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Financial Literacy Resources in Manitoba
Understanding What is Available
This seminar is proudly hosted in partnership with
Entrepreneurs with Disabilities Program
Aboriginal Business Service Network
Canadian Youth Business Foundation
Literacy Partners of Manitoba
SEED Winnipeg
Literacy Partners of Manitoba (LPM) is a non-profit organization that believes literacy is a human right that literacy is everyonersquos business and all Manitobans have a part to play
LPM is a member of the Canadian Literacy and Learning Network a national non-profit organization representing literacy coalitions organizations and individuals from every province and territory
UNESCO definition of Literacyhellip
Literacy is the ability to identify understand
interpret create communicate compute and
use printed and written materials associated
with varying contexts Literacy involves a
continuum of learning to enable an individual to
achieve his or her goals to develop his or her
knowledge and potential and to participate fully
in the wider society (LPM has adopted the UNESCO definition of literacy)
Literacy factshellip
ldquohellip48 of Canadarsquos population does not possess a Level 3
literacy (this is about equal to a Grade 12 education) ndash the level thought to be needed to take full advantage of opportunities present in the global economyrdquo
(Addressing Canadarsquos Literacy Challenge A CostBenefit
Analysis 2009 DataAngel Policy Research Inc)
Plain Language Services and Training
bull Plain language is a style of writing that allows everyone in the audience to more easily understand you message
bull This style of writing allows you to share complex information a clear concise and simplified form
bull Literacy Partners of Manitoba has develops plain language booklets such as ldquoGoing Back to Schoolrdquo ldquoGoing to the Doctorrdquo and ldquoSafe at Workrdquo and will soon be publishing ldquoGoing to the Libraryrdquo
bull These resources are available on our website or in print by contacting our office
bull Literacy Partners of Manitoba provides basic and advanced plain language training in addition to providing plain language services for all types of written documents
bull This service is offered throughout Manitoba
LEARN Line
bull LEARN Line is a provincial adult learner referral program
bull Referrals are provided primarily by telephone but can also be provided through email or in person
bull We provide a learner assessment and offer referrals to adult literacy programs for reading writing spelling or math upgrading An adult literacy centre also offers GED preparation
bull We provide referrals to adult learning centres for high school credit upgrading or Mature High School Diplomas
bull LEARN Line receives about 600 calls from adult learners and service providers each year
bull You can contact the LEARN Line at 947-5757 or toll free at 1-866-947-5757
Online Resources
bull In our presentation we discussed online resources and the links are as follows
bull httpabclifeliteracyca contains a number of great financial literacy resources look under the title ldquoFinancial Literacy Weekrdquo here you will also find the good reads book that was discussed called ldquoEasy Moneyrdquo written by Gail Vaz-Oxlade
bull National Adult Literacy Database (NALD) provides a practical approach to math and financial literacy through resources such as ldquoKitchen Mathrdquo and ldquoMoney Mathrdquo
bull You can find these resources and more at httpwwwnaldca
Go To LEARN
bull Your Go To Guide for Adult Learning in Manitoba
bull An interactive online tool developed to help adult learners and service providers access and understand Adult Learning choices in Manitoba
bull You can access this free resource at
wwwgotolearnmbliteracyca
Or at wwwliteracymbliteracyca
Literacy Partners of Manitoba
bull We are a partnership based organization and our work occurs largely on working with other individuals community groups and organizations
We invite you to contact us at
947-5757 or toll free at 1-866-947-5757
Email us at literacymbliteracyca
Visit us at 401-321 McDermot Avenue Winnipeg Manitoba R3A 0A3
Budgeting Resources Presented by Community Futures Manitoba Staff
Susan Bater ndash EDP Coordinator
Deborah Smith ndash ABSN Coordinator
CONTACT INFORMATION
Deborah Smith ABSN Coordinator Community Futures Manitoba 559-167 Lombard Avenue Winnipeg Manitoba R3B 0V3 Phone 204-944-8438 Fax 204-956-9363 Email dsmithcfmanitobaca
Introduction
A budget is a plan or process that helps us
ndash Pay living expenses
ndash Pay off debts
ndash Decide what we can afford
ndash Save towards financial goals
ndash Have money for the things we want to do
The following presentation will provide resources
that offer on line interactive tools resource guides
and teaching tools
httpwwwmoneymentorsca
Budgeting Resource Guides
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Literacy Partners of Manitoba (LPM) is a non-profit organization that believes literacy is a human right that literacy is everyonersquos business and all Manitobans have a part to play
LPM is a member of the Canadian Literacy and Learning Network a national non-profit organization representing literacy coalitions organizations and individuals from every province and territory
