TVO Learn 7 & 8 Financial Literacy

What are some possible factors that may affect a person's credit score?


OVERALL EXPECTATION

F1. demonstrate the knowledge and skills needed to make informed financial decisions

Grade 7 Specific expectations

F1.1 identify and compare exchange rates, and convert foreign currencies to Canadian dollars and vice versa


F1.2 identify and describe various reliable sources of information that can help with planning for and reaching a financial goal


F1.3 create, track, and adjust sample budgets designed to meet longer-term financial goals for various scenarios


F1.4 identify various societal and personal factors that may influence financial decision making, and describe the effects that each might have


F1.5 explain how interest rates can impact savings, investments, and the cost of borrowing to pay for goods and services over time


F1.6 compare interest rates and fees for different accounts and loans offered by various financial institutions, and determine the best option for different scenarios

Grade 8 Specific expectations

F1.1 describe some advantages and disadvantages of various methods of payment that can be used when dealing with multiple currencies and exchange rates


F1.2 create a financial plan to reach a long-term financial goal, accounting for income, expenses, and tax implications


F1.3 identify different ways to maintain a balanced budget, and use appropriate tools to track all income and spending, for several different scenarios


F1.4 determine the growth of simple and compound interest at various rates using digital tools, and explain the impact interest has on long-term financial planning


F1.5 compare various ways for consumers to get more value for their money when spending, including taking advantage of sales and customer loyalty and incentive programs, and determine the best choice for different scenarios


F1.6 compare interest rates, annual fees, and rewards and other incentives offered by various credit card companies and consumer contracts to determine the best value and the best choice for different scenarios

Grade 7

Exchange Rates and Foreign Currencies: Money for Travel

Join Teacher Kristina who explores foreign currencies and exchange rates.  Research different currencies and learn to convert and compare international currencies with the Canadian dollar.
This video activity highlights expectation F1.1. For additional learning activities for grade 7 financial literacy, please explore the TVO Learn activities listed below.

Factors that Influence Financial Decision-Making

Join Teacher Kristina as she explains how to reflect on factors that influence spending and help us make more informed decisions when it comes to spending money.  Discover how identifying these factors and recognizing how they can affect financial well-being.
This video activity highlights expectation F1.2 and F 1.4. For additional learning activities for grade 7 financial literacy, please explore the TVO Learn activities listed below.

Getting Advice about Reaching Financial Goals

Discover how to reach financial goals and make informed decisions as Teacher Kristina explains how to use reliable sources of information while planning.  Explore how to effectively manage finances and set attainable goals.
This video activity highlights expectation F1.2 and F 1.3. For additional learning activities for grade 7 financial literacy, please explore the TVO Learn activities listed below.

Grade 7 Financial Literacy Learning Activities

Grade 8

How to be a Critical Consumer

Discover how to compare a variety of ways to get more value for your money when spending.  Teacher Kristina explores the pros and cons of promotional offers and shows how to take advantage of loyalty and incentive programs

This video activity highlights expectation F1.5. For additional learning activities for grade 8 financial literacy, please explore the TVO Learn activities below.

Grade 8 Financial Literacy Learning Activities