Impact

Youth Financial Literacy Workshop

Imagine an elementary school gym with different activity stations, children moving around from one station to another, making imaginary dollars and spending or investing them; the place is buzzing and bustling, like a bee hive. Similarly, to the real world of money, this temporary imaginary world is in a state of constant momentum and excitement. The Financial Literacy Workshop will be a half day event that will give children ages 7-10 a chance to better understand the concept and value of money by engaging them, their parents and teachers in activities or tasks for which they will be getting paid in imaginary Canadian dollars. Subsequently, they will be able to make purchases and exchange these dollars for products and services, save it, or invest it and redeem some rewards later in the day. Each station will be manned by a Shaper (or parent/teacher/volunteer if need be) who will - depending on the nature of the station - be responsible for either explaining the task to be performed in exchange for money, or help children understand what is involved when they choose to spend money as opposed to invest or save them. The Ottawa Hub plans to roll out this project over the course of the summer 2018.