Billets et pièces en euro

L’euro est la monnaie unique de l’Union européenne depuis 1999 (la mise en circulation des monnaies et billet ne date que de 2002). Ce petit film officiel de la BCE (Banque Centrale Européenne) présente rapidement les pièces et les billets en euro. La conception des pièces et des billets en euro remonte à 1996. La vidéo présente les choix graphiques mais aussi quelques informations sur les protections des billets (signes de sécurité), ainsi que leur conception technique.

6 Key Rates to Pay Attention to For Personal Finance

On a daily basis, we are flooded with information relevant to personal finance.   ratesWhether it is via the newspaper, radio and television, understanding financial information can be challenging, however; it is necessary to become financially literacy to manage money efficiently.

Here are six of the most common rates that you should know especially if you are seeking to plan your financial future.

  1. Prime Interest Rate

The prime interest rate is the most often mentioned rate in the news. Commercial banks charge this rate to their most credit-worthy customers which are mostly made up of large companies.   The prime rate is also important for you because it directly affects the lending rates which are available for mortgages, small businesses and personal loans. Your bank will subtract a few percentage points from the prime rate to set their own rates to apply to their respective financial products.   The prime interest rate can be found at the Bank of Canada’s website.

  1. Foreign Exchange Rates

Planning a trip out of the country in the near future? Consider monitoring foreign exchange rates.   Exchange rates are determined in the foreign exchange market, which is open to a wide range of different types of buyers and sellers where currency trading is continuous: 24 hours a day except weekends. Using websites such as or, you can track and figure out how much the exchange rates are (minus the service fees charged by banks or currency exchange houses).   Knowing the particular exchange rate will assist you in establishing a budget for your trip.

  1. Interest Rates On Savings

As an individual who wish to start saving money on a regular basis, you should be aware of which financial institution is offering the best interest rates on savings.   These particular rates are calculated by using the prime interest rate and the amount of money in your account.   Depending on the type of saving account, not all banks offer the same interest rates. Virtual banks such as Tangerine, offer higher rates that traditional retail banks. For more details, visit the banks’ websites to compare their interest rates.

  1. Credit Card Rates

One of the common misconceptions regarding credit cards is that all of them are offer the same interest rate. Although the rate is calculated by the two methods: i) Average Daily Balance Method and ii) Daily Balance Method, you can use the web to learn more about current card rates.   By visiting Canada, you can have a comparison of the different selection of cards based on low interest rates and other criteria. (If you find a better credit card rate and incentives during your research, do not be afraid to switch.)

  1. Personal Loan Rates

If you see yourself in need of money in the short term, a personal loan from a financial institution is an option. Rates on personal loans are meant to generate a profit for the bank while the money is in your pocket. When applying for a loan, you must investigate the fixed and variable rates that are being offered.   For each rate, there are advantages and disadvantages to consider depending on a number of factors including the amount of the loan, how long it will take you to repay the total amount, etc.   It is best to consult the websites of different banks to know about the different rates on loans.

  1. Sales Tax Rates

Planning on taking a trip of out the province of Quebec? If you are planning to spend money in different Canadian provinces, then you should know about the three types of sales tax rates: Provincial sales taxes (PST), Goods and Services Tax (GST) and Harmonized Sales Tax (HST).   In some provinces such as British Columbia, Saskatchewan and Manitoba, both the PST and GST are charged on the original price on a good or service. A Harmonized Sales Tax (HST) is a single tax that contains the combination a provincial tax and federal tax. Provinces that levy HST are Ontario, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island. Alberta, Northwest Territories, Nunavut and Yukon are the jurisdictions that only charge GST to purchase items.   Visit the Retail Council of Canada website to know the specific sales tax rates in each province and territory.

In order to become increasingly financial literate for your future, it is recommended that you take the time to read everything regarding personal finance on a daily basis and monitor the different rates that will affect the money in your pocket and bank account.


Conseils pratiques pour vos services bancaires

Il y a une multitude de produits et de services financiers sur le marché. Non seulement vous avez le choix entre différents types d’institutions telles les banques, les sociétés de fiducies, les caisses populaires et les coopératives de crédit, mais en plus, ces institutions offrent une grande variété de produits pour répondre à vos besoin financiers. Le défi à relever consiste à trouver le forfait bancaire qui répond à vos besoins à meilleur prix.

7 Tips To Becoming A Better Money Manager For School

As a student, the amount of money that you invest in your education is well worth it; il_570xN.512087816_piq4however, it can be very expensive.    The reality is that the price of a good education will slowly increase in the upcoming years.  As a result, you will be faced with a choice to take on further debt to finance your studies or become a better money manager for school.

Here are 7 practical tips that you can use to manage your finances while in school.

1. Know Your Costs

In order for you to become a better manager of money, you have to know your costs.  Similar to an owner of a store, being aware of where your money is going is essential.   Besides tuition and other fees, it is a good idea to identify the costs which comes along with attending school.  These include books and other learning materials, club memberships, etc.  The key advantage of knowing these related school costs is that you can find cheaper alternatives or be able to share the expenses with friends.   For example, you can purchase used textbooks, share the costs of copying notes, etc.

2. Prepare Your Budget

With the knowledge that you have regarding your costs, you have to prepare your budget.   Not only will your budget consider tuition, books and other fees you have to account for food, rent and personal items (assuming that you are not still at home).

3. Earn More Money

At the end of your budgeting task, you will see how much money that you have to either save for the future or use for pocket.   If you do have money, consider yourself fortunate.  If you have a deficit, (when your income cannot cover your costs), then you might have to earn money.    This might entail searching a job (if you do not have one yet), getting a second job, or working more hours.    Remember, the goal at this point is not to become rich but to cover additional costs going forward in your academic career.

