The ABCs of finance: How this Ontario teacher is preparing her students for the real world | CBC News


If you have been in highschool, did you find out about leasing a automotive, the pitfalls of payday loans or how finest to take a position your cash?

Amy Smith actually did not, and that is why now, as a math trainer at School Avenue Secondary Faculty in Woodstock, Ont., she’s invited numerous professionals with monetary know-how — together with a Realtor, a mortgage dealer, a monetary adviser and a automotive gross sales rep — to talk to her college students.

“I noticed I did not be taught this,” Smith stated. “I do not need my college students to have that mindset like, ‘Oh, I am signing a paper, however I actually do not perceive what I am signing for.'”

Smith has been instructing her college students about compound curiosity, investing and credit score scores, with the assistance of group specialists. She’s been specializing in shopping for and leasing automobiles along with her Grade 9 college students.

“I do know after I was youthful, I had no concept about leasing and proudly owning a automotive,” Smith stated. “I had questions like, ‘Why would I need biweekly funds as an alternative of month-to-month funds?'”

Amongst different issues, college students realized about mortgages, investing and tenant rights. (Submitted by Amy Smith)

Subsequent week a automotive gross sales consultant can be spending a while along with her college students to stroll them by the ins and outs of automotive possession.

Smith, who started instructing in 2012 and is wrapping up her first yr at the highschool, has additionally labored with her college students researching tenant rights, and she or he assigned them to interview tenants and landlords about their experiences.

By no means too early to avoid wasting

Smith’s Grade 12 college students have been studying about renting versus dwelling possession. Regardless of the new housing market, she believes her college students can nonetheless discover a manner into the market after they graduate, as lengthy as they begin saving now.

“It takes quite a lot of time and budgeting,” she stated. 

Trish Catton, a Realtor from London, Ont., spoke to Smith’s Grade 12 class this week.

Trish Catton, a Realtor based mostly in London, Ont., spoke to Smith’s Grade 12 college students in regards to the ins and outs of shopping for a house. (Lindsey Piette/Angelic Photos Images)

“I simply introduced it right down to fundamentals,” she stated, noting that they talked about down funds, inflation and fairness, and plotted out shopping for a house by numerous case eventualities.

“There was one child, he was so cute, he needs to be an investor,” Catton stated. “He needs to personal his first dwelling by 23 after which buy one a yr.” Catton stated she gave the scholar a duplicate of The Millionaire Actual Property Investor by Gary Keller.

“No matter we are able to do for our children above and past the curriculum is so advantageous and superior,” she stated.

“They’re tremendous into it,” stated Smith. who’s proud that her college students now perceive the distinction between a great credit score rating and a nasty one.

“They know who can get a mortgage and who cannot get a mortgage,” she stated.

“I am tremendous excited to see the place these children are going to go and … if it makes them much more financially secure than others.”


Leave a Comment