UNESCO definition of Literacyhellip
Literacy is the ability to identify understand
interpret create communicate compute and
use printed and written materials associated
with varying contexts Literacy involves a
continuum of learning to enable an individual to
achieve his or her goals to develop his or her
knowledge and potential and to participate fully
in the wider society (LPM has adopted the UNESCO definition of literacy)
Literacy factshellip
ldquohellip48 of Canadarsquos population does not possess a Level 3
literacy (this is about equal to a Grade 12 education) ndash the level thought to be needed to take full advantage of opportunities present in the global economyrdquo
(Addressing Canadarsquos Literacy Challenge A CostBenefit
Analysis 2009 DataAngel Policy Research Inc)
Plain Language Services and Training
bull Plain language is a style of writing that allows everyone in the audience to more easily understand you message
bull This style of writing allows you to share complex information a clear concise and simplified form
bull Literacy Partners of Manitoba has develops plain language booklets such as ldquoGoing Back to Schoolrdquo ldquoGoing to the Doctorrdquo and ldquoSafe at Workrdquo and will soon be publishing ldquoGoing to the Libraryrdquo
bull These resources are available on our website or in print by contacting our office
bull Literacy Partners of Manitoba provides basic and advanced plain language training in addition to providing plain language services for all types of written documents
bull This service is offered throughout Manitoba
LEARN Line
bull LEARN Line is a provincial adult learner referral program
bull Referrals are provided primarily by telephone but can also be provided through email or in person
bull We provide a learner assessment and offer referrals to adult literacy programs for reading writing spelling or math upgrading An adult literacy centre also offers GED preparation
bull We provide referrals to adult learning centres for high school credit upgrading or Mature High School Diplomas
bull LEARN Line receives about 600 calls from adult learners and service providers each year
bull You can contact the LEARN Line at 947-5757 or toll free at 1-866-947-5757
Online Resources
bull In our presentation we discussed online resources and the links are as follows
bull httpabclifeliteracyca contains a number of great financial literacy resources look under the title ldquoFinancial Literacy Weekrdquo here you will also find the good reads book that was discussed called ldquoEasy Moneyrdquo written by Gail Vaz-Oxlade
bull National Adult Literacy Database (NALD) provides a practical approach to math and financial literacy through resources such as ldquoKitchen Mathrdquo and ldquoMoney Mathrdquo
bull You can find these resources and more at httpwwwnaldca
Go To LEARN
bull Your Go To Guide for Adult Learning in Manitoba
bull An interactive online tool developed to help adult learners and service providers access and understand Adult Learning choices in Manitoba
bull You can access this free resource at
wwwgotolearnmbliteracyca
Or at wwwliteracymbliteracyca
Literacy Partners of Manitoba
bull We are a partnership based organization and our work occurs largely on working with other individuals community groups and organizations
We invite you to contact us at
947-5757 or toll free at 1-866-947-5757
Email us at literacymbliteracyca
Visit us at 401-321 McDermot Avenue Winnipeg Manitoba R3A 0A3
Budgeting Resources Presented by Community Futures Manitoba Staff
Susan Bater ndash EDP Coordinator
Deborah Smith ndash ABSN Coordinator
CONTACT INFORMATION
Deborah Smith ABSN Coordinator Community Futures Manitoba 559-167 Lombard Avenue Winnipeg Manitoba R3B 0V3 Phone 204-944-8438 Fax 204-956-9363 Email dsmithcfmanitobaca
Introduction
A budget is a plan or process that helps us
ndash Pay living expenses
ndash Pay off debts
ndash Decide what we can afford
ndash Save towards financial goals
ndash Have money for the things we want to do
The following presentation will provide resources
that offer on line interactive tools resource guides
and teaching tools
httpwwwmoneymentorsca
Budgeting Resource Guides
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
UNESCO definition of Literacyhellip
Literacy is the ability to identify understand
interpret create communicate compute and
use printed and written materials associated
with varying contexts Literacy involves a
continuum of learning to enable an individual to
achieve his or her goals to develop his or her
knowledge and potential and to participate fully
in the wider society (LPM has adopted the UNESCO definition of literacy)
Literacy factshellip
ldquohellip48 of Canadarsquos population does not possess a Level 3
literacy (this is about equal to a Grade 12 education) ndash the level thought to be needed to take full advantage of opportunities present in the global economyrdquo
(Addressing Canadarsquos Literacy Challenge A CostBenefit
Analysis 2009 DataAngel Policy Research Inc)
Plain Language Services and Training
bull Plain language is a style of writing that allows everyone in the audience to more easily understand you message
bull This style of writing allows you to share complex information a clear concise and simplified form
