Read Now Financial Concepts for Smart Teens and Emerging Adults: An Introduction to Personal Finance for Youth (Financial Literacy for Smart Teens Series Book 2) RTF
Financial literacy is what you need to know to grow and prosperThis is a collection of financial facts, concepts, thoughts and ideas from commercialbrochures, from notes of books I have read, seminars I have attended, from FinancialCourses completed, from school courses I have taught, from radio and TV programs andpractical situations and experiences I have encountered in life. May this be adiscussion starter for you and your mentors.I encourage you to learn more about each topic of interest as it applies to you, ascurrent information may change with financial institutions and governments.These topics are intended for your education, your discussion, and not for specificinvestment advice. Financial literacy is your responsibility, so use the information inthe following pages as a starting point to become financially literate.The topics are listed somewhat in the order as you may encounter them during yourlifetime, from a child to a young adult, or even older, but use them in any order thatmeets your need. Some topics may be repeated, as you will encounter them again andagain at different maturity levels. Some topics like Topics 70-75 could be placed muchcloser to the beginning of the book, like after Topic 12.Henry J.WielerFinancial Literacy for Smart Teens and Emerging AdultsContents – Topics in Book 241 Banks and Credit Unions42 Savings and Interest43 Simple Interest44 Compound Interest45 Certificates of Deposit46 How long to Double your Savings account-Rule of 7247 Start Saving EARLY versus Saving later in Life48 Saving early or later in life - Chart49 Federal Government Savings Plans, a) TFSA, b) RRSP, c) RESP50 CHARITY, Donating Wisely51 Smart Spending, - Where does the Money Go52 Hobbies, Sports and Music, are they Needs or Wants?53 The Cost of Pets54 Teen Spending, -Evaluating the Advertising55 Shopping for Groceries56 Shopping for Cell Phones57 The Cost of Living in Canada58 What is Inflation?59 Consumer Price Index60 Buying and Operating your First Car61 Costs to operate a car62 CHECK your CAR63 Off to University or Trade School --- Career Training64 Paying for your Spending – a) Cash, b) ATM, c) Debit65 Cheques and e transfers66 CREDIT CARDS–Use with CARE67 Credit Card Statements68 Credit Cards—INTEREST69 a)Your Credit History, b) Credit Bureaus, c) Credit Counselors,d) Gaining Control70 Forming a CashFlow Budget71 A First CashFlow BUDGET72 A Teens Second CashFlow Budget73 Budgets of all Kinds74 Net Worth Statement – Balance Sheet75 Record Keeping – What Documents You need to Save, Storage OptionsMore to Learn in Book 3, “Financial Literacy for Smart Teens” series
