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JA Dollars With Sense. Lesson 1: Let’s Talk Money. Lesson 2: Be A SMART Shopper. Lesson 3: Look After Your Money. Lesson 4: Make Your Money Work. Overview. Introductions. Expectations. Wrap Up. Lesson I: Let’s Talk Money.
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Lesson 1: Let’s Talk Money Lesson 2: Be A SMART Shopper Lesson 3: Look After Your Money Lesson 4: Make Your Money Work Overview Introductions Expectations Wrap Up
Lesson I: Let’s Talk Money Let’s say you have $100 and you have a choice today between buying 20 shares at $5 each in a very rapidly growing & highly successful software company, saving the money or buying a video game that you really want. What would you choose to do with the $100? Why?
Exploring Methods of Payment When we say ‘cashless society’, what do we mean? Debit Card Credit Card Cheque Electronic Funds Transfer Stored Value Card
Be Credit Card Wise What purchases do people often buy on credit? Why? When is buying on credit a good decision? When is it a poor decision?
Discussion • Why is ‘money’ such an interesting topic? • What are some of the challenges facing us as we move to a more ‘cashless’ society? • How does knowing the best method of paying in different circumstances help us to be better money managers? • What are some things we need to consider before making a purchase? • What security measures do you need to take when using cash-less methods of payment?
S M A R T Are You A SMART Consumer? Stop & Think Make A Plan Ask Questions Review Information Take Action
Lesson 3: Be A SMART Shopper Why Do You Buy The Things You Buy? VS. NEEDS WANTS
Lesson 3: Look After Your Money How do you think you will get the money you need to meet your short term & long term needs & wants & accomplish the long term goals you have? How do you make money now? Do you know what a Budget is? What does it mean when a budget is: 1) Balanced 2) Surplus 3) Deficit
http://www.practicalmoneyskills.ca/personalfinance/savingspending/banking/tutor.phphttp://www.practicalmoneyskills.ca/personalfinance/savingspending/banking/tutor.php
Personal Investment Choices Imagine you have $1,000 to put into an investment for yourself. Decide how you would invest the money to best meet your personal financial preferences. Canada Savings Bonds Mutual Funds GIC (Guaranteed Investment Certificate) Stocks Savings Account
Wrap Up Thank you very much for your time and cooperation today!