MONEY SMART Challenge

Week 1 – Introduction to the MONEY SMART Challenge

Your first Money Smart Weekly Conversation Fact and Money Smart Weekly Question waits for you at the link above.

Answer the question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. 

Week 2 – Track Your Spending

Find out where your money is going. Click on Week 2 to read about tools for tracking your spending and to answer the Money Smart Weekly Question.

Answer the question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. 

Week 3 – Your Relationship with Money

Become aware of  your Beliefs about money that are motivating your spending and creating your money management habits. Then answer the Money Smart Weekly Question.

Answer the question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. 

Week 4 – Setting Financial Goals and Priorities

Identify what is important to you (what you value). Then use your list to determine goals and priorities for your money. Goals are Dreams with Deadlines. Then answer the Money Smart Weekly Question.

Answer the question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. 

Week 5- Saving Money

There is a couple of ways to look at savings; putting aside a portion of your monthly income for the future or not spending money. Not Spending Money is like Saving Money. Learn more about saving. Then answer the Money Smart Weekly Question.

Answer the question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. ($300 value)

Week 6 – Using Credit Cards Wisely

Credit cards can be useful and convenient. But if you aren’t careful how you use them, you can put yourself on a path to serious financial trouble. Check out 14 Tips on How to Use a Credit Card and Not End Up in Debt. Then answer the Money Smart Weekly Question.

Answer the question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. ($300 value)

Week 7 – How Much Debt is Too Much?

Follow this link to complete a self-assessment of your debt situation and find out where you stand. Also, find some Power Tips for Reducing Debt. Then answer the Money Smart Weekly Question.

Answer the question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. ($300 value)

Week 8 – Help, I’m Drowning in Debt!

If you are drowning in debt, find out who can help and why you should take action NOW! Then answer the Money Smart Weekly Question.

Answer the question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. ($300 value)

Week 9 – Budgeting Made Easy

Less than half of Canadians have a budget, yet most people who do have a budget stay within it most of the time. Follow this link to download free software to design your own personal budget. Then answer the Money Smart Weekly Question.

Answer the question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. ($300 value)

Week 10 – Borrower Beware

Many people don’t realize that Payday Loans and Installment Loans can have interest rates up to 60%. Follow this link for more information and to read about some alternatives to these high interest loans. Then answer the Money Smart Weekly Question.

Answer the question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. ($300 value)

Week 11 – Identifying Spending Leaks

If you don’t know what you are doing with your Disposable Income, you probably have spending leaks you need to plug so that you can redirect your money into the areas you want it to go.

Follow this link for ideas on how to redirect your Disposable Income. Then answer the Money Smart Weekly Question.

Answer the question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. ($300 value)

Week 12 – Couples and Money

Combining love and money adds a layer of complication that most of us don’t expect when we fall in love. In fact, the frequency of money-related fights in a marriage or relationship is one of the biggest predictors of divorce. On the Week 12 Money Smart Page, we discuss the real causes behind financial arguments and supply strategies to help couples sort through their differences and get onto the same page with their finances.

Answer the Money Smart Week 12 Question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. ($300 value)

Week 13 – Your Credit Report

Building a good Credit Report is important for your financial health. Follow this link to find out how to order a free copy of your credit report and repair a bad credit history.

Answer the Money Smart Week 13 Question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. ($300 value)

Week 14 – Finding Money for Education

Find out more about funding your children’s secondary education through Registered Education Savings Plans (RESPs) and some alternatives for funding an adult’s education.

Answer the Money Smart Week 14 Question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. ($300 value)

Week 15 – Investing for Your Retirement

Many Canadians are not doing enough to secure their retirement, especially women. Follow this link to find out more about financially securing your retirement. Answer the Money Smart Week 15 Question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. ($300 value)

Week 16 – Teaching Children About Money

Parents want their children to have the knowledge, skills and confidence to make responsible financial decisions. Visit this page for Tips on Teaching Your Children to be Money Smart. Answer the Money Smart Week 16 Question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. ($300 value)

Week 17 – Should I Rent or Buy a Home?

This is the last week of the Money Smart Challenge. People generally think that it is much better to buy a home than to rent one. There are a lot of reasons why you might want to consider continuing to rent. To explore the pros and cons of buying a home, follow this link.  Answer the Money Smart Week 17 Question anytime before the end of the Challenge on May 28, 2017 and your name will be entered into the draw for a Samsung Tablet. ($300 value)