TD Canada Trust - PowerPoint PPT Presentation

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becky hanna and jennifer paddick how to manage your financial situation n.
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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