bull Literacy Partners of Manitoba has develops plain language booklets such as ldquoGoing Back to Schoolrdquo ldquoGoing to the Doctorrdquo and ldquoSafe at Workrdquo and will soon be publishing ldquoGoing to the Libraryrdquo
bull These resources are available on our website or in print by contacting our office
bull Literacy Partners of Manitoba provides basic and advanced plain language training in addition to providing plain language services for all types of written documents
bull This service is offered throughout Manitoba
LEARN Line
bull LEARN Line is a provincial adult learner referral program
bull Referrals are provided primarily by telephone but can also be provided through email or in person
bull We provide a learner assessment and offer referrals to adult literacy programs for reading writing spelling or math upgrading An adult literacy centre also offers GED preparation
bull We provide referrals to adult learning centres for high school credit upgrading or Mature High School Diplomas
bull LEARN Line receives about 600 calls from adult learners and service providers each year
bull You can contact the LEARN Line at 947-5757 or toll free at 1-866-947-5757
Online Resources
bull In our presentation we discussed online resources and the links are as follows
bull httpabclifeliteracyca contains a number of great financial literacy resources look under the title ldquoFinancial Literacy Weekrdquo here you will also find the good reads book that was discussed called ldquoEasy Moneyrdquo written by Gail Vaz-Oxlade
bull National Adult Literacy Database (NALD) provides a practical approach to math and financial literacy through resources such as ldquoKitchen Mathrdquo and ldquoMoney Mathrdquo
bull You can find these resources and more at httpwwwnaldca
Go To LEARN
bull Your Go To Guide for Adult Learning in Manitoba
bull An interactive online tool developed to help adult learners and service providers access and understand Adult Learning choices in Manitoba
bull You can access this free resource at
wwwgotolearnmbliteracyca
Or at wwwliteracymbliteracyca
Literacy Partners of Manitoba
bull We are a partnership based organization and our work occurs largely on working with other individuals community groups and organizations
We invite you to contact us at
947-5757 or toll free at 1-866-947-5757
Email us at literacymbliteracyca
Visit us at 401-321 McDermot Avenue Winnipeg Manitoba R3A 0A3
Budgeting Resources Presented by Community Futures Manitoba Staff
Susan Bater ndash EDP Coordinator
Deborah Smith ndash ABSN Coordinator
CONTACT INFORMATION
Deborah Smith ABSN Coordinator Community Futures Manitoba 559-167 Lombard Avenue Winnipeg Manitoba R3B 0V3 Phone 204-944-8438 Fax 204-956-9363 Email dsmithcfmanitobaca
Introduction
A budget is a plan or process that helps us
ndash Pay living expenses
ndash Pay off debts
ndash Decide what we can afford
ndash Save towards financial goals
ndash Have money for the things we want to do
The following presentation will provide resources
that offer on line interactive tools resource guides
and teaching tools
httpwwwmoneymentorsca
Budgeting Resource Guides
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Literacy factshellip
ldquohellip48 of Canadarsquos population does not possess a Level 3
literacy (this is about equal to a Grade 12 education) ndash the level thought to be needed to take full advantage of opportunities present in the global economyrdquo
(Addressing Canadarsquos Literacy Challenge A CostBenefit
Analysis 2009 DataAngel Policy Research Inc)
Plain Language Services and Training
bull Plain language is a style of writing that allows everyone in the audience to more easily understand you message
bull This style of writing allows you to share complex information a clear concise and simplified form
bull Literacy Partners of Manitoba has develops plain language booklets such as ldquoGoing Back to Schoolrdquo ldquoGoing to the Doctorrdquo and ldquoSafe at Workrdquo and will soon be publishing ldquoGoing to the Libraryrdquo
bull These resources are available on our website or in print by contacting our office
bull Literacy Partners of Manitoba provides basic and advanced plain language training in addition to providing plain language services for all types of written documents
bull This service is offered throughout Manitoba
LEARN Line
bull LEARN Line is a provincial adult learner referral program
bull Referrals are provided primarily by telephone but can also be provided through email or in person
bull We provide a learner assessment and offer referrals to adult literacy programs for reading writing spelling or math upgrading An adult literacy centre also offers GED preparation
bull We provide referrals to adult learning centres for high school credit upgrading or Mature High School Diplomas
bull LEARN Line receives about 600 calls from adult learners and service providers each year
bull You can contact the LEARN Line at 947-5757 or toll free at 1-866-947-5757
Online Resources
bull In our presentation we discussed online resources and the links are as follows
bull httpabclifeliteracyca contains a number of great financial literacy resources look under the title ldquoFinancial Literacy Weekrdquo here you will also find the good reads book that was discussed called ldquoEasy Moneyrdquo written by Gail Vaz-Oxlade
