Grade 8

Grade 8 Ontario Mathematics Curriculum – Financial Literacy Expectation(s)

Money Concepts:

1.1 Students will describe some advantages and disadvantages of the different payment methods that can be used when transferring money between currencies and exchange rates.

Financial Management:

1.2 Students will design a financial plan accounting for income, fixed and variable expenses, and taxes in order to achieve a financial goal.

1.3 Students will identify ways to maintain a balanced budget, and use appropriate tools to track income and spending.

1.4 Students will determine the growth of simple and compound interest at various rates using digital tools. They will be able to explain the impact interest rates have on their financial plans.

Consumer and Civic Awareness:

1.5 Students will look at different ways to get more value for their money when spending, such as sales and customer loyalty and incentive programs.

1.6 Students will compare interest rates, annual fees, and rewards and other incentives offered by various credit card companies and consumer contracts to determine the best value and best choice depending on the scenario.

Grade 8

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