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MONNAIEMONEY FINANCIAL LITERACY PROJECT
Newsletter My Priorities! My
Future!
June 21st, 2013
Financial literacy provides the foundation of saving and investing wisely. It is the basics for the responsible use of credit and money and the making informed financial decisions that can affect our families and our future. The MonnaieMoney Financial Literacy Project will provide fundamental tools for youth.
The objective of the project is to bridge the gap between what people know and what they need to know with respect to personal financial skills and provide opportunities for personal empowerment and enhanced self-sufficiency.
For the past four years the Carrefour jeunesse-emploi de Côte-des-Neiges and the Jamaican Canadian Community Women’s League of Montreal Inc. have been very active in promoting financial literacy to the wider community in the city of Montreal.
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MONNAIEMONEY JUNE 2013
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On Monday July 1st 2013 at the Kent Park, the Carrefour
Jeunesse Emploi de Côte-des-Neiges will be hosting
its famous Canada Day BBQ for the kids, youth, adults and seniors of the
Côte-des-Neiges area.
For your entertainment, this festive
community event will feature on stage up to 20 local artists from various
cultural backgrounds, including: Young Soul,
Celebrating our country and unity…
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Chaos, Emily, Cristine Toca, Balkani, Zina Edwards, Pink
Frog, A Chosen Few, Gedian Fyah & NoBadSound.
Free BBQ burgers and hotdogs will be served from
12pm as well as smoothies as the entire park will be invited to
enjoy the urban music of well known DJ’s: Little Thunder,
James Bond, Parish, Don Smooth, Johnny Black &
DJ20/20.
The event will be an opportunity to eat and drink to
celebrate Canada’s birthday
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and come together as a community.
If you haven’t made any plans for Canada Day
yet, put the annual Monnaie Money Canada Day BBQ in
your agenda.
We are expecting over 3000 residents to show
up and enjoy this holiday with us. Don’t miss it!
MONNAIEMONEY JUNE 2013
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Whether it be your first day on a school campus or receiving it in your mailbox, you are bound to get credit cards applications. Although it may be tempting to
fill out and submit the applications, you have to think to yourself, “Do I need a credit card and the responsibilities
that goes along with it?” .
Depending on your financial situation, acquiring a credit
card can be an asset or a burden. In either case, it is
vital to remember that having access to a credit card does not
translate into free money.
In order to avoid the problems associated with using credit cards, here are three tips to consider to be smart when it comes to buying with plastic
money.
Tip #1: Know What Kind Of Consumer You Are
This tip is the most essential piece of advice to follow when
it comes to using a credit card. If you find yourself buying items out of sheer
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impulse, then you may want to consider leaving the credit
card at home until you really need to use it. If you are more caution consumer, then you can have the card in your
wallet to use when needed and if you have money in the bank
to pay your bill.
Tip #2: Have Money In The Bank
Credit cards should be used as a convenience tool and not as a
financing tool and thus you should have money in the bank to pay the bill when it is due, regardless of the amount. If you are unable to pay the bill
in 3 installments (with interest), then you should not
be purchasing the item. Remember, just paying
the minimum amount continuously is not sufficient enough if you want to be a
smart credit card user. Consider using your
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debit card instead since your money from your account
will be used for the purchase.
Tip #3: Know When You Will Be Using It
As the world moves rapidly to cashless society, we are pushed to use credit and
debit cards. As a result, we must be careful about when
they are used. Attempt to use it when cash payments are
impossible such as buying on the web or paying for a
monthly amount for a service that you deem essential such as a cell phone bill. (If you are paying monthly for a
service with your credit card, be sure that the amount is already allocated in your
budget.)
For more tips, visit: http://www.monnaiemoney.com
Credit Card Management: It Is All About Being Smart
MONNAIEMONEY JUNE 2013
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Canadian Coupon Sites Where to find coupons online…
Save.ca - Anything from bread to peanut butter to detergent, all in one easy to use website. Rabais Extreme - Coupons québécois. BrandSAVER - For only Proctor & Gamble products. Grocery Alerts Canada - Helping Canadians save money on groceries with Canadian coupons and grocery flyer deals. SmartCanucks - Canada's Shopping Bargains, Freebies, Deals, Offers, Flyers, Coupons, and Contests Forum. DealStreet.ca - The largest collection of deals, flyers, coupons and shopping advice and tips in Canada. Valpak - Local coupons and deals, grocery coupons, merchant reviews and more! CouponCraze Canada - Easy for consumers to save money and get the best deals every time they shopdeals every time they shop.
Carrefour Jeunesse-Emploi de Côte-des-Neiges 6555, Côte-des-Neiges, # 240 Montreal, Quebec, H3S 2A6 Jamaican Canadian Community Women’s League of Montreal, Inc. 5465 Queen Mary Rd, # 300 Montreal, Quebec, H3X 1V5
UPCOMING COMMUNITY EVENT…
Join us for a free barbecue and some financial knowledge!
Brian Smith, MonnaieMoney Project Coordinator (514) 342-5678 ext. 228 / (514) 817-3941
From 10 am to 1pm!
DATE: July 1st, 2013