bull National Adult Literacy Database (NALD) provides a practical approach to math and financial literacy through resources such as ldquoKitchen Mathrdquo and ldquoMoney Mathrdquo
bull You can find these resources and more at httpwwwnaldca
Go To LEARN
bull Your Go To Guide for Adult Learning in Manitoba
bull An interactive online tool developed to help adult learners and service providers access and understand Adult Learning choices in Manitoba
bull You can access this free resource at
wwwgotolearnmbliteracyca
Or at wwwliteracymbliteracyca
Literacy Partners of Manitoba
bull We are a partnership based organization and our work occurs largely on working with other individuals community groups and organizations
We invite you to contact us at
947-5757 or toll free at 1-866-947-5757
Email us at literacymbliteracyca
Visit us at 401-321 McDermot Avenue Winnipeg Manitoba R3A 0A3
Budgeting Resources Presented by Community Futures Manitoba Staff
Susan Bater ndash EDP Coordinator
Deborah Smith ndash ABSN Coordinator
CONTACT INFORMATION
Deborah Smith ABSN Coordinator Community Futures Manitoba 559-167 Lombard Avenue Winnipeg Manitoba R3B 0V3 Phone 204-944-8438 Fax 204-956-9363 Email dsmithcfmanitobaca
Introduction
A budget is a plan or process that helps us
ndash Pay living expenses
ndash Pay off debts
ndash Decide what we can afford
ndash Save towards financial goals
ndash Have money for the things we want to do
The following presentation will provide resources
that offer on line interactive tools resource guides
and teaching tools
httpwwwmoneymentorsca
Budgeting Resource Guides
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Plain Language Services and Training
bull Plain language is a style of writing that allows everyone in the audience to more easily understand you message
bull This style of writing allows you to share complex information a clear concise and simplified form
bull Literacy Partners of Manitoba has develops plain language booklets such as ldquoGoing Back to Schoolrdquo ldquoGoing to the Doctorrdquo and ldquoSafe at Workrdquo and will soon be publishing ldquoGoing to the Libraryrdquo
bull These resources are available on our website or in print by contacting our office
bull Literacy Partners of Manitoba provides basic and advanced plain language training in addition to providing plain language services for all types of written documents
bull This service is offered throughout Manitoba
LEARN Line
bull LEARN Line is a provincial adult learner referral program
bull Referrals are provided primarily by telephone but can also be provided through email or in person
bull We provide a learner assessment and offer referrals to adult literacy programs for reading writing spelling or math upgrading An adult literacy centre also offers GED preparation
bull We provide referrals to adult learning centres for high school credit upgrading or Mature High School Diplomas
bull LEARN Line receives about 600 calls from adult learners and service providers each year
bull You can contact the LEARN Line at 947-5757 or toll free at 1-866-947-5757
Online Resources
bull In our presentation we discussed online resources and the links are as follows
bull httpabclifeliteracyca contains a number of great financial literacy resources look under the title ldquoFinancial Literacy Weekrdquo here you will also find the good reads book that was discussed called ldquoEasy Moneyrdquo written by Gail Vaz-Oxlade
bull National Adult Literacy Database (NALD) provides a practical approach to math and financial literacy through resources such as ldquoKitchen Mathrdquo and ldquoMoney Mathrdquo
bull You can find these resources and more at httpwwwnaldca
Go To LEARN
bull Your Go To Guide for Adult Learning in Manitoba
bull An interactive online tool developed to help adult learners and service providers access and understand Adult Learning choices in Manitoba
bull You can access this free resource at
wwwgotolearnmbliteracyca
Or at wwwliteracymbliteracyca
Literacy Partners of Manitoba
bull We are a partnership based organization and our work occurs largely on working with other individuals community groups and organizations
We invite you to contact us at
947-5757 or toll free at 1-866-947-5757
Email us at literacymbliteracyca
Visit us at 401-321 McDermot Avenue Winnipeg Manitoba R3A 0A3
Budgeting Resources Presented by Community Futures Manitoba Staff
Susan Bater ndash EDP Coordinator
Deborah Smith ndash ABSN Coordinator
CONTACT INFORMATION
Deborah Smith ABSN Coordinator Community Futures Manitoba 559-167 Lombard Avenue Winnipeg Manitoba R3B 0V3 Phone 204-944-8438 Fax 204-956-9363 Email dsmithcfmanitobaca
Introduction
A budget is a plan or process that helps us
ndash Pay living expenses
ndash Pay off debts
ndash Decide what we can afford
ndash Save towards financial goals
ndash Have money for the things we want to do
The following presentation will provide resources
that offer on line interactive tools resource guides
and teaching tools
httpwwwmoneymentorsca
Budgeting Resource Guides
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
LEARN Line
bull LEARN Line is a provincial adult learner referral program
bull Referrals are provided primarily by telephone but can also be provided through email or in person
