Questions of a student concerning her credit

Introduction
Auteur: Nicole Racette (Équipe de production)
Questions of a student concerning her credit
Goals :
Skills to acquire : Maintaining your financial health while
managing your credit in a long term perspective
Attain good financial health in order to have a better
quality of life;
Consider savings as a solution to ward off debt
Target group : Students with post-secondary education
This learning object presents the situation of a student who is starting to use credit. You will see the pitfalls that she wishes to avoid and the advice she
receives to start off her adult life with a good financial outlook.
It is important to live according to our means in order to avoid a financial catastrophe in a more or less long term. Getting indebt during the first few
years of one’s professional life depends largely on a behaviour geared towards immediate satisfaction which mortgages the future quality of life. It is
one of the principal reasons why couples separate.
We will see buying on credit as a whole. A credit card is one of the hardest things to manage and the solution for credit difficulties is saving your money.
We will discuss these two subjects in more detail.
Plateforme développée par SAVIE Inc. avec la collaboration d'Educacentre. Copyright © SAVIE inc. 2008
Copyright © Collège Educacentre College et ses partenaires 2008
Buying on credit
This video presents the reasons why it is important to manage credit correctly, how to manage credit and also shows the negative impacts of not
following certain rules.
Plateforme développée par SAVIE Inc. avec la collaboration d'Educacentre. Copyright © SAVIE inc. 2008
Copyright © Collège Educacentre College et ses partenaires 2008
Credit cards
The credit card, an easy way to pay, has advantages for those that know how to use it. Used incorrectly, the credit card substantially reduces
purchasing power and can even lead to bankruptcy.
Plateforme développée par SAVIE Inc. avec la collaboration d'Educacentre. Copyright © SAVIE inc. 2008
Copyright © Collège Educacentre College et ses partenaires 2008
Savings
Saving you money regularly is a habit to acquire. We can see why and how to do it!
If you employer does not offer a retirement plan, it is very important that you accumulate your money during your working years so you can live
comfortably during retirement. Here is a chart of the sums of money that you will be able to cash in when you are 65 years old and this during a period
of 20 years (from 65 to 85). This will be according to the amounts you have saved and to the anticipated rate of return.
Plateforme développée par SAVIE Inc. avec la collaboration d'Educacentre. Copyright © SAVIE inc. 2008
Copyright © Collège Educacentre College et ses partenaires 2008
References
Agence de la consommation en matière financière du Canada (mars 2007). Comment tirer profit d’une carte de crédit : Comprendre les termes et
conditions de votre carte. Site Web : http://www.fcac-acfs.gc.ca/fra/publications/cartesDeCredit/gettingthemost/default.asp
Agence de la consommation en matière financière du Canada (mars 2007) produit la publication « Cartes de crédit : à vous de choisir », à l’adresse
suivante : www.acfc.qc.ca
Bureau du surintendant des faillites Canada. (2005). Le guide financier – L’étudiant de niveau postsecondaire. Industrie Canada.
Collection Protègez-vous. (2002). Finances personnelles – Prenez le contrôle de vos finances en 5 étapes faciles. Les Éditions Protégez-vous.
Desjardins. (2006-2007). Conférences financières jeunesse. DVD.
Roy, J. & Martel, R. (2002). Le budget réinventé. Montréal : Les Éditions Transcontinental inc.
Plateforme développée par SAVIE Inc. avec la collaboration d'Educacentre. Copyright © SAVIE inc. 2008
Copyright © Collège Educacentre College et ses partenaires 2008