The Monnaie Money April 2013 Newsletter. News and tips for better money management and financial literacy.

1. MONNAIEMONEY FINANCIAL LITERACY PROJECT
Newsletter
My Priorities! My Future!
Get Informed!
April 1st
, 2013
Financial literacy provides the foundation of saving and
investing wisely. It is the basics for the responsible use of credit
and money and the making informed financial decisions that
can affect our families and our future. The MonnaieMoney
Financial Literacy Project will provide fundamental tools for
youth.
The objective of the project is to bridge the gap between what
people know and what they need to know with respect to
personal financial skills and provide opportunities for personal
empowerment and enhanced self-sufficiency.
For the past three years the Carrefour jeunesse-emploi de Côte-des-Neiges and the
Jamaican Canadian Community Women’s League of Montreal Inc. have been very active in
promoting financial literacy to the wider community in the city of Montreal.
Content
1
2
3
4
MonnaieMoney Youth
Talent Show 2013
Financial literacy
Resources
Community Pancake
Breakfast 2013
Student Debt

2. MONNAIEMONEY APRIL 2013
2
Monnaie-Money Youth Talent Show 2013
1
On February 23rd, 2013
at the Oscar Peterson Hall, we
presented our third annual
Financial Literacy Talent
Show for the youth in the
Greater Montreal area.
This event got more
youth and their families to be
acquainted with our program
which helps them become
more financially responsible by
A successful event bringing a difference in the lives of our youth and our community…
2
improving their Financial
Literacy skills.
The contest took place during
Black History Month and
allowed up to 50 young artists
from the visible minority
communities to demonstrate
their creativity and develop a
sense of belonging.
The Carrefour jeunesse
emploi de Côte-des-Neiges and
Jamaican Canadian
3
Community Women’s League
of Montreal Inc. would like to
congratulate and thank all
participants of the
MonnaieMoney 2013 youth
Talent Show.
We want to
congratulate everyone who
participated and wish them all
the best with their artistic
endeavors and future projects.
Online Resources
A website created by the Autorité des marchés financiers, the
regulatory and oversight body for Québec's financial industry:
http://www.tesaffaires.com/index.php/en/
A website from the Financial Consumer Agency of Canada
(FCAC), an independent body working to protect and inform
consumers of financial products and services:
http://www.fcac-acfc.gc.ca/eng/index-eng.asp

3. MONNAIEMONEY APRIL 2013
3
1
•Credit
card
balances
have
been
carried
over
by
43%
of
Canadians
–
significantly
more
so
than
the
34%
who
stated
the
same
in
2010.
•Six-­‐in-­‐ten
Canadians
say
they
save
less
than
10%
of
their
monthly
income,
with
15%
of
these
respondents
indicating
they
save
nothing.
Only
one-­‐in-­‐ten
(11%)
save
20%
or
more
of
their
income
(down
significantly
from
the
14%
who
said
the
same
in
2010).
•Four-­‐in-­‐ten
Canadians
believe
they
will
be
paying
2
off
their
debt/mortgage
after
they
turn
65.
The
same
ratio
believes
that
they’ll
have
to
work
past
the
age
of
65
in
order
to
make
ends
meet.
•About
half
(46%)
of
all
respondents
indicate
their
financial
situation
has
not
changed
year
over
year.
However,
two-­‐in-­‐five
(39%)
indicate
that
their
overall
financial
situation
has
improved
and
the
reasons
cited
include:
payment
of
some
or
all
of
their
existing
debt
(59%)
,
an
increase
in
overall
household
earnings
(58%)
and
general
improvement
in
money
management
skills
(49%).
•When
asked
what
kind
of
money
management
3
information
they
would
be
most
interested
in,
Canadians
cite
minimizing
tax,
teaching
children
about
money,
avoiding
fraud
and
managing
finances
overall.
Source:
The
Canadian
Institute
of
Chartered
Accountants
(CICA),
http://www.cica.ca/focus-­‐on-­‐
practice-­‐areas/financial-­‐
literacy/item66528.pdf
Recent facts about
finances and debt…

4. Carrefour Jeunesse-Emploi de Côte-des-Neiges
6555, Côte-des-Neiges, # 240
Montreal, Quebec, H3S 2A6
Jamaican Canadian Community Women’s League of Montreal
5465 Queen Mary Rd, # 300
Montreal, Quebec, H3X 1V5
UPCOMING COMMUNITY EVENT…
Join us for a free breakfast and some financial knowledge!
Brian Smith, MonnaieMoney Project Coordinator
(514) 342-5678 ext. 228 / (514) 817-3941
From 10 am to 1pm!