bull We provide a learner assessment and offer referrals to adult literacy programs for reading writing spelling or math upgrading An adult literacy centre also offers GED preparation
bull We provide referrals to adult learning centres for high school credit upgrading or Mature High School Diplomas
bull LEARN Line receives about 600 calls from adult learners and service providers each year
bull You can contact the LEARN Line at 947-5757 or toll free at 1-866-947-5757
Online Resources
bull In our presentation we discussed online resources and the links are as follows
bull httpabclifeliteracyca contains a number of great financial literacy resources look under the title ldquoFinancial Literacy Weekrdquo here you will also find the good reads book that was discussed called ldquoEasy Moneyrdquo written by Gail Vaz-Oxlade
bull National Adult Literacy Database (NALD) provides a practical approach to math and financial literacy through resources such as ldquoKitchen Mathrdquo and ldquoMoney Mathrdquo
bull You can find these resources and more at httpwwwnaldca
Go To LEARN
bull Your Go To Guide for Adult Learning in Manitoba
bull An interactive online tool developed to help adult learners and service providers access and understand Adult Learning choices in Manitoba
bull You can access this free resource at
wwwgotolearnmbliteracyca
Or at wwwliteracymbliteracyca
Literacy Partners of Manitoba
bull We are a partnership based organization and our work occurs largely on working with other individuals community groups and organizations
We invite you to contact us at
947-5757 or toll free at 1-866-947-5757
Email us at literacymbliteracyca
Visit us at 401-321 McDermot Avenue Winnipeg Manitoba R3A 0A3
Budgeting Resources Presented by Community Futures Manitoba Staff
Susan Bater ndash EDP Coordinator
Deborah Smith ndash ABSN Coordinator
CONTACT INFORMATION
Deborah Smith ABSN Coordinator Community Futures Manitoba 559-167 Lombard Avenue Winnipeg Manitoba R3B 0V3 Phone 204-944-8438 Fax 204-956-9363 Email dsmithcfmanitobaca
Introduction
A budget is a plan or process that helps us
ndash Pay living expenses
ndash Pay off debts
ndash Decide what we can afford
ndash Save towards financial goals
ndash Have money for the things we want to do
The following presentation will provide resources
that offer on line interactive tools resource guides
and teaching tools
httpwwwmoneymentorsca
Budgeting Resource Guides
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Online Resources
bull In our presentation we discussed online resources and the links are as follows
bull httpabclifeliteracyca contains a number of great financial literacy resources look under the title ldquoFinancial Literacy Weekrdquo here you will also find the good reads book that was discussed called ldquoEasy Moneyrdquo written by Gail Vaz-Oxlade
bull National Adult Literacy Database (NALD) provides a practical approach to math and financial literacy through resources such as ldquoKitchen Mathrdquo and ldquoMoney Mathrdquo
bull You can find these resources and more at httpwwwnaldca
Go To LEARN
bull Your Go To Guide for Adult Learning in Manitoba
bull An interactive online tool developed to help adult learners and service providers access and understand Adult Learning choices in Manitoba
bull You can access this free resource at
wwwgotolearnmbliteracyca
Or at wwwliteracymbliteracyca
Literacy Partners of Manitoba
bull We are a partnership based organization and our work occurs largely on working with other individuals community groups and organizations
We invite you to contact us at
947-5757 or toll free at 1-866-947-5757
Email us at literacymbliteracyca
Visit us at 401-321 McDermot Avenue Winnipeg Manitoba R3A 0A3
Budgeting Resources Presented by Community Futures Manitoba Staff
Susan Bater ndash EDP Coordinator
Deborah Smith ndash ABSN Coordinator
CONTACT INFORMATION
Deborah Smith ABSN Coordinator Community Futures Manitoba 559-167 Lombard Avenue Winnipeg Manitoba R3B 0V3 Phone 204-944-8438 Fax 204-956-9363 Email dsmithcfmanitobaca
Introduction
A budget is a plan or process that helps us
ndash Pay living expenses
ndash Pay off debts
ndash Decide what we can afford
ndash Save towards financial goals
ndash Have money for the things we want to do
The following presentation will provide resources
that offer on line interactive tools resource guides
and teaching tools
httpwwwmoneymentorsca
Budgeting Resource Guides
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Go To LEARN
bull Your Go To Guide for Adult Learning in Manitoba
bull An interactive online tool developed to help adult learners and service providers access and understand Adult Learning choices in Manitoba
bull You can access this free resource at
wwwgotolearnmbliteracyca
Or at wwwliteracymbliteracyca
Literacy Partners of Manitoba
bull We are a partnership based organization and our work occurs largely on working with other individuals community groups and organizations
We invite you to contact us at
947-5757 or toll free at 1-866-947-5757
Email us at literacymbliteracyca
Visit us at 401-321 McDermot Avenue Winnipeg Manitoba R3A 0A3
Budgeting Resources Presented by Community Futures Manitoba Staff
Susan Bater ndash EDP Coordinator
Deborah Smith ndash ABSN Coordinator
