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The material in this lesson will help students become aware of the warning signs of financial difficulties. When difficulties arise, students should first contact their creditors. Next, efforts should be made to revise spending patterns. In addition, assistance from a Credit Counseling service agencies might be considered. What if these actions do not help?

This collection features resources to support teaching Module 26B: Handling Debt Problems B from the Saskatchewan Financial Literacy curriculum. This activity suggests articles, websites, assignments, and discussion topics to help develop some problem-solving skills in relation to managing debt problems. 

There are several interesting articles written by Anne Gaviola on Vice focused on Canadian finances, debt, and correlations between money and a person’s well-being. Keeping your debt a secret can mess with your mind and body. The culture of secrecy around debt causes young people to suffer in silence, making it even harder to manage debt. Use this content for case-based learning opportunities.

In this Case Study, students will take on the role of a credit counselor to assist a borrower who finds himself in serious financial distress. Several options will be presented, and students will identify pros and cons of each approach and choose a path forward.

Managing debt loads can be very difficult and overwhelming at times. Hiding from debt and avoiding the problem, will only make the situation worse. This activity includes mini case studies on how to handle various debt problems so that the students can take control of their debt and move forward to a better financial 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."

Students will learn the consequences of not paying one’s debts and the choices of last resort for out-of-control debt. Students will explain how using [types of predatory loans] can cause a vicious cycle of debt. Bankruptcy is also introduced, and the various costs associated with bankruptcy are outlined. The students will discover what steps a person can take to avoid filing for bankruptcy, including seeing a credit counselor.

Comic Book titled “The Game Plan” by The Healthy Aboriginal Network https://istorystudio.com/wp-content/uploads/2014/04/Game-Plan.pdf The Healthy Aboriginal Network’s Game Plan is a comic book for Aboriginal youth featuring a teenager named Jake who struggled with financial wellbeing until he was taught a lesson or two in financial literacy. Making the right financial decisions helped Jake achieve his goals and feel financially empowered. 

This activity allows the students to discuss the burden of student loans and financing post-secondary education. An additional aspect to this activity is the mental health aspect regarding heavy debt loads for post-secondary. The discussion could include a debate on student loans, who is responsible and can a student "walk away" from this debt? Should the government pay for post-secondary education for everyone? If yes, would you be willing to pay more taxes for free post-secondary education?Students often finance their post-secondary education, which can be very expensive over many years. How does a student pay this debt back if they are unable to finish their program, especially in expensive programs such as medicine or law?  

This 3-minute video lesson compares put vs. short and leverage. [Core Finance playlist: Lesson 74 of 184]

Managing money can be hard, but it doesn't have to be! Learn about built-in biases that often keep us from making smart decisions, and practice overcoming them by taking care of your pet through three fun and challenging mini-games.

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Learn the 101 of Financial Literacy for free with these 12 units.

*Unit 11 is full of teacher resources.

Overview: Sun West and Junior Achievement Partnership for Grade 68Career Education:

Sun West School Division partnered with Junior Achievement Saskatchewan in support of career development competencies of students through a business lens. Grade 8 Career Education Teachers will continue to deliver Junior Achievement’s Dollars with Sense (Gr. 8) program to our students.

Junior Achievement focuses on the pillars of Financial Literacy, Entrepreneurship, and Work Readiness. The programs include combinations of whole class, team, and individual activities. Junior Achievement kits were sent to schools and categorized in our libraries. The materials are very detailed containing necessary resources, student preparation portfolios, and the teacher inspiration guide. The Student Preparation Portfolio consumables have been sent to schools.

As well, Junior Achievement has updated their online portal and created both Teacher-led and Student self-directed modules. These modules can be used alongside the physical kits – lots of options! Course Access Codes for the online portal have been shared with CD LEAD Teachers and Administrators. The access codes are also included in the packages sent to schools. If any support needed,

The Penny Hoarder's goal is to teach financial skills for life, so it's a great place for students to learn about responsible money-handling. From coupon deals to earning side cash to smart budgeting and managing debt, The Penny Hoarder will increase your financial literacy on all levels. There's also an on-site academy where you can learn the basics of financial topics, such as managing credit, budgeting, and more.

Choose from the suggested activities below to find activities to help your students meet the outcome for this module from the Saskatchewan Financial Literacy 20/30 curriculum, Module 26B: Handling Debt Problems, Outcome: Examine the processes of and alternatives to personal bankruptcy in Saskatchewan. All resources for this module’s activities can be found on saskmoney.ca or within this Resource Bank.