https://padlet.com/nathan_beals1/u47cwcoltjhq Infographic on Saving factors en-us 2017-04-03 23:49:26 UTC 2024-07-09 20:14:03 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Brightnessdown.png nathan_beals1 https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164496309 Hello, My name is Nathan Beals. I am a 21 year old college student at Durham College taking Computer programming. This assignment is for the GNED - Money Matters course.]]> 2017-04-03 23:53:57 UTC https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164496309 nathan_beals1 https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164496581 Today I'll be covering "Savings, Factors used to evaluate various savings plans."

I'll be covering this topic using a variety of media, Video, Images and third party websites.

You can expect to learn about factors affecting Canadian savings plans.]]> 2017-04-03 23:57:05 UTC https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164496581 nathan_beals1 https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164497268 I have always been a proponent of teaching more financial skills in high school math. I have yet to use calculus in the real world, but there were a number of simple financial functions and ideas that I have to do every day of my life, and I wish I would have learned about those in class, though its better late than never. Hopefully this pilot program succeeds and this is rolled out to all Ontario High Schools.]]> 2017-04-04 00:06:56 UTC https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164497268 nathan_beals1 https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164498244 This is a flowchart for Canadian savings priorities. The flowchart shows (and suggests) how and when to pay for which things, in order of importance.]]> 2017-04-04 00:18:45 UTC https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164498244 nathan_beals1 https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164498566 Showcase of Canada Savings Bonds, what their advantages are and what their disadvantages are. It also explains the risk and background knowledge of savings bonds. Though I found out later in this research topic that savings bonds are actually going to be phased out and no longer available to purchase after this fall.]]> 2017-04-04 00:22:11 UTC https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164498566 nathan_beals1 https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164498910 This is a video overview of the savings plans available to Canadians and how to take advantage of them, as well as some general financial tips.  For my current stage of life, the TFSA's are the most useful savings plan because I'm not close to retirement, I'm almost done my education, and I'm not disabled. in fact, TFSA's are really the only thing worth contributing to for me.]]> 2017-04-04 00:25:45 UTC https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164498910 nathan_beals1 https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164499160 I agree that it was time to update the Canada Pension Plan, and I think this new option doesn't seem so bad. It was about time that the CPP contribution rate was raised, it's been the same for far too long. What I'm unsure about is where the new proposed system says "each generation of workers pays for its own retirement" which sounds well and dandy, but governments are not good at long term planning (especially over a lifetime) and I have little faith that the money I put in now to the CPP will still be there and available when I'm a senior and need it.]]> 2017-04-04 00:28:46 UTC https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164499160 nathan_beals1 https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164499646 Video explanation of what pension indexing is. "Indexing is inflation protection" which means that once every year, pension premiums are updated to fall more in line with the Consumer Price Index and cost of living expenses. Almost everyone is eligible for pension indexing, with how drastic the indexing is depending on how long you've held your pension and your age.]]> 2017-04-04 00:34:06 UTC https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164499646 nathan_beals1 https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164500547 I've posted this chart of Toronto real estate prices because it's very relevant to making decisions on saving. On one hand, if you already own property in Toronto, you're sitting on a figurative goldmine. On the other, if you are looking to buy in Toronto, now's not the best time.]]> 2017-04-04 00:43:39 UTC https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164500547 nathan_beals1 https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164500803 Unfortunately I couldn't find any Canada specific infographic, but this one about American consumers is good enough as our cultures and societies are pretty similar. What surprised me most about this cost breakdown is how "little" is actually spend per year on alcoholic beverages. I always believed it would have been much more.]]> 2017-04-04 00:47:01 UTC https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164500803 nathan_beals1 https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164501334 This article is an explanation of the 21 different ways the new 2017 federal budget by the Liberals can affect you. Things such as increases the employer premium on EI, Canada Savings bonds being phased out, additional tax credits the Liberal party has created, new programs, a home relocation loan and increased taxes on certain things, such as cigarettes and a brand new tax on Ubers.]]> 2017-04-04 00:53:50 UTC https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164501334 nathan_beals1 https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164502505 Reflections Word Doc.]]> 2017-04-04 01:08:42 UTC https://padlet.com/nathan_beals1/u47cwcoltjhq/wish/164502505