Financial Literacy for Students

Evoke Learning Financial Literacy for Students

Grade 11–Postsecondary

It’s so easy for young adults to fall into financial traps, and poor decisions about money can take decades to fix. Learning to manage their personal finances now means that students will be prepared when the time comes to set financial goals, follow best practices, and prevent and protect themselves against fraud and financial abuse. Understanding the fundamentals of budgeting, saving, debt, and investing is critical in every part of life, and students require the knowledge and skills for making sound financial decisions, engaging in good saving habits, budgeting, and building a solid credit score.

In high school, students need to develop an understanding of responsible financial management as they prepare for their transition to postsecondary education and enter the workforce. In an information-based economy, higher literacy and numeracy skills are associated with greater employment levels and higher earnings. The earlier we start, the more good habits we create.

Young Adults Are Always Online!

In 2020, the internet became a lifeline for many Canadians— it was where they worked, studied, stayed in touch with friends and family, and increasingly where they shopped. According to a 2014 study,Young Canadians in a Wired World, Canadian youth are making better judgement calls when it comes to protecting their online identities; however, they lack understanding in key areas of online privacy. Young adults spend a lot of time online where they are the frequent target of financial scams, such as merchandise fraud(marketing counterfeit goods) and invitations to invest in “great opportunities” (Ponzi schemes). It’s important for them to learn to protect themselves from financial scams and to be more aware of suchtraps.


Evoke Learning Financial Literacy

Financial Literacy for Neurodiverse Learners

Acquiring financial literacy can present many unique challenges for young adults with learning disabilities—including ADHD—who often face barriers to financial literacy.This program is especially helpful to individuals who are transitioning to postsecondary education and/or students with ADHD who may find managing finances particularly difficult due to challenges with procrastination, disorganization, and impulsivity. Evoke’s financial literacy curriculum includes examples, scaffolding, and multiple strategies for teaching financial literacy concepts in diverse formats and modalities.

Becoming Financially Savvy

Evoke’s financial literacy program will teach young adults to:

  • Create a personal budget
  • Learn how to save money
  • Understand how borrowing and credit work
  • Set financial goals
  • Understand the difference between want and need
  • Keep their money safe and protect themselves from fraud
  • Understand how to establish good credit and manage it
  • Make financial decisions
  • Understand how taxes work
  • Shop online wisely

FAQs

How long is the financial literacy program?

Evoke’s financial literacy program is delivered over 8 to 10 sessions, depending on the needs and goals of the student. As the program is delivered one-to-one and online, flexibility is offered in terms of the length of sessions and when they are delivered.

Does the program include resources that can be referred to at another time?

Students will be provided with access to additional resources to help them make financial literacy choices, budget and plan, review their credit score, invest, save, and more! Some of these resources include apps that are helpful for managing finances.

When is your program offered?

Students can participate in Evoke’s financial literacy program during the school year: however, some choose to engage in the program over the summer months, when school is finished. While it is always recommended to start sooner rather than later, some students choose to incorporate the skills into their overall plan to transition into the workforce, save for their postsecondary education, or transition to college or university.

Why is it particularly important for young adults with ADHD to learn financial literacy before adulthood?

As young adults transition into adulthood, the consequences of any kind of reckless spending habits can become more severe. ADHD touches every part of a person’s life, from school to relationships and financial health. Adults with ADHD are more likely to go into debt, impulsively spend, live paycheque to paycheque, and argue about money with their partner. ADHD is often accompanied by a lack of long-term planning and saving up, which can be extremely hard for people with ADHD because they expect big results right away. Lack of impulse control is one of the main characteristics of ADHD and adults with ADHD are far more likely to engage in risky financial behaviour. Impulsivity impacts financially struggling adults with ADHD the most and this can have a negative impact on both their emotional and physical well-being. Early intervention and learning can improve financial independenceand better money management for young adults with ADHD as they mature.

My childcompleted high school. They have ADHDandareunsure of what they want to do in postsecondary school, so theyare working for the time being. Would this program be helpful?

