Saving Money
You should always make one of these before you go grocery shopping so that you don't spend too much time going down random aisles of buying things you don't need.
What is a list?
What are coupons?
The rate of the increase in prices / cost of living over time.
What is inflation?
Name three of the 5 major banks in Canada.
What is Scotiabank?
What is RBC?
What is TD Canada Trust?
What is BMO?
This includes anything from cheque forgery and the use of stolen credit cards, to sophisticated scams where an imposter adopts another person's identity to gain access to their assets.
What is identity theft?
The money you earn.
What is income?
This is an online store tactic used to encourage you to spend more money (for example $50 or $100) so that you get something in return...
What is free shipping?
What is tipflation?
An institution that accepts deposits, lends money and transfers funds.
What is a bank?
Owning these things, also called shares or equities, means you have fractional ownership of a company traded on the stock market.
What are stocks?
The money you spend on things.
What is an expense?
This is when a store has a deal on an item and you show evidence to another store who then gives you that item for the sale price from another store.
What is price matching?
What is shrinkflation?
What is a credit union?
This kind of interest is the addition of interest to the principal sum of a loan (for example, you pay interest ON THE INTEREST as well each year, rather than just on the principal).
What is compound interest?
The money you set aside for unexpected expenses (i.e. car breaks down, pet illness, home repairs)
What is an emergency fund?
This practice happens when the scanned price of an item without a price tag is higher than the displayed price, the customer is entitled to receive the item free of charge when it's worth less than $10, or $10 off if it is more than $10.
What is the scanning code of practice?
Using water instead of key ingredients to make it fill the same size bottle or can.
What is aquaflation?
Name one local credit union.
What is Libro?
What is Mainstreet?
What is Meridian?
Canada has this kind of tax system, which means that the more money you earn, the more taxes you pay.
What is a progressive tax system?
What is a stock?
What is real estate?
What is a mutual fund?
This store tactic involves offering expensive pre-made meals and food that you could buy the ingredients and make from home for significantly cheaper.
What is offering convenience?
Large unanticipated profit through no extra effort.
What is windfall?
This account often has monthly fees, is designed for day-to-day banking and is a place to hold money you can quickly access for daily spending.
What is a chequing account?
The belief that personal wellbeing and happiness depends to a large extent on the level of personal consumption, particularly the purchase of material goods.
What is consumerism?