Finances

Finances Assignment Checklist

Complete, post, and publish all Finances unit assignments by [DUE: ] (35 marks)

- - Spending Habits Reflection (5 marks)
  - Comparison Shopping Reflection (5 marks)
  - Budget Project (20 marks)
  - My Financial Literacy Growth Reflection (5 marks)

19 Things Future Multimillionaires Do in Their 20s - Inc. - PocketNo matter how much you start out with, you'll be a lot richer in your 30s if you adopt these habits in your 20s.

Intro to Finances: CLE 11

Spending Habits Reflection: /5

•What are your spending habits?

•Do you make good choices and consider the value of the item? (even if your parents/guardians cover most of your expenses)

•Where do you get your spending habits from?

Tools

Check out these loan and interest calculators to help you make informed choices about debt

https://www.rbcroyalbank.com/personal-loans/loan-calculators.html

Reflection

After the RBC presentation, how are you feeling about your financial literacy? Do you know what you need to know to be able to plan your financial future and manage your savings and debt?

New ICBC Insurance Rate Calculation

Car Insurance expenses are being calculated using a new formula as of Sept 2019. Read the article to find out what will change for you and how it will impact your pocketbook.

ICBC Car Insurance Rate Calculator

https://change.icbcbusiness.com/tool/

Visit this site to estimate your monthly insurance costs. Be as accurate as possible for the best results.

OPINION | What financial advice would you give your 18 year old self? | CBC News I was recently asked this question by a parent of a graduating high school student so I thought I would share my answer.

Alternate Reflection

If you miss the RBC presentation, you should read the article at left and answer the following:

How do you plan to save money for your future goals? Do you have a plan in place? How does your savings plan work? Do you have savings from family/friends/etc;? If not, what is one way you can improve your savings plan to make sure you have some money put away for the future?

Comparison Shopping

We all have wants and needs, and managing our purchases can be complicated at times. How can we limit the emotional, impulsive influences on our financial decision making? Comparison Shopping is comparing reviews, features, descriptions and prices to similar products and making a decision based on the evidence we find. We can use it to reduce emotional bias in our decision making process. Complete the reflection activity below and post to your site.

Comparison Shopping activity

Budget Assignment

No matter how much money we make, we have to learn to manage it. Having a realistic idea of the costs associated with your lifestyle choices enables you to make good choices to balance income and expenses. The attached assignment is designed to help you estimate the costs of life after high school, but before you enter your career. For many of you, these will be some of the tightest times financially. Use this assignment as an opportunity to talk to your parents about how your family can support this transition period.

Budget Assignment

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