MonnaieMoneyFinancial Literacy Project

Our last event…

Workshop Program

RECAP from last workshop

Fighting Fraud (Part2)

- Money bills counterfeiting

- Cheque and money order fraud

BREAKTIME

Summertime savings

What did we learn?

TOPICS COVERED

- Budgeting, Income planning, real life unexpected situations, retirement

What have you done with the papers that we had distributed?

Have your changed some of your habits or paid more attention to your spending since the last workshop?

Fraud Prevention Month

Definition of fraud: Dishonest act done with the intention to dupe someone by cheating laws or regulations.

Millions of Canadians become victims of fraud each year. Knowing how to recognize a fraud is the best way to escape from it!

Types of Frauds

Identity theft (paper or internet)

Debit and credit cards

Fake money bills

Checks and money orders

Email or text messages

DVD Presentation

RECAP… What was the situation?

Tips and advice

Counterfeit bills

Cheques and money orders

BREAKTIME

Summertime Savings

Set Your Budget

In order to wisely save for your summer plans, you have to set a budget. Even though you may not have solid plans as of yet, start knowing what things cost and keep track of prices. Once you know how much you might be spending, you can start saving for the expenditure.

What kind of special activities do you enjoy during summer?

Make A Few Sacrifices

Not going out with friends to movies or clubs as much as you want to

Avoiding buying new clothing or shoes even if there are great sales to take advantage of

Delaying the purchase of electronic products until the Fall months

Making your own lunch or eating at home instead of at a restaurant with friends

Cook out. Using the stove or baking in the oven creates a lot of excess heat in your house and uses much electricity. Consider taking time to light up the barbecue grill outside so that you can keep your house cooler.

Dry laundry outside. If you have the ability to hang up laundry outside, let the sun and warm summer breeze do the drying for you. Even if you can’t hang up clothes outside, try partially drying your clothes and letting the air dry the rest.

Garden up. As summer begins , it is a perfect time to be on the lookout for plant sales. Growing up your own vegetables and fruits is not only healthier for the body, but it also save you money.

Enjoy the great outdoors. Try camping instead of booking a resort. It can cost a fraction of the cost of a traditional vacation and it will be an unique experience you will remember. Check National Park Services and look for a safe campsite near you.

Ditch Your Car. With rising gas prices and nice weather, how much money could you save if you walk, bike or carpool to work? This may take some adjustment and planning ahead to change habits but you will save money and get in a good work out. Nothing like doing groceries by bike!

Any other tips you can share with us?

Resources

Financial Consumer Agency of Canada (FCAC) http://www.fcac-acfc.gc.ca/eng/about/index-eng.asp

Autorité des marchés financiers (AMF) http://www.lautorite.qc.ca/en/consumers.html

Canadian Anti-Fraud Centre (CAFC) http://www.antifraudcentre-centreantifraude.ca/english/home.html

THANK YOU!/MERCI!

Connect With Monnaie Money

https://www.facebook.com/monnaiemoney

https://twitter.com/monnaiemoney

http://www.youtube.com/user/monnaiemoneycjecdn

http://pinterest.com/monnaiemoney/