CONTACT INFORMATION
Deborah Smith ABSN Coordinator Community Futures Manitoba 559-167 Lombard Avenue Winnipeg Manitoba R3B 0V3 Phone 204-944-8438 Fax 204-956-9363 Email dsmithcfmanitobaca
Introduction
A budget is a plan or process that helps us
ndash Pay living expenses
ndash Pay off debts
ndash Decide what we can afford
ndash Save towards financial goals
ndash Have money for the things we want to do
The following presentation will provide resources
that offer on line interactive tools resource guides
and teaching tools
httpwwwmoneymentorsca
Budgeting Resource Guides
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Literacy Partners of Manitoba
bull We are a partnership based organization and our work occurs largely on working with other individuals community groups and organizations
We invite you to contact us at
947-5757 or toll free at 1-866-947-5757
Email us at literacymbliteracyca
Visit us at 401-321 McDermot Avenue Winnipeg Manitoba R3A 0A3
Budgeting Resources Presented by Community Futures Manitoba Staff
Susan Bater ndash EDP Coordinator
Deborah Smith ndash ABSN Coordinator
CONTACT INFORMATION
Deborah Smith ABSN Coordinator Community Futures Manitoba 559-167 Lombard Avenue Winnipeg Manitoba R3B 0V3 Phone 204-944-8438 Fax 204-956-9363 Email dsmithcfmanitobaca
Introduction
A budget is a plan or process that helps us
ndash Pay living expenses
ndash Pay off debts
ndash Decide what we can afford
ndash Save towards financial goals
ndash Have money for the things we want to do
The following presentation will provide resources
that offer on line interactive tools resource guides
and teaching tools
httpwwwmoneymentorsca
Budgeting Resource Guides
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Budgeting Resources Presented by Community Futures Manitoba Staff
Susan Bater ndash EDP Coordinator
Deborah Smith ndash ABSN Coordinator
CONTACT INFORMATION
Deborah Smith ABSN Coordinator Community Futures Manitoba 559-167 Lombard Avenue Winnipeg Manitoba R3B 0V3 Phone 204-944-8438 Fax 204-956-9363 Email dsmithcfmanitobaca
Introduction
A budget is a plan or process that helps us
ndash Pay living expenses
ndash Pay off debts
ndash Decide what we can afford
ndash Save towards financial goals
ndash Have money for the things we want to do
The following presentation will provide resources
that offer on line interactive tools resource guides
and teaching tools
httpwwwmoneymentorsca
Budgeting Resource Guides
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
CONTACT INFORMATION
Deborah Smith ABSN Coordinator Community Futures Manitoba 559-167 Lombard Avenue Winnipeg Manitoba R3B 0V3 Phone 204-944-8438 Fax 204-956-9363 Email dsmithcfmanitobaca
Introduction
A budget is a plan or process that helps us
ndash Pay living expenses
ndash Pay off debts
ndash Decide what we can afford
ndash Save towards financial goals
ndash Have money for the things we want to do
The following presentation will provide resources
that offer on line interactive tools resource guides
and teaching tools
httpwwwmoneymentorsca
Budgeting Resource Guides
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Introduction
A budget is a plan or process that helps us
ndash Pay living expenses
ndash Pay off debts
ndash Decide what we can afford
ndash Save towards financial goals
ndash Have money for the things we want to do
The following presentation will provide resources
that offer on line interactive tools resource guides
and teaching tools
httpwwwmoneymentorsca
Budgeting Resource Guides
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
httpwwwmoneymentorsca
Budgeting Resource Guides
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
httpwwwfcac-acfcgcca
Budgeting Tools
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
httpwwwmoneyvillecablogpost924683--7-online-budgeting-tools-worth-a-look
Budgeting Tools
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Budgeting Workshop
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Budgeting Teaching Tools
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Spend-o-meter What are you spending
How many coffees do you buy in a week
How many lunches do you buy in a week
How many times do you go out to the movies in a month
httpwwwrbcroyalbankcomsavingsspotspend-o-meterhtml
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Online Budgeting Tools Manitoba START
httpwwwmanitobastartcombudgetbudget-calculatorhtmlbruner
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Online Budgeting Tools CIBC Student Budget Calculator
httpswwwcibccomcaeducationarticlesstudent-budget-calchtml
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Online Budgeting Tools Royal Bank myFinanceTracker
httpwwwrbcroyalbankcommyfinancetrackermyfinancetrackerhtml
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Online Budgeting Tools More Websites
How to Manage your Debt httpwwwrbcroyalbankcomproductspersonalloansbudgetbudget-calculatorhtml
Student Budget Calculator httpwwwrbcroyalbankcomstudentmedicalbudgetcalculator
Budgeting to Save ndash Holidays Renovations Car etc Includes saving calculator httpwwwrbcroyalbankcomsavingsspoteasy-budgeting-toolhtml
Finances for Women includes Budget and Savings calculators httpwwwgoldengirlfinanceca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
