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. 

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)

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.

Financial Literacy in the Classroom Lessons and Resources: Home Ownership: This is an online lesson with built in quizzes, videos and explanations. There is also a mini case at the end of the lesson. Students can use this to supplement the learnng happening in the classroom on the credit card unit. Questions to considerWhat factors should you consider when house shopping? Location, condition of home What can you afford and down payment requirements (GDS, TDS), credit scoreWhat are some key terms related to mortgages? How are mortgage payments calculated? What are closing costs? 

In the game Credit Clash, the player/student decides how many credit prodcuts they will take out (credit cards, student loans, auto loans, mortgages), when they were "ready" for the loan and if they were able to pay the loans. The debt may even go to "collections" during the game if the player isn't careful and responsible with their payment and borrowing. 

In Shady Sam, the player/student plays the role of the lender, and the objective is to make as much money from unsuspecting customers as possible (hence the name.) It is a great review of all the loan terms and how they impact the total amount paid by the borrower/earned by the lender (loan sharks). Play here: https://shadysam.com/

This resource provides articles, videos and discussion questions on the topic of debt and the idea of "responsible borrowing". This is a problem with Canada having the highest household debt level among G7 countries. While it’s clearly normal to have debt, it’s also natural to wonder how your financial situation compares to others. Let’s explore the average debt levels of Canadians, learn about how credit card companies make record profits off of this debt and provide students with tips on what to do if their debt is higher than average. The goal of this lesson is to teach responsibly borrowing so that our students do not get themselves into debt "quick sand" in the future.  

Folders upon folders of excellent financial literacy teaching materials!

"It is recommended to start planning instruction with the Teacher’s Guides in each module. If you are seeking a specific resource, scroll below to search."

Investigate factors that affect one’s credit file.

Teacher Guide included.

7-10 hours