Be sure to fully investigate the listings below to find the camp that’s the best fit for your child. Many financial literacy camps have limited space, so consider registering your child as soon as possible. You can also learn about other options for your child, in the content below the list.
Find financial literacy camps near you
There are financial literacy camps across Canada that teach the basics and more advanced features of financial literacy. Find your city in the list below, and find financial literacy camps near you.
What financial literacy camps teach
Financial literacy camps, broadly, focus on the issue of finance. They cover a wide range of topics, though. Here are just a few examples:
- How money works in the real world
- Managing money: spending and saving
- The value of money
- Differences between financial wants and needs
- How credit works
- How taxes work
- How to make money grow
- Investing money
Kids and teens with an abiding interest in financial literacy, who want to explore this topic throughout the year will benefit from programs that take place at different times of the year. These include
After-school financial literacy programs give kids an opportunity to learn outisde of school hours.
Financial literacy day camps are the most popular way of taking part in a camp like this.
Overnight financial literacy camps offer kids and teens a weeklong (or longer) immersion.
Why go to a financial literacy camp?
Financial literacy camps help kids and teens explore their interest in finance and the economy, help them clarify their future goals, and can even give them a head start on a career track. Here are some other reasons financial literacy camps are appealing to many, and why you should explore the full variety of financial literacy camps. To read about the benefits of camps in general, read our guide.
Learning opportunities: Your child will learn about various topics related to financial literacy (see above). They’ll be able to turn what may be an interest or a passion into knowledge that’s important, practical, and may lead to future opportunities.
Meet other kids with similar interests: At camp, your child will meet others who share their interest in money matters. They’ll be able to interact, work, and bounce ideas off other kids. They may even make some new friends.
See financial experts in action: Many camps expose kids to real world financial practicum, taught by finance experts already engaged in their field of interest. They may visit with, or be taught by, financial investors and analysts, accountants, stock brokers, economists, and others.
Learning about financial technology and tools: Your child will be exposed to a variety of media and tools to help them learn about money and eventually work with their finances. They may learn to use such tools as
- Income tax software
- Interest calculators
- Financial goal calculators
- Mortgage qualifiers
- Credit card comparisons
- Financial assessment quizzes
Career trajectories in finance
Finance is an extremely broad field of study, and there are many jobs in finance. While it would be impossible to survey the entire landscape, we highlight some possible careers one might pursue with a background in finance (source: balancecareers.com).
Financial planners crunch numbers and apply principles of accounting to devise plans for investors. They also need to inspire trust in people and promote their services. According to the Bureau of Labor Statistics, personal financial advisors earned an average of $88,890 in May 2018.
Financial analysts research stocks, bonds, companies, and industries to assist bankers, investors, and corporate finance officers. They build financial models and conduct complex quantitative analyses. According to the Bureau of Labor Statistics, financial analysts earned an average salary of $85,660 in May 2018.
Budget analysts apply principles of finance to projects and proposals in the business, educational, governmental, and not-for-profit sectors. They analyze budgets and evaluate the financial impact of ventures and opportunities. According to the Bureau of Labor Statistics, budget analysts earned an average salary of $76,220 in May 2018.
Actuaries play a leadership role in financially-oriented businesses such as insurance, banking, rating agencies, and accounting firms. They use sophisticated software to perform calculations and represent their findings. According to the Bureau of Labor Statistics, actuaries earned an average of $102,880 in May 2018.
Credit analysts evaluate the financial standing of loan prospects and assess the risks involved with offering them financing. According to the Bureau of Labor Statistics, credit analysts earned an average salary of $71,270 in May 2018.
Questions to ask financial literacy camps
Explore listings on our site to find a wide variety of camps. To learn more about these camps, you can meet many of them at the Toronto Camp Expo. There, you can meet the directors of financial literacy camps face-to-face, ask them whatever concerns or questions you have, and learn what you need to know.
Here are some questions to get you started:
- What level or age group is your camp intended for?
- What topics do you cover?
- Who are your instructors and what are their credentials?
- What is your method of instruction?
- What skills and knowledge can my child expect to acquire?
- What other programs do you have that might interest my child?
Find more tips on choosing a camp in our advice section:
Sources and further reading
Financial Literacy for Kids, National Financial Educators Council
Seven Lessons to Teach your Kids about Financial Literacy, Chartered Professional Accountants of Canada
How to Teach Kids about Money, Money Prodigy
Best Jobs for Graduates with a Finance Degree, The Balance Careers