COMMUNITY FUTURES ALBERTA | PAN WEST STRATEGY
Entrepreneurs with Disabilities Program
Susan Bater
Entrepreneurs with Disabilities Program Coordinator- Rural Manitoba
Phone 943-2905 ext 4
Email edpinfomtsnet
Website wwwcfmanitobaca
Facebook wwwfacebookcomEDPconnects
wwwcfmanitobaca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
UNDERSTANDING CREDIT
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
bull A snapshot of your credit history bull It indicates the risk you represent for lenders compared with other
consumers bull The higher your score the lower the risk for the lender bull Your credit history starts from day one ndash the first time you get a credit
card a loan line of credit or a cell phone bull Canadas 2 major credit-reporting agencies are Equifax and
TransUnion
From the Office of Consumer Affairs Credit report credit score and credit rating httpwwwicgccaeicsiteoca-bcnsfengca02179htmla
What Does Your Credit Report and Credit Score Mean in Plain English
httpwwwcanlawcomcreditcreditreporthtm
WHAT IS A CREDIT REPORT
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
bull A statistical formula that translates personal information from your credit report and other sources into a 3 digital score
bull The most common score is between 750 and 799 - 7 of the population falling into that group
bull The next most common scores are 800-849 - which accounts for 24
bull The third most common is 700-749 - which represents 19 of the total population measured
Video on understanding your credit score
httpvideoezinemarkcomunderstanding-your-credit-score-canada-46b18ef054chtml
Pdf Publication from Financial Consumer Agency of Canada httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreCreditReportScoreTOC-
engasp
WHAT IS A CREDIT SCORE
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
What factors influence your credit score
bull Your payment history
bull Any collection or bankruptcy recorded
against you
bull Your outstanding debts
bull Your account history
bull The of recent inquiries made about your
credit report
bull The type of credit you are using
httpwwwyoutubecomwatchv=lEJkbxTSQLI
httpwwwcreditcardreviewca5-factors-that-affect-your-credit-rating--article
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
What Does a Equifax Credit report look like
httpwwwrentcheckcorpcomservicescredit_bureau_servicesconsumer_reportingallEQ_Guidepdf
httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExEquifaxScore-engasp
What Does a Transunion Credit report look like
bull httpwwwgroupechocomenglishtrans_unionpdfGuideEn_TUpdf
bull httpwwwfcac-acfcgccaengresourcespublicationsbudgetmoneymgmtcreditreportscoreExTransUnionScore-engasp
bull httpwwwtransunioncomdocsbusinessHowToReadCreditReportpdf
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
How can you maintain a good credit history bull Pay your bills on time bull Try to pay your bills in full by the due date or pay the required minimum
amount bull Contact your creditors if you are having trouble making payments bull Limit the number of credit applications you make bull Read the statements you receive from your credit card company
carefully bull Deal with companies you know and trust bull Get a copy of your credit report from the two credit-reporting agencies at
least once a year and make sure they are accurate
7 Ways to Maintain a Good Credit Score httpcreditaboutcomodcreditreportscoringtphow-to-maintain-good-credit-
scorehtm Great Infographic httpfinancialhighwaycominfographicA20Good20Credit20Score205BIn
fographic5Djpg
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
These cards are meant for people either with bad credit or have yet to build credit
httpcreditcardsredflagdealscomtBad-Credit-Build-Credit Use this Credit Card Selector Tool to help you narrow down your choice The tool allows you to compare the features and costs of over 250 credit cards and find the one that best meets your needs
httpwwwfcac-acfcgccaengresourcespublicationspaymentoptionsrightrespccrightre
spcc-3-engasp Industry Canadas free credit card costs calculator
httpwwwfcac-acfcgccaengresourcestoolCalculatorCreditCardselectorToolCCYSte
pProfile-engaspuserProv=7
Building credit history how a credit card helps
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Equifax Canada National Consumer Relations PO box 190 Station Jean-Talon Montreal Quebec H1S 2Z2 Tel (toll-free) 1-800-465-7166 Fax 514-355-8502 Web site wwwequifaxca
TransUnion Canada Consumer Relations Centre PO Box 338 LCD 1 Hamilton Ontario L8L 7W2 Tel (toll-free) 1-866-525-0262 Fax 905-527-0401 Web site wwwtransunionca
A summary of the methods to request your credit report and their respective characteristics
Methods Advantages Disadvantages
Free of charge
bull Credit score is not provided
bull Can take some time to receive
Internet
Almost instant report
bull Option to get credit score
bull Fee charged
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
What if I find errors in my credit report bull You have the right to explain or protest
bull Contact the credit reporting agency regarding their dispute resolution process
bull If you do not agree with an item following the investigation you are able to add a explanatory statement to your report
From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02181html From CBC News
