FOR TEACHERS AND PARENTS

Grade 7 Financial Literacy

Ontario Mathematics Curriculum, 2020

Convert amounts and compare purchases in a common currency. Inspect supplied financial information and select relevant evidence. Compare simple-interest savings and borrowing outcomes. Identify influences and supported effects, then construct, track and revise budgets for three goals.

Curriculum connections

View Official Ontario Curriculum Expectations Read the official Ontario curriculum expectations for Grade 7.

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Grade 7 · Financial literacy curriculum connections
Curriculum expectation	What students learn	FinanceFlight game	How the game covers it
F1.1Currency exchange Official wording identify and compare exchange rates, and convert foreign currencies to Canadian dollars and vice versa	Read exchange-rate quotations and convert between Canadian and foreign currencies.	Currency Trader	Students read sample rate units, convert Canadian and foreign amounts, compare the same purchase in one currency and check an exchange against a Canadian-dollar budget.
F1.2Reliable financial information Official wording identify and describe various reliable sources of information that can help with planning for and reaching a financial goal	Evaluate whether a source is trustworthy and useful for a financial decision.	Financial Researcher	Students inspect source cards and select relevant clues about dates, incentives, terms and corroboration, including what still needs checking. They do not conduct open-ended research.
F1.3Budgets for longer-term goals Official wording create, track, and adjust sample budgets designed to meet longer-term financial goals for various scenarios	Create, track and adjust budgets for longer-term financial goals.	Decision Factors	Budget Decisions requires students to allocate income after necessary expenses, record actual savings and the signed difference from their original plan, and revise spending, confirmed fundraising or timing after a change across three longer-term goals.
F1.4Influences on decisions Official wording identify various societal and personal factors that may influence financial decision making, and describe the effects that each might have	Consider how personal circumstances and societal influences affect choices.	Decision Factors	Students identify an influence, predict its effect or select a supplied cause-and-effect explanation across twelve situations. Independent spoken or written explanations are not assessed.
F1.5Interest over time Official wording explain how interest rates can impact savings, investments, and the cost of borrowing to pay for goods and services over time	Explore how rates and time affect savings, investments and borrowing.	Banking Showdown	Students compare supplied simple-interest savings and borrowing outcomes at different rates and times. Investment returns and independent explanations are outside the current activity.
F1.6Comparing financial institutions Official wording compare interest rates and fees for different accounts and loans offered by various financial institutions, and determine the best option for different scenarios	Compare interest, fees and account or loan terms for a given situation.	Banking Showdown	Students select better or equal fictional savings-account and loan outcomes using disclosed interest, fees and usage. Some missions compare terms rather than institutions.