Just in time for Financial Literacy Month, the Canadian Bankers Association (CBA) launched a refreshed and modernized version of Your Money Students, a free non-commercial financial literacy seminar for high school students across Canada. Notable improvements to Your Money Students include:
- Modern design and visual identity to enliven the experience and enhance learning outcomes;
- Improved delivery methods to increase engagement in the classroom;
- Interactive web-based “Lifestyle Reality Check” budgeting app; and
- Cloud-based technology to modernize program administration and coordination with volunteers and teachers.
“Gen Z is set to be the largest generation in Canada and already wields significant buying power. They care deeply about financial literary and the links between effective money management and overall well-being,” said Neil Parmenter, president and CEO, Canadian Bankers Association. “With ongoing shifts towards self-service, automation and 24/7 availability of apps and digital banking, teaching financial literacy to young people in a creative, easy to understand and engaging way is critical to helping them build bright financial futures.”
Developed in collaboration with the Financial Consumer Agency of Canada, Your Money Students is a centerpiece of the CBA’s financial literacy efforts and is delivered in English and French by volunteer bankers in their communities. The seminars are designed specifically for Grade 10-12 high school students to help them develop an understanding of responsible financial management as they prepare their transition to post-secondary education and enter the workforce.
Your Money Students covers essential financial basics such as:
- Budgeting – choosing your goals and working towards them;
- Saving and investing – the benefits of compound interest and saving for the future;
- Responsible use of credit – how to manage credit and avoid credit traps; and
- Keeping money safe – recognizing fraud in our increasingly digital world and how to avoid it.
Photo: Your Money Students by Canadian Bankers Association (CNW Group/Canadian Bankers Association).