4. Find Savings

Managing money, whether you are first year student or a graduate, should lead you to sitting down and trying to find ways to save money for the short and long term.   One thing that you can look at to save money is what you purchase in terms of food and beverages.  For instance, instead of buying a lunch at the cafeteria or coffee at the nearby coffee shop, bring your food and drink from home.   Buying food products in bulk and preparing them at home will assist in keeping more money in your pocket on a weekly and monthly basis.

5. Make Sacrifices

With a limited amount of money as a student, you will have to make some sacrifices especially when it comes to your social life.   Instead of going out with your friends on a regular basis, you may want to restrain yourself given your budget and find other options to be with friends and entertained.   Sacrifices  will have be made in terms of new clothing  despite of hot new fashion trends that other students are wearing.

6. Know How To Use Credit

If you have a credit card, know how to use it wisely as a student.   Credit cards are forms of instant loans that will be have to be paid back quickly to avoid interest charges.  One golden rule is that you should not use your credit card unless there is or will be enough funds in your bank account when payment is due.  In addition, avoid using credit to pay for everyday items as it will become a habit that you may not be able to control.

7. Know Your Student Loan Conditions

Not only does a student loan bring funding for your education but it brings the responsibility of knowing the conditions of the loan agreement.   Being aware of the terms and conditions may afford you to pay off the loan at a lower interest or obtain additional funding in the future.

Financing your studies is similar to running a business.   Sound management of money is needed to meet goals and avoid difficulties that may arise in the future.

Comment vivre selon ses moyens?

Comme bon nombre de Canadiens, vous constaterez peut-être que vous dépensez plus que vous épargnez et que vous vous enlisez progressivement dans la dette. Il est facile de tomber dans ce piège. S’en sortir exige de la planification et de la discipline.

La première étape consiste à créer un budget. Aussi déplaisant que cela puisse sembler, il s’agit simplement d’examiner vos revenus et vos dépenses pour déterminer exactement quelles sont vos rentrées d’argent et comment vous le dépensez.

Good Debt Versus Bad Debt: What Is The Different?

Whether it be borrowing a dollar from a friend to buy a soft drink at school or obtaining a mortgage to purchase your first home, owing money or going into debt is a fact of life. For some people, having outstanding debts can be difficult to manage and affects how they deal with their other financial matters. One of the practical approaches to managing debt is identifying what type of debt that you have incurred. Debt can be classified as either good debt or bad debt in which you should have a plan to repay the money.

This article is divided in two sections. The first section lists a number of scenarios in which you have to decide whether the individual is going into good or bad debt. The second GoodDebt-BadDebtsection provides the substantiated answers. (Be sure to have a pen handy to write down your answers beside each of the scenarios).


1. Bernard has a date with a classmate in which wants to impress her with a fashionable blazer. Aside from his tutoring sessions which he earns $50 per week, he does not have a stable job. Bernard decided to buy the blazer for $300 at a high end department store using the credit card program. Has Bernard incurred good debt or bad debt?

2. John-Francis is a deejay that performs regularly at private parties with his own equipment. He earns $450 per party that he agrees to play. He also has been booked for the next three Saturday nights. While testing his sound system before playing at the first wedding, he discovers that both his speakers are blown out and quickly goes to a store specializing in audio systems. He charges $850 to his credit card to buy the speakers knowing that he has only $100 in cash in the bank. Has John-Francois incurred good debt or bad debt?

3. Paulina wants to buy a car to get to work. She is fed up with relying on buses and metros that does not show up on time for her schedule needs. Through her circle of friends, she hears about a deal on a second-hand car and buys it “as is” without a car inspection. She pays for the car thanks to a personal loan of $800 that she had to fight for at the bank because her credit rating is not that great due to past credit card charges she made during her academic career. Has Paulina incurred good debt or bad debt?

4. Jack has just graduated from law school from Vancouver and is looking to live in downtown Montreal where he wants to close to the office of the law firm that hired him. The law firm has hired him based on his knowledge of an industry that shows huge opportunities for legal services for the next 15 to 20 years. Jack selected to buy a condominium on the outskirts of downtown for $300,000 by obtaining a $285,000 fixed mortgage at 3.5% for 5 years.  Has Jack incurred good debt or bad debt?


1. Bad Debt. Although the blazer can be used again, the main reason for the purchase does not warrant spending the $300 that Bernard does not have in the bank. Unless Bernard uses his savings to pay his bill in full, he will be stuck with interest charges at the department store’s rates in which they are usually higher than major credit card companies.
2. Good Debt. Even though John-Francis only has $100 in his bank account at the time of the purchase, he will have $900 (from the two booked weddings) when he receives the bill in the mail and the equipment that can be used to generate income in the future.
3. Bad Debt. Paulina is taking a risk of using a personal loan to pay for a car that has not been examined for potential problems. At any time, problems could occur in which Paulina has to pay for repairs and at the same time of repaying the bank $800 plus interest.
4. Good Debt. Under the assumption that Jack remains at the law firm and gets promoted with a pay raise, buying the condo is an investment that maybe costly in the first couple of years, however; it may be profitable in the long run if the interest rates remains low.

The scenarios and answers highlighted in this article have drawn a clear distinction between good debt and bad debt. Good debt is worth incurring if it is linked to a long term investment and bad debt can be seen in purchases that cannot be afforded or leads to interest payments.

To learn more about Good Debt Versus Bad Debt, watch the following video.