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)
Watch Should you use the TFSA or RRSP?? | Investing For BEGINNERS in Canada
Watch FHSA, Explained – Everything You Need To Know About The NEW First Home Savings Account For Beginners
(Optional) Read First Home Savings Account (FHSA)
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.