YAM | Resources

Resources

These sites explain finance topics well and are good places to keep learning.

Test Your Money Knowledge

1. In the 50/30/20 rule, what does the 20% go toward?

Needs Wants Savings Taxes

2. What does inflation do to purchasing power?

Increases it Lowers it Has no effect Doubles it

3. Which investment is generally the lowest risk?

Stocks ETFs GICs Individual company shares

4. Which of these are investments? (check all that apply)

Stocks Bonds Rent ETFs Groceries

5. Which are common tax credits or deductions?

Tuition tax credit RRSP contributions Streaming subscriptions Charitable donations

6. Which are budgeting methods?

Zero-based Envelope 50/30/20 Reverse compound