InspireFinancialLearning.ca is an initiative of the Ontario Teachers' Federation to provide teachers with effective tools and strategies to help their students navigate the complex world of personal finances.
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Lesson Plan
In this lesson, students will explore the pros and cons of spending and saving, and the effect of interest on saving and borrowing. Class discussions cover the importance of starting early with retirement and other savings plans, the importance of an emergency fund, and how to apply the Rule of 72.
Ontario Curriculum Based
HIP4O – Personal Life Management MCR3U – Functions
CIE 3M – The Individual and the Economy
At the end of this lesson, students will:
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