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money talk

Financial literacy pilot gets green light for select Alberta schools

Jul 13, 2020 | 1:03 PM

EDMONTON, AB – Come this fall, some students in Alberta will take part in a special course on money management.

The Government of Alberta has partnered with Enriched Alberta for an online program for students in Grades 10-12 in the 2020/2021 school year.

“We are excited to help empower teachers across Alberta to help students learn these essential life skills to manage their money,” says Enriched Academy President and Co-Founder Kevin Cochran. “Given the economic uncertainty today, there has never been a more critical time for all of us to understand saving, budgeting and investing”

The curriculum includes:

  • Money myths
  • Understanding credit
  • Where are you today?
  • Beginners stock market investing
  • Advanced stock market investing
  • TFSA vs RRSP
  • Investment properties
  • Budgeting

School authorities will have to apply to become part of the pilot.

Through a $175,000 grant from Alberta Education, as many as 4,000 students will take part.

Meantime, a $200,000 grant will enable Junior Achievement’s Southern Alberta and Northern Alberta chapters to collaborate on providing 4,500 more students with hands-on, experiential financial literacy, work readiness and entrepreneurship education, a release states.

“Junior Achievement is pleased to receive this support from government to increase financial literacy education to students across Alberta,” says Melissa From, CEO, Junior Achievement Southern Alberta. “JA has worked hard to provide experiential entrepreneurship, financial literacy and work readiness training in this province as a community-driven charity for over 60 years. This funding will support JA’s continued efforts to expand its reach so more students in rural and Indigenous communities can develop skills that are vital to thrive in our modern global economy.”

This portion of programming is applicable to students from grades three to twelve.

Teachers will also receive training in-person, through interactive online bilingual courses, tools, webinars, and live events.

School authorities must apply for each grant.

(With file from David Opinko/LethbridgeNewsNow)