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JA Dollars With Sense

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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JA Dollars With Sense

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  1. JA Dollars With Sense

  2. 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

  3. 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?

  4. Lesson I: Let’s Talk Money 5 minutes to complete You and Your Money Page 2

  5. Exploring Methods of Payment When we say ‘cashless society’, what do we mean? Debit Card Credit Card Cheque Electronic Funds Transfer Stored Value Card

  6. 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?

  7. 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?

  8. S M A R T Are You A SMART Consumer? Stop & Think Make A Plan Ask Questions Review Information Take Action

  9. Lesson 2: Be a SMART Shopper Know Your Consumer Rights page 12 False False False. Not necessarily. True False True True. Unless they have posted a correction notice. False 9. False. 10 – 15% is correct but you don’t have to tip 10. False 11. False 12. False 13. False. Food is an example of an exception. 14. False 15. True

  10. Discussion • Why is it important to know the difference betweens needs and wants when shopping? • What are some of the areas in your spending habits that you will look more closely at now you are more aware of your spending habits? • What are the most influential factors that influence your spending? • How can the SMART consumer process help you to filter our the factors that currently influence your spending in a negative way? • Why is it important to know your consumer rights and responsibilities?

  11. Lesson 3: Look After Your Money Why Do You Buy The Things You Buy? VS. NEEDS WANTS

  12. Lesson 3: Look After Your Money Do you know what a Budget is? What does it mean when a budget is: 1) Balanced 2) Surplus 3) Deficit

  13. A Project Budget Income Expenses Subtract Expenses from Income to find Net Income or Loss

  14. Know About Cheques

  15. Discussion • Why is it important to think about & distinguish between our needs, wants, and goals if we want to become good money managers? • Why are budgets helpful as we plan for our future? • Once you have but together a budget, how do you used a budget to help you manage your money? • What are some of the ways we need to be careful in looking after our money?

  16. Lesson 4: Make Your Money Work INVEST

  17. Investment Terms INVEST • The money paid to the government. • The investment and how it works are easy to understand. • The ease of getting my money when I need or want it. • The amount I gain by investing my money. Taxes Simplicity Liquidity Return

  18. Investment Terms INVEST • Things like a stock market crash or boom that might affect my investment. • I can decide the way my money is used. • The chance that I will lose my money. • Putting my money in several different investments to protect me from losses. • The percentage by which my money grows. Outside Factors Control Risk Diversification Rates of Return

  19. 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

  20. The Investors Game

  21. Discussion • Why are investment choices a ‘personal’ choice? • What are some of the factors you need to consider when making investment choices? • What sources of information are available to help investors make good choices? • How do changes in market conditions impact on investments?

  22. Money Bingo

  23. Wrap Up Thank you very much for your time and cooperation today!

  24. JA Dollars With Sense

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