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Financial Literacy

Financial Literacy. Lifelong Learning Centre Wednesdays, October 3 to 24, 2012 7:00 to 9:00 p.m. Gallery Room 106 Dr. Cyril Kesten Education 334, Faculty of Education Cyril.kesten@uregina.ca 306 585 4532. Debt. Good Debt Assets that increase in value

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Financial Literacy

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  1. Financial Literacy Lifelong Learning Centre Wednesdays, October 3 to 24, 2012 7:00 to 9:00 p.m. Gallery Room 106 Dr. Cyril Kesten Education 334, Faculty of Education Cyril.kesten@uregina.ca 306 585 4532

  2. Debt Good Debt Assets that increase in value Anything to improve your financial health Bad Debt Consumables Paying off debt get rid of high interest rates pay off bad debt first the psychology of debt payments

  3. Credit Cards $1000 balance 18% interest rate Only make minimum payments 153 months $1,115.41 interest http://www.getsmarteraboutmoney.ca

  4. Credit Cards http://www.creditcards.ca/

  5. Saving and Investing • Inflation – 2.3% December 2011 • Time Horizon • Risk • Diversification

  6. Canada Savings Bonds Canada Savings Bonds - Outstanding Series The rate for the outstanding CSB series listed below will carry the following rate: Year 1: 0.65% CSB S57, S63, S81, S87, S93, S99, S105, S111, S117, S123 Note: S75 matures on 1 February, 2012 Canada Premium Bonds - Outstanding Series The rates for the outstanding CPB series listed below will carry the following rates: Year 1: 1.00% Year 2: 1.20% Year 3: 1.40% CPB P6, P37, P49, P67

  7. Saving and Investing http://www.ratesupermarket.ca/savings_accounts https://www.tcufinancialgroup.com/Personal/Rates/Investments/ http://www.rbcroyalbank.com/products/gic/gic-interest-rates.html#nonredeemable

  8. CDIC http://www.cdic.ca/e/insuredWhere/insuredWhere.html http://www.moneyville.ca/article/526341--a-guide-to-cdic-deposit-insurance-protection

  9. RRSP and TFSA Registered Retirement Savings Plan Tax deduction going in Tax payable coming out Tax Free Savings Plan Tax paid going in Tax free coming out Unregistered Investments Tax paid going in Tax paid on income coming out

  10. Investment Income • Interest Income • Dividends • http://www.milliondollarjourney.com/how-investing-taxes-work-part-2-dividends-and-interest.htm • Capital Gains • http://www.milliondollarjourney.com/how-investing-taxes-work-part-1.htm

  11. The Stock Market

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