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 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.

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.

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.  

“The Dark Side of Buy Now Pay Later (BNPL) Apps” Video and Listening Guide Two Cents Video: https://youtu.be/UFJgnaASld8?si=ZlyKa6W0f4mq5gZj Buy Now Pay Later loans are becoming the newest, trendiest way to spend money you don't have... but are they really safer than credit cards? Preet Banjeree Video: https://youtu.be/fYM0eLvds1g?si=kNPU8bSCaAfp_0Br There are no free lunches. Find out how expensive it is to offer (for a merchant), how that can increase prices, and how using other methods to pay might be better for you (and also for lower income households!)

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. 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.Full workbooks and audio files accompany this resource. 

"There are 44 modules worth of activities and resources on this page! 31 modules with the secondary icon are designed for high school instruction in the Saskatchewan Financial Literacy 20/30 curriculum.

Although some of the content of the 13 other modules are designed for middle years instruction, they are easily adaptable to secondary learners. Teachers, consult your school division to see if the 13 modules have been taught at the middle years level to avoid repetition.

Simply click on a theme, select a module for instruction, pick an appropriate suggested activity from the Teacher’s Guide, and download the necessary resources to help students meet the module’s outcome."

Money Stories is a series of 8 lessons dealing with financial matters of everyday life. The Money Stories Program originated when Elders at the Aboriginal Seniors Resource Centre (in Winnipeg, MB) had the idea that money management training should be taught to Indigenous youth with a focus on Indigenous values, culture, and traditional teachings. The Money Stories Curriculum was then developed and tweaked by current and past SEED Winnipeg Inc. staff.Everyone is welcome to review the Money Stories Curriculum presented here. Note: the attached materials are read-only.  SEED Winnipeg Inc. kindly requests that organizations contact them directly via email or phone to request a printable version of the instructor’s manual and to order printed versions of the workbook (there will be a fee to recover costs for the workbook).  Interested organizations should have like-minded goals and values that support individuals in any of these areas: financial empowerment, education, job readiness, or life skills training.  Someone with facilitation experience is an asset.

Free online courses Money Moccasins- momentum presented by Indigenous Financial Empowerment Facilitator Theodora WarriorHealy at https://courses.momentum.org/account/my-courses# You need to sign up to get an account and then work through the courses. The goal of the program is to give participants more confidence when they walk into a bank or talk to a financial advisor. Opening accounts, RRSPs for kids and tax-free savings accounts are just some of the topics discussed. The program uses a combination of storytelling and knowledge sharing that is a common way for indigenous people to learn from each other. In this case they sit together and talk about finances and gain financial empowerment that a lot of people have not had access to before. Participants who attend all five workshops (Assets, Budget, Banking, Credit, and Consumerism) receive a certificate of completion that can be applied to their credit report.

Investigate various types of credit and credit products available to individuals.

Teacher Guide included.

7-10 hours