FOR TEACHERS AND PARENTS

Grade 6 Financial Literacy

Ontario Mathematics Curriculum, 2020

Compare ways to pay and select relevant trade-offs. Plan and adapt a six-week savings journey. Recognize products and compare stated banking terms. Choose resource exchanges and identify participants’ responsibilities.

Curriculum connections

View Official Ontario Curriculum Expectations Read the official Ontario curriculum expectations for Grade 6.

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Grade 6 · Financial literacy curriculum connections
Curriculum expectation	What students learn	FinanceFlight game	How the game covers it
F1.1Payment trade-offs Official wording describe the advantages and disadvantages of various methods of payment that can be used to purchase goods and services	Weigh the benefits and drawbacks of payment methods in context.	Payment Showdown	Students compare payment options for a purchase, select a relevant drawback and reconsider their choice when the situation changes.
F1.2Financial goals Official wording identify different types of financial goals, including earning and saving goals, and outline some key steps in achieving them	Identify financial goals and plan practical steps toward them.	Goal Getter	Students choose a savings goal, inspect the starting amount and select weekly contributions for a six-week journey. Longer-term goal planning is outside the current activity.
F1.3Factors affecting goals Official wording identify and describe various factors that may help or interfere with reaching financial goals	Consider how income, expenses and unexpected changes affect a goal.	Goal Getter	Students revise a savings route after a cost increase, an unexpected expense or extra earnings, and compare the effect on reaching the goal.
F1.4Interest and banking fees Official wording explain the concept of interest rates, and identify types of interest rates and fees associated with different accounts and loans offered by various banks and other financial institutions	Recognize interest rates and fees attached to accounts and loans.	Banking Basics	Students explore account and loan products, locate stated fees and rates, and choose terms suited to a banking scenario.
F1.5Sharing resources Official wording describe trading, lending, borrowing, and donating as different ways to distribute financial and other resources among individuals and organizations	Distinguish trading, lending, borrowing and donating.	Community Exchange	Students select reciprocal resource routes and identify ownership, return or repayment terms for trading, lending, borrowing and donating.