Financial Literacy


About the Financial Literacy Program:

We are very excited to partner with Each One Teach One (EOTO) to give our employees, members and community the tools to succeed financially!

At Access Credit Union we are committed to strengthening the communities in which we work, live and play. Providing financial literacy workshops empowers employees and members of the community to make good financial decisions while supporting two of our co-operative principles - education and concern for community.

We now offer 17 different financial literacy workshops to help increase financial knowledge and prepare others for life's biggest events. There are workshops available for all age groups, demographics and knowledge levels with topics ranging from basic banking and budgeting to debt smarts to homeownership readiness.

Our highly trained staff can administer 60 - 90 minute workshops to your school, business or organization. All workshops are delivered in plain language, without any ties to products or services and with the sole goal of empowering individuals to make the right financial decisions for themselves and their families.

Please find a complete workshop listing with a brief description listed below. For more information or to schedule a workshop, email financialliteracy@accesscu.ca.

EACH ONE TEACH ONE WORKSHOPS:

01 - INTRODUCTION TO BASIC BANKING

  • How to choose the right bank account for your needs
  • How to make interest work for you — not against you
  • Ways to reduce your account and transaction fees

02 - INTRODUCTION TO BASIC BUDGETING

  • What a budget is and why should you create one
  • Tips to help you reach your financial goals
  • Ideas to help you adjust your spending

03 - WHY FILING TAXES IN CANADA IS A GOOD IDEA

  • How income taxes are used
  • Why it makes sense to file your tax return, even if you don’t owe money
  • Benefits available to lower-income tax-payers in Canada

04 - CREDIT CARDS AND PREPAID CARDS

  • Advantages and disadvantages of credit cards and prepaid cards
  • Important things to look for in a prepaid card agreement
  • How to figure out the real cost of using credit and prepaid cards

05 - LOANS YOU DON’T WANT

  • How to calculate the real cost of ‘bad’ loans
  • What you should know about payday and pawnshop loans
  • The real cost of using credit card cash advances

06 - LOANS: COSTS AND OBLIGATIONS

  • How to decide what kind of loan is best for your needs
  • How to understand payment terms and obligations
  • How interest is calculated and why it matters

07 - DEBT SMARTS

  • Tips to manage your debt
  • When it makes sense to get a consolidation loan
  • The difference between consumer proposal and bankruptcy

08 - BUILDING A HEALTHY CREDIT HISTORY

  • Why your credit history matters to you
  • Simple steps to build a good credit score
  • What to do if you need to get yourself out of financial trouble

09 - IDENTITY THEFT AND FRAUD PREVENTION

  • How thieves steal and use your personal information
  • Tips to keep your financial and personal information safe
  • What to do if you’re the victim of fraud or identity theft

10 - RRSPs AND TFSAs

  • The benefits of using RRSPs and TFSAs
  • How to decide whether to invest in an RRSP, a TFSA or both
  • The different kinds of RRSP and TFSA products (with no sales pitch!)

11 - INTRODUCTION TO REGISTERED EDUCATION SAVINGS PLANS (RESPs)

  • What an RESP is and how they work
  • How to decide what kind of RESP is best for your family
  • Free money to help grow your RESP

12 - UNDERSTANDING CONTRACTS

  • What makes a contract valid
  • Things to watch for in a cellphone contract
  • Why you should avoid rent-to-own contracts

13 - FINANCIAL WELLNESS FOR SENIORS

  • What seniors financial abuse is
  • How to recognize if you or a loved one is being taken advantage of
  • Advanced planning tools to protect yourself or loved ones

14 - HOME READINESS: RENTING VS. OWNING

  • Is homeownership right for you
  • How to plan for homeownership
  • The upfront and ongoing costs of owning a home

15 - THE COST OF HOMEOWNERSHIP

  • How a mortgage works
  • The different types of mortgages
  • How to save on your mortgage

16 - CHOOSING THE RIGHT HOME

  • Choosing a prospective home that's right for you and your family
  • Picking a home that meets your needs now and in the future
  • The difference between buying a new and pre-owned home

17 - GETTING PROFESSIONAL HELP TO BUY A HOME

  • How to get great professional help when buying a home
  • The roles and responsibilities of your mortgage broker, real estate agent, home inspector and other professionals
  • What to look for - and avoid - when seeking professional home buying help
 

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