An Online Learning Program
Empower clients of all ages with practical money management skills. Through this fun, interactive online learning tool, participants will learn all the basics of managing money, from opening a bank account and reading their pay slip, to developing a budget and saving their money.
This program includes five training modules featuring animated sequences that bring financial issues to life such as coping with credit and debt problems.
The modules are:
- The Paycheque Checklist: Describes the forms, deductions, payment methods, health benefits, etc. that are involved with employment.
- The Value of the Vault: Includes banking basics, opening accounts, completing transactions, and more.
- The Dirt on Debt: Describes various forms of borrowing, interest and time calculations.
- The Balancing Act: How to keep track of the ins and outs, income and expenses, and how to create a personal budget plan.
- The Big Save: Ways to save, benefits of saving, the importance of paying yourself first.
Facilitators note that the interactive model is very effective. Animated stories, quizzes and online budgeting tools reinforce the information. The language level is at a grade 8 or 9 level. Subject matter that often puzzles university graduates is made accessible to all. The flexibility and accessibility of the design requires little facilitation and engages clients.
"We have books on budgeting in the resource centre but many clients are not as likely to pick up a book and pen and paper so having a program like this online is a real bonus."
The program works very well as a supplement or stand alone resource. An online facilitators' guide provides learning objectives and a program overview. A glossary of terms and other resource references are components of each online module.
Your Money Matters is also an ideal tool for working with newcomers to Canada to orient them to Canadian financial literacy information. A CLB assessment determined that clients who have achieved CLB Level 6 can use the Your Money Matters with minimal intervention and recommended that ESL instructors incorporate this tool into teaching curriculum for levels 3, 4, and 5 with greater facilitation.
LICENSE FEES
ASPECT Members
- Agency annual site license for 0-75 computer terminals - $395
- Additional sites $200 p/ site
- Agency annual site license for 75+ computer terminals $450
- Additional sites x $250 p/ site
Non-Members
- Agency annual site license for 0-75 computer terminals - $550
- Additional sites x $350 p/ site
- Agency annual site license for 75+ computer terminals - $650
- Additional sites x $495 p/ site
To Order
Mail or fax the License Agreement to ASPECT or purchase online
Your Money Matters Privacy Statement
Questions about Your Money Matters? Contact Kathryn Dafos at 250.382.9675 ext. 228
Financial Literacy News…
Young Canadian saving less that their parents, survey suggests...
Young Canadians are saving less than their parents and grandparents did at the same age, with young men being the worst at sticking to a budget, according to the results of a new survey.The TD Canada Trust study released September 30, 2009 suggests 80 per cent of Canadians found saving money "too hard" and that young people between the ages of 18 and 34 were more interested in saving for a house than for retirement. Read the article...
Where has the Money Gone: The State of Canadian Household Debt in a Stumbling Economy
In the winter of 2008, the Certified General Accountants Association of Canada (CGA-Canada) embarked on a consumer survey on the topic of household debt and consumption in Canada. It revealed that household debt is at an all-time high reaching $1.3 trillion in 2008. The majority (58%) of survey respondents with rising debt said that day-to-day living expenses are the main cause for the increasing debt. Sixty-five percent (65%) felt that debt limits their ability to reach financial goals in at least one of the critical areas of retirement, education, leisure and travel, or financial security in unexpected circumstances. Read the report...
Moving Forward with Financial Literacy
On September 9 and 10, 2008, Reaching Higher: Canadian Conference on Financial Literacy was held in Montréal to highlight the effectiveness of current Canadian financial literacy efforts and to examine international strategies. This report provides highlights from the conference presentations under four broad themes: effectiveness of interventions to date; lessons learned in Canada; lessons from other countries; and ideas for the way forward. Read the report…
British Columbia Asset Building Collaborative
The BCABC is a collaborative of asset building practitioners and other stakeholders committed to working together to advance the asset building approach to individual and community economic development in British Columbia. The BC ABC subscribes to the Sustainable Livelihoods Model definition of asset building that includes the recognition and development of a wide range of assets such as adequate affordable housing, healthcare, childcare, transportation, healthy food, job skills, self confidence, community support networks, financial capability, savings and financial assets. Learn more…
Financial Literacy: Lessons from International Experience
A 2007 study by CPRN for the Financial Consumer Agency of Canada finds that difficulties with financial literacy - the ability to understand, analyze, and use information about financial decisions in day-to-day life - affect Canadians at all income levels. Read the report...
SEDI announces Canada's first Centre for Financial Literacy
Toronto, March 19, 2008 - Social and Enterprise Development Innovations (SEDI) today announced that it is developing Canada's first Centre for Financial Literacy. The centre will help build and develop a national strategy for financial literacy in Canada. Read more…
"It's time for Canada to make financial literacy a national priority," said Peter Nares, SEDI's founding Executive Director. "SEDI's Centre for Financial Literacy will be a hub of knowledge and action where government, private and citizen sector organizations will work together to find innovative solutions to the challenges of money management and how it relates to poverty." Read more…