httpwwwcbccanewsbackgroundidentity-theftcredit-ratinghtml
What information should not be in my credit file
bull Race bull Religion bull Health or health care history bull Criminal charges not resulting in conviction
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
How to Improve your credit score
bull Pay your bills bull Pay off collections bull Reduce credit balances bull Limit credit applications bull Avoid bankruptcy bull Stay within credit limits bull Spot and correct errors in your credit report From Office of Consumer Affairs
httpwwwicgccaeicsiteoca-bcnsfengca02178html
Factors that do not affect your score bull Age bull Income bull Where you live bull Social Support bull Your Inquires
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Bankruptcy bull Should be the last alternative if you cannot meet your financial
responsibilities through payments over a specific period of time
bull Itrsquos a serious step with many consequences
bull When you declare bankruptcy your property minus any exemptions under provincial or territorial law is given to a trustee who then sells it and distributes the resulting money among your creditors
Where to go for help so you donrsquot have to file for bankruptcy
httpwwwmnpdebtcaenpersonalfaq httpwwwbankruptcy-canadacaconsumer-proposals
httpwwwicgccaeicsitebsf-osbnsfenghome Bankruptcy Questions
httpwwwbankruptcycanadacomquestion1htm httpwwwbankruptcy-manitobacom
Repairing Credit after Bankruptcy
httpwwwbankruptcy-canadacacredit-repaircreditRepairhtm
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
bull Make sure that any RRSP loans are reported to your credit bureau
bull Too many credit cards are never a good idea bull If you ever go to a car dealership and test drive a car never
give them your license bull No one else can have access to the information in your
report unless you allow it bull Note Your credit score will affect your rate on all kind of
insurance (home life car etc) Credit Myths that Wonrsquot Die httpmoneymsncomcredit-rating7-nasty-credit-myths-that-
will-not-die-westonaspx
CREDIT TIPS
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Contact Joelle Foster jfostercybfca 480-8481 wwwcybfca
CYBFMB
CYBF Manitoba
CYBF ndash Assisting in dreams
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
SEED Winnipeg is a non profit agency that fights poverty and helps to renew Winnipegrsquos inner city
We do this by helping people start small businesses and save for future goals
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Program Areas
Business Development Services Micro-Enterprise Development Community Worker Ownership Program
Asset Building Programs Matched Saving Programs Standalone Money Management Training Building Blocks RESP program
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Saving Money
Whatever your income the basic principles of saving money are the same
SEED works with people living on a low income In the right circumstances people save even when income is very low
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Tips for saving money
Make sure your goal is SMART
Specific
Measurable
Attainable
Realistic
Timely
bull Set a goal
bull Think about whatrsquos important to you
bull what are your hopes and dreams
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Goal Setting Resource
Canadian Foundation for Economic Education
wwwcfeeorg
Money and Youth workbook ndash PDFs are available to download
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Where does your money go
Keeping track of all the money coming in and out can help you find the ldquowiggle roomrdquo in your budget
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Are you spending your money on the things that are important to you
Keep your goals and values in mind as you record where your money is going
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Check out the Manitoba Securities Commissions website for
a great financial literacy tool
bull Imworthitca
bull Includes real stories from Manitoba women
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
How do you stay
focused on a goal
Pay yourself
first
What could you do to trim your budget
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Want to learn more about saving or investing
the Financial Consumer Agency of Canada has these publications you can order
wwwfcac-acfcgcca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Access government programs
bull Make sure you are applying for any government benefits that you are eligible for
httpwwwgovmbcafsassistancemcbhtml
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
Canada Learning Bond
FREE MONEY for childrenrsquos education
It can be worth up to $2000 for a childrsquos education in the future
o Children born in 2004 or later
o Families getting the child tax benefit
o Families income of $41544 or less
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
SEED offers free workshops
In Wpg - SEED can do money management workshops if you
bull work with people living on a low income
bull have a group of 8 or more
Outside of Wpg ndash SEED can share resources if you want to help families access the Canada Learning Bond
See our website for more info
wwwseedwinnipegca
See our website for more info
wwwseedwinnipegca