Financial Literacy 20, 30
Course Configurations
FINL28B
Module 28B: Vehicles - Leasing vs. Buying (Core)
Outcome
Investigate the processes for buying and leasing a vehicle.
Indicators
| (a) | Identify the costs ofowning and operating a vehicle. |
| (b) | Discuss the advantages and disadvantages of buying versus leasing a vehicle. |
| (c) | Calculate the costs of buying versus leasing using lease calculation and owner’s calculation formulas. |
| (d) | Determine an individual’s ability to afford a vehicle using strategies or guidelines such as the 20-10 rule and total loan cost. |
| (e) | Discuss the consequences of relying primarily on the monthly payment amount to determine affordability of a vehicle loan. |
| (f) | Explore finance options for vehicle loans and leasing vehicles from a variety of providers (e.g., car dealership and bank). |
| (g) | Compare the advantage and disadvantages of buying or leasing a new andused vehicle. |
| (h) | Investigate where and how (e.g., through dealerships, privately and online) vehicles might be purchased. |
| (i) | Discuss the role of a down payment in financing a vehicle purchase or lease. |
| (j) | Investigate the process of trading in a vehicle to purchase another. |
| (k) | Research how vehicles depreciate and ways to help a vehicle hold value. |
| (l) | Define the concept of negative equity and discuss situations (e.g., accident and length of ownership) that may result in negative equity on a vehicle loan. |
| (m) | Explore the consequences of trading in a vehicle with negative equity to purchase another, and doing so too frequently. |
| (n) | Research and compare insurance and warranty options for vehicles. |
| (o) | Discuss the repercussions of financing a vehicle on access to credit for future purchases. |
| (p) | Apply decision-making strategies or approaches to a variety of scenarios that include the option to purchase or lease a new or used vehicle. |
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R008607
Money and Finances
This Government of Canada website has current information on concepts related to financial literacy. There is a useful search menu to locate information on specific course topics. The content is written suitably for students and some topics include videos, tools and calculators, online courses and modules that may be useful for use in the classroom.
Links :
Website
Media and Formats :
Website
Price :
Free
Record posted/updated:
February 8, 2022
R007161
Financial Empowerment: Personal Finance for Indigenous and Non-Indigenous People
This open access textbook provides personal finance instruction that incorporates information reflecting the varied backgrounds and situations of both Indigenous and non-Indigenous students. Topics covered include: personal financial planning, achieving financial goals, risk management and planning for the future. Links to video interviews with eight Elders are included with the resource. These powerful interviews provide an Indigenous perspective on finances, education and preparing for the future. The resource is available in a variety of downloadable formats and includes PowerPoint slides that enrich the content.
(More information)
Links :
Download
Media and Formats :
Document
Price :
Free
Record posted/updated:
February 22, 2022
R007555
Money and Youth: A Guide to Financial Literacy
This Canadian textbook supports the Financial Literacy curriculum and provides information at a suitable introductory level. The resource is organized under six headings for a total of 15 modules. The headings include: Goals, Values and Decision-making; Getting and Earning Money; Spending Money and Taking Control; Borrowing Money and Using Credit; Saving and Investing Money; and Protecting Assets and Planning for the Future.
The resource includes:
- Student Guide, English or French, free online PDF version or hard copies can be ordered at a minimal fee
- Teacher's Guide, English or French, free online version
(More information)
Media and Formats :
Book
Document
Price :
Free PDF or print copies at a minimal fee.
Record posted/updated:
October 2, 2024
R104137
Enriched Academy
This online portal with Canadian content is accessible through a paid subscription. It delivers a series of over 60 sequenced video lessons and more than 150 quizzes and assessments on topics related to financial literacy. It includes an interactive online platform, webinars, calculators and tools for students to use to learn more on topics such as credit, saving for retirement, the stock market, TFSA, RRSP and taxes, money myths and careers.
Links :
Website
Media and Formats :
Website
Price :
Free
Record posted/updated:
February 8, 2022