Category: Alignment

Unit 5 – Final Reflection

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Before completing the course there is one more activity. This gives you an opportunity to reflect on the course and what you have learned so far.

Assignment

  • In a 200-300 word discussion post, please share an answer to at least one of the following prompts. This is for completion marks, not a grade.
    • Did anything covered in this course surprise you, and if so, why? 
    • Was there anything covered in this course that you disagreed with, and if so, why? 
    • Is there a topic you wish to learn more about? 
    • What, if anything, that you learned in this course do you see yourself using in the future?

Unit 4 – Saving and Investing

28 rules of investing for beginners | British GQ

Essential Questions

  • What accounts can be used to save money and how are they different?
  • What investment options exist? 

Learning Objectives

  • Identify the purpose of each type of Canadian savings account and how they are different. 
  • Describe the definitions of common investment terminology.

Please review all of the resources before completing your assignments.

Resources

Read Investing for Canadian Beginners

https://www.nerdwallet.com/ca/investing/investing-for-canadian-beginners 

Read Your Guide To Different Investment Options in Canada

https://techdaily.ca/investing-options-in-canada/ 

Watch 10 Money Mistakes to Avoid in Your 20’s

https://www.youtube.com/watch?v=deFEsbvfHxk

Watch TFSA Explained For BEGINNERS (EVERYTHING YOU NEED TO KNOW)

https://youtu.be/fcQVmZp0G-Y

Watch Should you use the TFSA or RRSP?? | Investing For BEGINNERS in Canada

https://youtu.be/Onji4mwQOE4   

Watch FHSA, Explained – Everything You Need To Know About The NEW First Home Savings Account For Beginners

https://youtu.be/YgV7cVLVLkQ

(Optional) Read First Home Savings Account (FHSA)

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account.html

Watch How to invest for beginners in Canada | Investing For Beginners 2023

https://www.youtube.com/watch?v=MAxz2RubIZA 

Assignments

  • Write a 300-400 word blog post outlining your choice of investing account/s that you will open and the rationale behind your decision.
  • Write a 200-300 word blog post reflecting on the video titled, “10 Money Mistakes to Avoid in Your 20’s.” Share your takeaways, areas of agreement, and any points of disagreement. Additionally, respond thoughtfully to two discussion posts from your peers on their blogs. Click here to see the list of class blogs.

Unit 3 – Credit Cards

Should You Use Your Credit Card Before It Arrives in the Mail? | TIME  Stamped

Essential Questions

  • How do credit cards work? 
  • How do I get a credit card? 
  • How do I read my credit card statements? 
  • How often should I pay off my credit card? 
  • What happens if I miss a payment or pay late? 
  • How do credit scores work, and why are they important? 
  • How does debt work? 

Learning Objectives

  • Learn how credit cards work and how to apply for them.
  • Analyze examples of credit card statements.
  • Identify why credit scores are important and how to improve a credit score.
  • Describe how and why debt accumulates.

Please review all of the resources before completing your assignments.

Resources

Read Credit Cards Overview (and Watch the video)

https://www.finder.com/ca/beginners-guide-to-credit-cards  

Read Reading a credit card statement (both links)

https://www.nerdwallet.com/ca/credit-cards/how-to-read-credit-card-statement 

https://www.cibc.com/en/personal-banking/credit-cards/how-to-read-your-credit-card-statement.html 

Watch Credit Scores

https://www.youtube.com/watch?v=AqfZsHf1bwk&pp=ygUWdGF4ZXMgZXhwbGFpbmVkIGNhbmFkYQ%3D%3D 

(Optional) Watch Introduction to Debt

https://www.youtube.com/watch?v=ho0V6Mhtvjo

(Optional) Read Considerations When Choosing a Credit Card

https://www.canada.ca/en/financial-consumer-agency/services/credit-cards/choose-credit-card.html  

Assignments

  • Write a 300-400 word blog post comparing the benefits and risks of owning a credit card. You can write about a specific credit card (different credit cards have different risks and rewards) or about credit cards in general.
  • Complete the “Analyzing credit card statements” worksheet below (if you need more guidance, CIBC: how to read your credit card statement might help you). Once done, email us a copy of the completed worksheet.

source: https://www.consumerfinance.gov/consumer-tools/educator-tools/youth-financial-education/teach/activities/analyzing-credit-card-statements/