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TD Canada Trust

Becky Hanna and Jennifer Paddick How to Manage your Financial Situation. TD Canada Trust. Products and Tools for Students. Free student bank accounts up to 25 transactions. Student Visa Cards No fee Helps develops a credit bureau file Great for emergencies Student Lines of Credit

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TD Canada Trust

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  1. Becky Hanna and Jennifer Paddick How to Manage your Financial Situation TD Canada Trust

  2. Products and Tools for Students • Free student bank accounts • up to 25 transactions. • Student Visa Cards • No fee • Helps develops a credit bureau file • Great for emergencies • Student Lines of Credit • Preferred repayments (lower monthly payment) • Low interest rates • Products for some graduate degrees ie. MBA, law, veterinary

  3. TD Canada Trust • Financial Planning Tools • www.tdcanadatrust .com….. “planning” “planning tools” • Student budget planner - (living expenses) • Debt management calculator - (snapshot of your debt) • Pre-authorized payment calculator - (projects savings plans) • Cash Flow calculator - (budget) • Net Worth calculator - (measure your progress…use this tool every 6 months to ensure your net worth is increasing

  4. TD Canada Trust • Investment Options • Savings accounts / automatic savings plans • Large portfolio of mutual fund options • Wide range of Guaranteed Investment Certificates (GIC) • Both of these encompass long and short term investment • Financial Planning Advice • Debt Strategies • Saving Strategies

  5. Dealing with Student Loans 2 Basic Goals 1) Cash Flow • Keep your monthly payments manageable • Important when in a transitional time of life 2) Paying down the debt • Reducing your debt once your income is stable

  6. How To Manage Student Credit • OSAP • Understand interest relief and repayment options • KNOW THE DEADLINES AND QUALIFIERS Student Lines of credit • Lower monthly payment compared to regular lines • your credit limit will reduce at year end…consolidate!

  7. Protect your Credit Rating Only pay your minimum payment Save your extra money in a savings account to create a nest egg to help you with future payments **We can help you save**

  8. Starting Early Grows Your Investments Investor “A” - Saves $40 / per week starting at age 25 AND ENDING at age 32 Investor “B” – Saves $40 / per week at age 32 UNTIL age 55

  9. Your Contributions Investor “A” : Total amount invested from your own money $14000 Investor “B” : Total amount invested from your own money $66000

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