Activity 1.2 | Managing and Leading in the ECE sector

Financial Management

A plant appears to grow out of a pile of coins

Financial management is a crucial aspect of leadership for Early Childhood Educator (ECE) managers as it directly impacts the sustainability and success of educational programs.

As ECE leaders, understanding and effectively implementing financial management practices is essential for providing a stable and thriving learning environment, controlling resources to achieve organizational goals, developing curriculum, training and paying staff, and maintaining the facility.

The Financial Consumer Agency of Canada (2023) shared an eLearning video on the basics of budgeting to help Canadians understand some core budgeting concepts. Watch the video How Do I Prepare a Budget? to support you in considering basic financial management aspects as an ECE manager.

Reference

Financial Consumer Agency of Canada (2023). How do I prepare a budget? https://www.canada.ca/en/financial-consumer-agency/services/financial-basics/financial-basics-videos/financial-basics-video-budgeting.html