Mobile App aimed to help students learn good financial management

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Clyde Jackman— Telegram file photo

A mobile web-based application that encourages financial literacy and will be used in the province’s career education curriculum was launched this morning in St. John’s.

The FYI Expense Tracker application was developed by Enactus Memorial (formerly known as Students in Free Enterprise, or SIFE), in partnership with the Newfoundland and Labrador Credit Union.

“This application is designed to help students learn to prepare budgets, keep track of expenses, avoid large debt and generally live within their means,” Education Minister Clyde Jackman said in a news release.

“It will complement the existing career education curriculum by reinforcing the fundamentals of financial management — something we expect will benefit students far beyond their school years. It’s a great resource, and I encourage schools to use it as part of career education instruction.”

Linked to specific curriculum outcomes for the intermediate and senior high career education curriculum, the FYI Expense Tracker can also be viewed on computers, iPads, or interactive whiteboards in the classroom.

 “The purpose of the Enactus Memorial FYI project is to encourage students to think seriously, and critically, about their financial futures,” said Jessica Fleming, project manager, Enactus Memorial. "The FYI Expense Tracker is a simple, user-friendly mobile web-based application that puts a new twist on teaching budgeting and financial literacy.”

Career Development 2201 is a course required for high school graduation which provides information and skills to enable students to make informed decisions about their future careers. This year, a Career Development module was introduced at the intermediate level to help Grade 9 students begin planning their personal and career goals.  

 

Organizations: Free Enterprise, Newfoundland and Labrador Credit Union

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Recent comments

  • Coco
    February 04, 2013 - 11:11

    Good idea. Don’t quite know what to make of the “avoid large debt” concept being as how it’s a bit late for that since Minister Jackman’s regime just borrowed multiple Billions of dollars for every current and future student in the province to pay back. We all need to “prepare budgets, keep track of expenses, and generally live within our means” to try and get our payments in on time and in full over the next 35 to 50 years. But the mobile app will be a big help. Yup. Thanks. Thanks a lot.

    • Stu
      February 04, 2013 - 18:00

      I think it is pretty clear that the application is developed for the province's students, and not Minister Jackman's office. It is a good initiative by the group at Memorial and the Credit Union, and thats what the comments should be on, as opposed to expressing our own personal vendettas against the Government.

  • stann
    February 04, 2013 - 09:57

    Is this some kind of Monday morning joke???? The Dunderdale gov. and fundamentals of financial management. ANother pill please

    • RM
      February 04, 2013 - 10:31

      The Dunderdale government never had anything to do with this app, it was designed and coded by MUN students with help from the Credit Union, all the government did was make a statement about it