The Monnaie Money July 2013 Newsletter. News and tips for better money and credit card management and financial literac

1. MONNAIEMONEY.COM FINANCIAL LITERACY PROJECT
Newsletter
My
Priorities!
My
Future!
June 15th, 2013
Financial literacy provides the foundation of saving and
investing wisely. It is the basics for the responsible use of
credit and money and the making informed financial
decisions that can affect our families and our future. The
MonnaieMoney Financial Literacy Project will provide
fundamental tools for youth.
The objective of the project is to bridge the gap between what
people know and what they need to know with respect to
personal financial skills and provide opportunities for
personal empowerment and enhanced self-sufficiency.
For the past four years the Carrefour jeunesse-emploi de Côte-des-Neiges and the
Jamaican Canadian Community Women’s League of Montreal Inc. have been very active in
promoting financial literacy to the wider community in the city of Montreal.
Content
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4
International Economic
Forum of the Americas
2013

2. MONNAIEMONEY.COM JULY 2013
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Celebrating our country and unity…
On Monday July 1st 2013 at Kent Park, the Carrefour jeunesse-Emploi Côte-des-Neiges
hosted its annual Canada Day BBQ for the kids, youth, adults and seniors of the Côte-des-
Neiges area.
About 2000 residents showed up to enjoy BBQ food, fruit smoothies from McDonald’s, free
gifts and up to 20 local artists from various cultural backgrounds performed on stage.
The event was a successful fun community gathering for people of all ages to celebrate
Canada’s birthday, the biggest Canada Day celebration in the heart of Côte-des-Neiges.
The Carrefour jeunesse emploi de Côte-des-Neiges and Jamaican Canadian Community
Women’s League of Montreal Inc. would like to thank all the volunteer staffs, DJ’s, sponsors,
partners and participants of this annual Canada Day BBQ, especially organizations that held
kiosks, Insta Chèque, Banque du Canada & McDonald’s Restaurants.
We hope to see you again next year!
Online Resources
A website created by the Autorité des marchés financiers, the
regulatory and oversight body for Québec's financial industry:
http://www.tesaffaires.com/index.php/en/
A website from the Financial Consumer Agency of Canada
(FCAC), an independent body working to protect and inform
consumers of financial products and services:
http://www.fcac-acfc.gc.ca/eng/index-eng.asp

3. MONNAIEMONEY.COM JULY 2013
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Negotiating a Better
Wireless Deal for
Your Mobile Device
If
you
will
need
a
cell
phone
just
for
emergencies
or
for
occasional
use,
you
should
be
aware
of
“pay
per
use”
or
prepaid
cards.
These
cards
will
prevent
you
from
getting
yourself
into
costly
contracts
even
if
your
phone
is
hardly
used.
Do
Some
Research
With
the
list
of
your
needs
for
a
wireless
plan,
you
can
turn
to
the
internet
to
conduct
some
research
and
start
comparison
shopping.
All
the
wireless
providers
have
websites
with
the
details
of
the
offers.
When
reading
through
the
information
from
each
provider,
be
sure
to
read
the
fine
print
and
the
conditions.
To
assist
you
in
comparing
different
offers,
you
can
use
Cell
Phone
Etc.
that
has
a
great
tool
at
to
help
you
assess
a
plan
for
your
service
needs.
Visit
Competitors
With
your
research
and
comparison
of
deals,
visit
the
competitors
of
your
current
provider.
Explain
to
the
client
services
representatives
in
the
stores
that
you
have
specific
needs,
a
budget
and
looking
for
a
service
provider
to
beat
the
fee
that
you
are
paying.
By
being
prepared
with
documentation
on
offers
by
other
providers,
you
can
have
leverage
in
bargaining
amongst
companies
that
want
your
business.
State
that
your
current
contract
is
ending
soon
and
you
are
looking
for
the
best
deals
on
the
market.
Pledge
Your
Loyalty
If
your
contract
is
just
about
to
end
in
the
next
few
weeks,
be
proactive
and
call
your
existing
provider
to
explain
that
you
are
in
the
process
of
finding
a
way
of
reducing
the
amount
of
money
that
you
pay
for
wireless
charge.
Be
very
clear
that
you
wish
to
stay
with
them
once
again,
however;
ask
if
there
is
any
wiggle
room
in
terms
of
giving
you
a
better
rate
on
certain
services
be
it
phone,
text
or
web
surfing.
For
more
tips,
follow
us
at
https://twitter.com/monnaie
money
Ian
Smith
is
a
social
media
marketing
strategist
and
competitive
intelligence
researcher.
He
has
written
several
articles
on
the
topics
of
digital
marketing
and
strategic
intelligence
gathering
tools
and
techniques
for
the
past
15
years.
He
contributes
articles
dealing
with
financial
literacy
topics
based
on
his
personal
experiences.
In
early
June
2013,
the
Canadian
Radio-­‐television
Telecommunications
Commission
(CRTC)
introduced
a
new
code
related
to
the
length
of
cellphone
contracts
and
the
fees
that
companies
can
charge
for
international
roaming
and
data.
As
of
December
2013,
consumers
will
have
more
bargaining
power
when
it
comes
to
finding
the
best
deals
for
the
cell
phone
or
other
mobile
devices.
One
key
highlight
from
the
code
that
every
consumer
should
know
is
the
ability
to
cancel
their
wireless
contract
after
two
years
without
paying
a
cancellation
fee.
Although
the
code
comes
into
effect
in
five
months,
you
do
not
have
to
wait
to
bargain
for
a
better
wireless
deal
to
fit
your
needs
and
budget.
With
the
right
mindset
and
following
practical
tips,
you
can
be
paying
much
less
in
fees
when
it
comes
to
wireless
services
for
your
mobile
device.
Know
What
You
Need
Before
Buying
Depending
on
how
you
use
your
mobile
device
will
influence
the
amount
of
money
that
you
will
pay
for
the
wireless
services.

4. MONNAIEMONEY.COM JULY 2013
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The MonnaieMoney team attended the International Economic Forum of the
Americas held at Hilton Bonaventure Hotel on June 12th
, 2013.
Financial Literacy: Preparing for the Future
Against the backdrop of protracted volatility in the global economy, financial literacy
tools are of vital importance in protecting consumers and promoting safer financial
practices. What measures are most effective in empowering youth and other
demographic groups vulnerable to systemic financial risks?

5. Carrefour Jeunesse-Emploi de Côte-des-Neiges
6555, Côte-des-Neiges, # 240
Montreal, Quebec, H3S 2A6
Jamaican Canadian Community Women’s League of
Montreal, Inc.
5465 Queen Mary Rd, # 300
Montreal, Quebec, H3X 1V5
UPCOMING CONTEST …
For more information, contact:
Brian Smith, MonnaieMoney Project Coordinator
(514) 342-5678 ext. 228 / (514) 817-3941
From 10 am to 1pm!
Welcome to our
new sponsor!