Suivez-nous sur nos réseaux, pour écouter nos jeunes parler de leurs expériences!
Suivez-nous sur nos réseaux, pour écouter nos jeunes parler de leurs expériences!
MONNAIE- MONEY // Youth Talent Show for the Black History Month
Saturday February 27th 2016, at the Oscar Peterson Concert Hall located at 7141 Sherbrooke Street West, the Carrefour Jeunesse Emploi Côte-Des-Neiges presents the 6th Annual Monnaie Money youth artistic talent show to promote financial literacy and civic engagement.
This event will be an occasion for the public to witness to a dynamic talent show and to discover our program which helps youth to become financially responsible.
We also would like to encourage youth to be leaders within their communities.
Doors open @ 6PM
Info : Brian Smith – Carrefour jeunesse-emploi de Côte-des-Neiges
The Monnaie Money Talent Show 2016 – Update
The Monnaie Money Talent Show would like to update you with the following announcements.
We will be presenting a Spring Fashion show produced by Carlton Fashions, this will take place at exactly 6:20pm, so we encourage you to come to the event at exactly 6:00pm when the doors opens.
At the end of the Monnaie Money Talent Show we will honoring 5 distinguished women who have contributed to the development of the Black Community in Quebec.
They are as follows:
Also we are proud to announce that the artist Young Soul, the winner of the 2012 Monnaie Money Talent Show will be our special guest performer.
For media inquiries and tickets please contact
What you don’t know can cost you!
We have the talent.
We have the venue.
We have date.
Now, here is the flyer…
Tickets are $20 but they are going very fast. For more information, contact us via Facebook
Are you a poet, dancer, singer or have an exceptional talent that you wish to be recognized for? The 2016 Monnaie Money Talent Show is your chance.
Auditions will be on November 13th and 14th, 2015.
For more information, connect with Monnaie Money via Facebook.
Seeking professional help is always good thing. Whether it is seeing a doctor for an annual check-up or a dreaded visit to the dentist, we entrust professionals to monitor and manage various aspects of our lives for our own benefit.
Working with a financial planner is no different. Although it does not rank as important as having access to a doctor, a financial planner can offer individuals various benefits in terms of money management through various periods of one’s life.
One of myths that some individuals have about working with financial planner is that you have to be wealthy. Not true. Deciding to work a planner is a process in which individuals should sit down and consider it if they experience the following seven signs.
1 – Having long term goals for your money
Whether it be having a house when you are 55 years old or being well off before you retire, long term financial goals are attainable especially with the assistance of a planner. With a clear idea of what you can do in terms of saving and investing money, a financial planner can provide you with right approach and tools to enable to reach your goals.
2 – Steady flow of incoming cash
If you are fortunately to be working full-time and relatively debt-free, you probably want to make your incoming cash work for you. If that is the case, you may want to see what a financial planner can do for you. Knowing that you have a steady amount of money to invest on a monthly basis, a planner can recommend the appropriate strategy to help your money grow.
3 – Extra cash in accounts
Have you opened many savings and chequing accounts over years and want to do something with the cash? Why not consolidate the money and put it in the hands of a financial planner. The planner will not only make the extra month grow but you have the peace of mind that the money is in one place.
4 – Not happy with your returns on savings account
Although there is nothing wrong with trying to managing your savings on your own, you may have a limited amount of knowledge and time to make your money thrive. See small returns at the end of the month should prompt you to start looking for professional help. By either placing your savings in a high interest account or tax free savings account, the planner is in the best position to invest the money based on your needs and how comfortable you are with risk in terms of investing for the years to come.
5 – Planning for retirement
Want to retire comfortably without being concerned about paying for monthly expenses? You may want to work with a financial planner to establish a retirement plan. Taking into account that both government pension plans may not be sustainable going into the future, having access to a planner may allow you to have registered retirement savings plan (RRSP) and or a tax free savings plan (TFSA) that are carefully built might be the best alternative for you.
6 – Understanding personal financial tools
Do you know what income splitting is? Are blue chip mutual funds the best for your portfolio? There are quite a few personal financial tools that are thrown around at tax filing time that may sound interesting and beneficially to you, however; there are not explained clearly. Sitting down with a financial planner will permit you to have a t personal financial tools that are thrown around at tax filing time that may sound interesting and beneficially to you, however; there are not explained clearly. Sitting down with a financial planner will permit you to have a tutorial on all the tools that have been discussed in the news and used by others in your age group and or financial situation.
7 – Preparing for your family future
Having a family is costly process and money needs to be managed properly. From paying the rent to paying for college or university, a parent must plan how money will be saved and invested in order for the expenses to be covered in the future. By working with a financial planner, you will an individual that will put your money away in the right places knowing that it is for your family future at the right time,
In the next column, I will discuss some of the questions that you should ask when you first meet with a financial planner.
While they have made millions in interest from various personal financing tools (i.e., credit cards, loans and mortgages), investing in the markets and holding assets in the form of real estate, they easily generate profits thanks to bank fees. From debit purchases to overdrafts, banks attach fees to various products and services with the objective of making more money annually. Unfortunately, some clients are not aware of the fees that continue to drain their bank accounts.
Below are eight tips that will allow you to reduce the amount of bank fees that are debited from your account and will allow you to save more money on a month basis.
1. Find a better account
If you discover that you cannot afford to pay the fees that come along with your current account, then it is time to find another account and/ or bank. There are banks that offer low or “no-fee” accounts depending on what your needs are and the amount of money you have to deposit. Once you have assessed your needs (in terms of the amount of transactions and savings goals), you can consult the Financial Consumer Agency of Canada’s website where there is an account selection tool. This tool lists the various accounts and banks which you may want to switch to in the hopes of paying less in fees.
