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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.

We welcome input at info@inspirefinanciallearning.ca.

Lesson Plan

Restaurant Challenge

During this lesson, students will determine the costs needed to run a small business, a restaurant, and determine how many meals they will need to sell to earn a profit.

  • Grade Level: 7
  • Course(s)/Subject(s):

    Mathematics, grades 1­–8 (2005)
    Language Arts (2006)

Article

Kids and money: Give them opportunities to goof it up

Give them opportunities to goof it up

  • Grade Level: K-2
  • Theme(s): Spending

Article

Dealing with your teen’s bad money habits

10 tips for 10 bad money habits

  • Grade Level: 8-10
  • Theme(s): Spending

Article

Stay at home, buy or rent? Kit’s story

A case study in leaving the nest

  • Grade Level: 11-12
  • Theme(s): Spending

Article

First cell phone

Help your child get smarter about smart phones

  • Grade Level: 4-7
  • Theme(s): Spending

Article

Where did all my money go?

Kid- and teen-ready tips for tracking cash

  • Grade Level: K-2
  • Theme(s): Planning & tracking

Article

Virtual spending

Tips for keeping your family’s online shopping secure

  • Grade Level: K-2
  • Theme(s): Spending

Lesson Plan

What influences our spending?

In this lesson, students will analyze factors that influence their product choices. Students are encouraged to discern messages used in various media texts by marketers to grab their attention.

  • Grade Level: 6
  • Course(s)/Subject(s):

    Language, grades 1–8 (2006)
    Mathematics, grades 1–8 (2005)

Lesson Plan

Counting Change

In this lesson, students will learn how to round prices without the use of the penny and practice giving and receiving change.

  • Grade Level: 5
  • Course(s)/Subject(s):

    Mathematics

Lesson Plan

Saving vs. spending

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.

  • Grade Level: 11-12
  • Course(s)/Subject(s):

    HIP4O – Personal Life Management MCR3U – Functions
    CIE 3M – The Individual and the Economy

Lesson Plan

Know your flow

In this lesson, students will identify and review their expenses and income and learn to create a budget.

  • Grade Level: 9-12
  • Course(s)/Subject(s):

    BBI1O/BBI2O – Introduction to Business
    HIF1O/2O – Exploring Family Studies
    HIP4O – Personal Life Management
    CIE 3M – The Individual and the Economy

Lesson Plan

Tower building on a budget

In this lesson, students compare the benefits and costs of spending decisions by working in teams to build the tallest tower on the lowest budget.

  • Grade Level: 5-6
  • Course(s)/Subject(s):

    Mathematics
    Science

Lesson Plan

Keep your spending in check

In this lesson, students examine how certain spending patterns, if gone unchecked, can lead to financial problems. By exploring factors that contribute to unhealthy behaviours, students learn how to use an action plan to adjust and resolve any issues.

  • Grade Level: 10-12
  • Course(s)/Subject(s):

    PPL20 – Healthy Active Living Education
    See also similar expectations in PPL1O, PPL3O, PPZ3C and PPL4O

Lesson Plan

Price it right!

In this lesson, students learn how companies use skim and penetration pricing models to maximize sales and increase profit.

  • Grade Level: 9-10
  • Course(s)/Subject(s):

    BBI1O/BBI2O – Introduction to Business Studies

Lesson Plan

HST derby

This lesson introduces the concept of retail sales tax through a race called HST Derby. During the race, students cooperate in teams to calculate HST on a variety of purchases.

  • Grade Level: 8
  • Course(s)/Subject(s):

    Mathematics, grades 1–8 (2005)

Lesson Plan

My furry friend: costs of pet ownership

Students will calculate and compare the cost of caring for different pets for one year and explore some of the personal benefits of owning a pet.

  • Grade Level: 6
  • Course(s)/Subject(s):

    Mathematics

Lesson Plan

Two Cents – Money Wisdom

In this lesson, students assess and evaluate money advice from family members and experts in the community by conducting interviews about how different people earn, save and spend money.

  • Grade Level: 6
  • Course(s)/Subject(s):

    Language

Lesson Plan

Mathlete: The costs of playing sports

In this lesson, students compare costs associated with participating in various sports and graph the results. Students then consider ways families can stay fit without spending a lot of money.

  • Grade Level: 5
  • Course(s)/Subject(s):

    Mathematics
    Health & Physical Education

Lesson Plan

The classroom store

This lesson teaches students how to calculate money amounts and make change by conducting simulated purchases through a classroom store activity.

  • Grade Level: 5
  • Course(s)/Subject(s):

    Mathematics

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