MONNAIEMONEY.COM FINANCIAL LITERACY PROJECT

Newsletter My Priorities! My Future!

Get Informed!

SEPTEMBER 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

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.

Content

1

2

3

4

Connect With Financial Literacy 2013

MONNAIEMONEY.COM SEPTEMBER 2013

2

Winning Ideas!

The Carrefour jeunesse-emploi de Côte-des-Neiges and the Jamaican Canadian Community Women’s League of Montreal Inc. proudly presents the Monnaie-Money Financial Literacy Video Contest.

Participants will be invited individually or as a team to submit a video on the theme of financial literacy. The video must be at least 2 minutes and a maximum of 3 minutes. The concept must be clear and represent a situation in regards to financial literacy and personal finance. Participants will have the freedom to choose their own style. It can be comedy, satirical or very serious. Originality will be one of the criteria that will be judged upon. The youth participating must be between 12 and 35 years old and must be residents of Quebec.

Prizes offered will include an I Pad 4 and a cash prize, Laptop computer, video camera, digital camera and gift cards. The contest will end on October 25, 2013. Winners will be announced on November 14, 2013 during Financial Literacy Month.

This activity is made possible with support from the Autorité des marches financiers Education and Good Governance Fund (EGGF), TD Financial Literacy Grant Fund, the Borough of Côte-des-Neiges- Notre Dame de Grâce, J. Armand Bombardier Foundation, Foundation of Greater Montreal, Telus Community Investment Montreal, Standard Life, ING Direct and the Foundation of Greater Montreal

For more information visit www.monnaiemoney.com or our Facebook Page and Twitter Page Facebook.com/Cjecdn M Monnaie and twitter.com/monnaiemoney.

Source: Mr. Brian Smith, Project Coordinator, 514-342-5678 ext #228

514-817-3941 ou 514-486-5704

MONNAIEMONEY.COM SEPTEMBER 2013

3

For Credit Education Week, participate in an essay contest to encourage young people to become aware of their financial decisions. High school students from secondary 5 are invited to submit an essay of 1000 words describing their dumbest decision with money and what they learned from it.

ELIGIBILITY: To enter and be eligible to win, you must be a legal resident of Canada enrolled in a Canadian high school secondary 5 level full-time program throughout the Competition Period.

WRITE AN ORIGINAL ESSAY – Write an original essay describing the dumbest thing you’ve done with your money and what you learned from it (the “Essay”). The Essay is not to exceed 1000 words.

SUBMIT YOUR ENTRY – Submit your entry online at CEWC.ca

For more information please see; www.cewc.ca

MONNAIEMONEY.COM SEPTEMBER 2013

4

“ Connect with

Financial Literacy 2013”

The Carrefour jeunesse-emploi de Côte-des-Neiges and its financial literacy partners will be hosting a Financial Literacy Promotional Day Event on Friday November 22, 2013 at the Bibliothèque et Archives nationales du Québec located at 475 Boulevard de Maisonneuve East Montreal. The purpose of the activity is to increase the awareness of financial literacy to the general public across the province of Quebec. The event will consist of promotional booths of financial literacy partners and key stakeholder in the field of financial literacy. Several organizations that have made special contributions to financial literacy will be highlighted. The day will end with a panel discussion on financial literacy with specialists from the financial industry.

If you have any questions please feel free to contact Brian Smith at (514) 342-5678 ext. 228 / (514) 817-3941 or via email at brian.smith@monnaiemoney.com

www.monnaiemoney.com https://twitter.com/monnaiemoney

https://www.facebook.com/monnaiemoney

Connect with Financial Literacy

MONNAIEMONEY.COM SEPTEMBER 2013

5

It has been a long and hot summer in Montreal. Whether you have taken a few weeks of vacation or worked your first summer job, you probably changed your consumption patterns for food, clothing and entertainment. Unfortunately, in a few weeks, we will be heading into the fall months in which some of us will have to invest in such things as tuition and other school fees, transportation and school supplies. This being said, it is never too late to start saving money for items that will be needed in a few weeks or the months ahead. Here are 6 tips to consider.

Tax Yourself

If you have a

summer job an

d will be

ending it in t

he next few months,

considering im

posing a monetary t

ax

on yourself. By

taxing yourse

lf, you

can set aside

money when you

get paid

for upcoming expen

ses. This requ

ires

you to be disc

ipline in term

s of not

spending the m

oney that you have

saved until th

e right time v

ersus

buying an item o

n an impulse.

1

Research what you need

An informed shopper can always save money with the right approach. Primarily, you should take stock of what you need and then use the web to research such things a price, quantity and other consumers’ opinions.

If you are a student preparing to go back to school, you may want to use a variety of sites such as Kijiji, eBay, and Amazon to beginning looking for things that you will need during the fall.

In addition, start looking into second-hand textbooks that you will be using for classes if you know the courses that you will be taking.

If you decide to wait until the first day of the class, there is a small chance that the book will be available at a reduced price and in turn, must be purchased at the regular bookstore price.

Start couponing shopping With the variety of couponing sites

on the internet, you are able to

save money on certain items for the

fall months. From clothing to

school supplies, e-couponing

requires finding the right site and

clipping the coupons for your

future needs. (For a list of e-

couponing sites, please visit the

Monnaie Money website.)

2

3

MONNAIEMONEY.COM SEPTEMBER 2013

6

Buy In Groups

If you know a group of friends that are interested in the same item, why not buy as a group. Using websites such as Groupon and Teambuy, you can benefit from discounts on clothing, beauty products, household items and restaurant deals. Keep in mind that offers that are available on these websites have an expiring date attached to them.

4

.

Buy Now and Save Later

Need a laptop computer? A new backpack? Although it is the middle of August,

you

should start to identify stores that are going to have “back to school” specials.

Some stores will attempt to get ahead of their competitors by offer

ing sales weeks

before the official “back to school” date. If yo

u are shopping around for

electronics, do not be shy to ask if a store will be having a sale before s

chool

opens and what price will the item be offered at and for how long.

Make A Few Sacrifices

Being aware of what you have to buy in the fall months, you might have to make a few sacrifices in terms of curbing your late summer expenditures. This might entail not going out with friends as much as you wish to or waiting until a certain piece of clothing is on sale. The sacrifices that you will be making might be difficult to manage especially if it affects your social life, however; they will pay off in the future when you have to make the necessary expenditures in the fall.

As the weather changes, so do buying patterns. In order to deal with spending for the fall, individuals must be prepared to find the means to save money as summer comes to a close.

For more tips, follow MonnaieMoney on Twitter at

https://twitter.com/monnaiemoney

Bio:

Ian Smith is a social media marketing strategist and competitive intelligence

researcher. He has written several articles on the topics of digital

marketing and strategic intelligence gathering tools and techniques for the

past 15 years. He contributes articles

dealing with financial literacy topics

based on his personal experiences.

6

5

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, # 330 Montreal, Quebec, H3X 1V5

For more information, contact: Brian Smith, MonnaieMoney Project Coordinator (514) 342-5678 ext. 228 / (514) 817-3941

Welcome to our new sponsors!