2. Reduce the number of transactions
The majority of banks attach fees to the number of the transactions that they perform for clients. If you are big fan of using your debit card for everyday purchases, maybe you should consider going back to using cash. Even though the fees are minimal, they can add up. According to recent reports, all of the Canadian banks are expected to increase their fees on debit purchases made by clients.
3. Reduce trips to bank machines associated with other banks
Banks are well known for their “convenience fee” that they charge individuals for using a bank machine, when the machine belongs to another bank. Although it’s easier and less time-consuming to use any bank with an automatic banking machine, it can be costly. The best way to avoid such costs is to withdraw enough money until you have the chance to get to your own bank. Another option is to open an account at the nearby bank where the fees are affordable.
4. Keep a minimum balance
Not knowing how much money you have in an account can cost you. Some banks can insist that you keep a minimum balance in an account or be faced with paying monthly fees. As a result, you have to keep track of the amount of money in that particular bank or transfer it to a “no-fee” account.
5. .Ask for senior accounts
Turning 60 soon? Some banks offer specific accounts that are free, or available at a reduced fee. However, you have to inquire about them at your bank. Be prepared to prove that you are, or turning 60, in order to be eligible for those accounts.
6. Obtain overdraft protection
Thinking about “insufficient funds” (NSF) charges every time you write a cheque? NSF charges can significantly threaten the amount of cash that you have in the bank on a monthly basis. In order to avoid the heavy fee on a regular basis, consider obtaining overdraft protection. Overdraft protection is a form of insurance that will allow you to pay a small fee in advance to avoid paying a larger NSF charge. Some financial institutions will apply the overdraft charge only in those months when you actually use the overdraft protection that you have invested in.
7. Go online
If you’re able to go online via a laptop, tablet or smart phone, attempt to do your banking online. Instead of going to a bank, why not conduct transactions by yourself.
8. Read your monthly statement
Are you aware of the fees that you pay per month? It is recommended that you examine the statement to see if you have been charged any extra fees and how much. Furthermore, be vigilant in terms of any new fees that you may be able to contest or ask to be waived.
The Bottom Line panel talks credit cards. What you need to know about how many to have, how to use them and who’s really ringing up the cash.
Cette vidéo a été produite par l’ACEF Rive-Sud de Québec dans le but d’offrir à une clientèle de jeunes adultes des outils de sensibilisation sur l’importance d’une bonne gestion de leurs finances personnelles et de l’épargne.
When a bank provides a client with a personal line of credit, it does so with the understanding that the funds will be used for various reasons. Some individuals, the money will be used to finance their latest spending spree or be a source of insurance when it is needed. Regardless of how the money will be spent, the bank will always profit from offering the financial product.
As potential or current user of a personal line of credit, do you know how to best manage it without paying extra fees and interest? Below are 9 basic things that you should know before spending a dollar from the source of financing.
1. Lending range
Banks have various lending ranges that clients can select from for their needs. Although clients can apply for a maximum amount of money, banks do have the final say of the amount that will be available. Using clients’ credit reports and other analysis tools, banks will decide the appropriate lending range to insure that the credit is repaid in a timely fashion.
2. Interest rates
Interest is charged to clients who select to access money from their line of credit. Similar to mortgage rates, interest rates can be fixed or variable. It is best to discuss with a bank representative which option fits your ability to repay the money and not go into further debt. Usually, interest rates for lines of credit are usually lower than they are for credit cards (even low-rate credit cards), personal loans or other short-term loans.
When using a personal line of credit, clients must keep in mind the associated fees attached to the source of funds. To generate more profit, banks may charge an unused line fee, often an annualized percentage fee on the money not withdrawn. (Ask your bank representative to explain all applicable fees that comes with your line of credit.)
4. Type of personal line of credit
Personal lines of credit can be classified as either secured or unsecured. Secured personal lines of credit are backed with your property or investments typically results in a lower interest rate and higher credit limits. Unsecured lines are not supported by any type of collateral and thus resulting in a higher interest rate. Banks will allow clients to select which type is best for them given their financial situation.
5. Repayment options
Unlike a personal loan or a mortgage, clients must repay the money (plus interest) that they have used for the line of credit. For example, if a bank grants a client a line of credit of $5000 and the client utilizes $2000, the bank should expect $2000 plus interest to be back in coffers in a pre-determined period of time. Clients must make at least a minimum payment on their balance every month.
Banks have different policies when it comes to re-applying for a line of credit based on a client’s credit history. If there are not any issues with client’s credit history, banks will waive the application process and make the lending range available immediately.
7. Monthly statements
Whether it be by mail or on the web, clients can keep track of the amount of money that is available via the line of credit and how much they owe.
In the event that clients die or become disabled, there might be a need for insurance to cover their line of credit. This maybe the case for clients that have a large unsecured line of credit that have not being paid down in a timely fashion.
9. Negotiation options
When it comes to obtaining the financial product, everything is negotiable. Whether it be lending range, interest rate or term, individuals have the power to dictate what they need from a personal line of credit due to the fact there are various financial institutions to obtain the source of credit. All that this required for a successful negotiation is knowledge of what is available elsewhere and knowing what is required to fit respective needs.
A personal line of credit is an alternative source of money that banks do not offer for free. It is the client’s responsibility to manage this specific source of funds to ensure that the minimum amount of interest and fees are paid on time.