Thrifty Tuesdays helps your money go further!
November is Financial Literacy month; join the Library and the Credit Counselling Society to learn about the various types of financing including secured, unsecured, joint, secondary and short-term/high interest credit. You will also learn about leasing versus buying a vehicle, mortgages and student loans.
From the presenter
For most people, there will come a time for you to borrow money from the bank to make a purchase. Whether that is for a car, house or even an unexpected emergency, you may not have the funds to pay for it right away. Although you may know how to ask a lender for money, do you actually know what type of lending is available for you or what factors the creditor may consider before offering you the funds?
The Canadian financial system is complex and oftentimes confusing and difficult to navigate. It isn’t hard to feel overwhelmed with all of the information available to you.
However, there’s hope! In the Financing Basics workshop, you will learn how to:
- Describe what creditors are looking for when you apply for financing;
- Explain the 5 C’s of credit;
- Recognize what is considered when calculating your credit score;
- Describe debt service ratios;
- List the various types of financing available;
- Recognize the cost of credit and how interest can impact your payments; and
- Know how to be aware of financing costs and responsibilities.
The interactive workshop is 90 minutes! We take a “grab and go” approach – grab an idea or two and go try it. All participants will walk away with ideas, resources and the full curriculum upon request.
For more information, visit the Credit Counselling Society's website to view free webinars on various financial topics.
Free, but seating is limited. Programs that have low enrollment may be cancelled. Please register by phone at: 604-522-3971, in-person, or online.