Students explore the advantages of good money management, and the consequences of poor money management. They learn the basics of developing a spending plan and setting ‘SMART’ financial goals. They also explore options for saving money, like GICs, RRSPs, and TFSAs. Students are introduced to different methods of borrowing money, such as credit cards, loans, and mortgages; they also explore factors that contribute to the costs of borrowing money.
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