's overall wellbeing and their "perceived happiness levels", based on what other think their happiness should be.

The main objective of English for Financial Literacy is to help instructors incorporate financial literacy content into their program planning and teaching, and support them in learning about key topics and concepts related to financial matters. The activities in this section explore the topic of banking services, credit cards, types of credit and related concepts. The activities present basic information on various bank accounts and transactions, forms of credit, what good and bad credit is, and how credit cards work. English for Financial Literacy is an instructor’s resource for teaching financial literacy concepts and skills in LINC and adult ESL programs at CLB levels 1 to 8.

This resource provides a lesson with Powerpoint, student handouts with word and graphic content and assignments with questions to assess students know. The content breaks down the tools and strategies you can use to build an emergency fund. We’ll take a detailed look at what “emergency” means; why we all need to put away funds in case of an emergency; how to use the “Pay Yourself First” method of saving; how much we each need to save; and the best high-interest savings accounts to stash and grow our money.