Financial Literacy 1

One of the things that is missing in our education system is personal financial literacy.   Knowing how money works means that you control what you pay not the banks.  If we don't understand some basics we are under the thumb of banks & debt.  The banks want you in debt, its one of the main ways they make money.  I am going to periodically email all of you some information & you can ignore, ask me to take you off of the list or read it.  A goal for me is to help you to have your own control of your own money, but teaching is 20% teacher (or less) & 80% learner.

Unless you inherit money (hahahaha, not in this family!)  or win the lottery (odds are ridiculous,  its a voluntary tax)  in order to control your own money you must save money.   All financial advice books say this and it must be done before any of the complicated ways of earning more with your money are undertaken.    
 
So this  is financial literacy month in Canada and I the week's theme is "have a savings plan"  see the image.

To start if you look in this google spreadsheet you will see a way to save ~1300$ in a year.       What you do is 1st week deposit $1, 2nd $2, do you see a trend?    So lets get started, see the spreadsheet for how it works.

Infographic

 

If you have something specific to save for, this might be useful 

Financial Goal calculator