Absolutely! The leap from high school into young adulthood can be challenging for neurodiverse learners. Research tells us that individuals with ADHD can experience a three to five-year delay in brain maturation and executive function skills. This means they may not be developmentally ready to meet the demands of this transition, which may feel overwhelming. There is no one-size-fits-all approach to life at any age. All young adults benefit from financial literacy and although they may not be clear on what they would like to do in the immediate future, taking the time to think through what engages them, while at the same time establishing some personal and financial goals,will only benefit them in the long run.

Reviews

This tutoring has been a game changer for my son. The staff are fabulous; kind and patient with him and his learning needs. Highly recommend! And we love Lea!

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October 6, 2022

My son was diagnosed with ADHD-Combined, and we were very fortunate to discover Evoke Learning. Over the past 1.5 years, Evoke Learning has been instrumental in helping my... read more

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I worked with Richard at Evoke over several months and he was immensely helpful. Besides being professional and effective, Richard was very compassionate and empathetic. During my time working with... read more

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April 6, 2022

My son was diagnosed with ADHD plus an LD and he was having difficulty with his high school classes. After searching for tutors for my son and coming up... read more

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April 6, 2022

Our experience with Evoke has been fantastic. Everyone from the administrative staff, to the assessment staff to the tutors are incredible professional, and knowledgeable. The virtual experience was great, my... read more

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April 6, 2022

My name is Jessica and I’ve had Richard as my academic coach for the last 1.5 years. I am completing my Master’s and as someone with ADHD, I was very... read more

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April 6, 2022

I went to Evoke for several months for ADHD counselling. I had Richard Comeau, who was unbelievably helpful with improving my work ethic, organizational skills, motivation, and note taking/studying strategies.... read more

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The reading program at Evoke helped me feel empowered and strengthen my reading. This program truly has impacted my life in such a positive way. This program not only helped... read more

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April 6, 2022

I had the chance to work with Richard this year on improving my learning skills and over that time I've become a different person with a completely different mindset on... read more

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My 14 year old son has been working with Andrew for a couple of years to get help with math and science and he loves it so much my 16... read more

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I feel so much gratitude for the services of Evoke Learning. Our child developed reading skills during our time with Evoke which was a huge milestone. Dollar for... read more

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April 6, 2021

Kate is quite possibly the most helpful person I have worked with in the 20+ years of managing my ADHD. She is down to earth, intelligent, compassionate and truly incredible... read more

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I had the pleasure of being mentored by Richard. He taught me how to maximize my school performance, and to learn how to work with my ADHD and learning... read more

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Our daughter has learning disabilities and ADHD. When she began having difficulties during university, Kate Lloyd was recommended. Kate’s counselling was excellent and enabled our daughter to graduate... read more

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April 6, 2020

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April 6, 2020

As a Mom of a student with learning disabilities, I highly recommend the coaching and tutoring services of Denise Harding and the staff at both the Evoke Learning Aurora and... read more

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April 6, 2020

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April 6, 2020

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April 6, 2020

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April 6, 2020

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April 6, 2020

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April 6, 2020

I had the pleasure of working as a coach and mentor at Evoke Learning. I was very impressed with the quality of training I received by Kate Lloyd, and have... read more

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I would give 10 stars if I could! Kate Lloyd is amazing at what she does. I had always struggled to take tests through University and Graduate school so... read more

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April 6, 2020

We have had the greatest pleasure of Learning about Evoke. They have been phenomenal working along with my daughter. Denise was a great mentor for my daughter... read more

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April 6, 2020

My daughter has been with Evoke Learning and with the academic coaching program for two years. In that time, I can say that she’s really become much stronger in her... read more

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April 6, 2020

Great coaching services for students with ADHD and/or executive function deficits. Denise is organized, structured and holds her clients accountable for their 'homework'. I highly recommend Evoke to parents who... read more

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April 6, 2020

I can say both my boys used Evoke Learning to sharpen their study skills and benefitted from the coaching they received. I would recommend Evoke Learning when a child needs... read more

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