1 | Introduction

This handbook is a tool to help you help yourself. The purpose of sharing the handbook is to provide you (the reader) with information, tools, and resources to help you make informed decisions about your relationship with money. As our elders have taught us, when we are learning, it is important to look at the past, present, and future. We …

2 | Financial Literacy

What is Financial Literacy? So what is financial literacy anyway? It might be easier to understand if you think of financial literacy like financial fitness. When you are financially fit you are able to make informed choices about finances and you understand how your choices are going to impact your wallet and your life. People who are financially fit know …

3 | Cash Flow

What Are Some Potential Sources of Income? Income is any money that you get. It can come from a variety of sources. For example, a person can earn money through employment (including babysitting, yard work, and delivering papers), receive social assistance benefits or employment insurance, inherit a lump sum of money, sell something for cash, collect a pension, receive a …

4 | Money Traps

Short-term Loans or “Loans till Payday” Wouldn’t it be nice if money grew on trees? Then, whenever we needed some cash, we could just get it from the money tree. Although some businesses would like you to believe this is possible, money trees, unfortunately, don’t exist. People sometimes find themselves in a situation where they need some cash quickly. Perhaps …

5 | Budget

This section gives you a good understanding of what a budget is, shows you how to create one, and helps you stay on track once your budget is created. It is broken down into three subsections: Take the next step: 

6 | Credit

The Good, the Bad and the Ugly Side of Credit Cards Having a credit card is like walking around with a loan from your financial institution right in your wallet. This small piece of plastic means that you have an agreement with your financial institution. This agreement allows you to borrow money to pay for goods and services with your …

7 | Banking

This section provides an overview of financial institutions and how you can use them, with a focus on the value of saving and how to get started. It is broken up into two subsections: Take the next step: 

8 | Taxes

The Facts on Filing Income Tax Returns First of all, let’s address those misconceptions. “I’m status. I don’t pay taxes so I don’t need to file.” Well it’s not quite that simple. There are many considerations and the laws are always changing. The bottom line is, when in doubt; check it out! Call and talk to a Revenue Canada representative …

9 | Family Matters

How to Talk About Money with Your Partner Did you know that money is one of the top reasons couples argue? It’s no wonder people cringe when they know they have to have ―the talk. But the truth is, sooner or later, if you’re in a relationship, you will need to talk about money with your partner. Couples need money …