Canadian personal debt is at a record high.
Canadian youth are growing up in a time in which spending is easier than ever and debt is a way of life. This problem is exacerbated by hectic family schedules, which leave parents with little time to teach their children about money management.
Through JA’s Dollars with Sense program, students get the tools they need to make smart financial decisions, live debt-free, and become savvy investors.
Dollars with Sense volunteers make learning fun by using games and multimedia to boost students’ self-confidence and help them achieve financial literacy.
By the end of the program, students will have a stronger sense of financial responsibility and the tools they need to be wise consumers.
In Nova Scotia, this program is offered to grade 10 students.
In Grade 10, students learn about budgeting, money management, credit management, saving, investing and financial goal-setting.
In this program, students:
Acquire knowledge and understanding of sound financial literacy and practices
Develop critical thinking and problem solving skills
Engage and reflect about the real costs of living
Connect to real world issues
Develop an appreciation of the role of small business in the community
Learn "smart consumerism" by understanding the rights and responsibilities of consumers
Understand transactions and how interest is calculated
Develop an understanding of purchasing power