2024-2025 Student Resource Handbook

88 • • • MONEY MISTAKES AND TIPS Three Biggest Money Mistakes No money management plan for when your living away from home. Too little understanding of how credit cards really work, including that any interest will commence to be charged on cash advances the instant they are taken. Unaware of the importance of credit scores and how a low or a bad score will impact your ability to get a job and secure accommodation. Research throughly every request received. Ask for more information. Mouse over images and links, see which actual site shows as the link before you click on it. Look beyond school: Some employers, such as Tim Horton’s offers grants. A union membership could also qualify you for funds. UFCW (United Food and Commercial Workers) has scholarships for members and their dependents. Spread the risk: It is easier to obtain five $5,000 scholarships that no one has applied for than one $25,000 award everyone has applied for. Niche interest advantage: A student who may play ringette (a sport invented in North Bay) is eligible for up to a $1,000 award. Ever heard of ringette? Exactly! LEGAL AGES In Ontario the legal age the for you to consume alcohol is 19. A licensed establishment is allowed to serve you drinks between 11am and 2am with all alcohol to be removed from tables by 3am. To get married in Ontario, the consenting partners, 18 and older, must first obtain a marriage licence. Submit the application (available online) with two pieces of valid ID, along with the required $100 to $150 fee. It is generally processed within a day, then valid for 90 days. Same sex marriages have been legal in Canada since 2003. Application forms for just about any Government Service that you may need are available at: www.settlement.org FINANCIAL FITNESS BMO Suggests All Students Should Devise and develop a budget which includes all of your general living and any social expenses, transportation, textbooks, supplies, computers. Ask for them and take advantage of many student discounts offered. Also see our website for tons of exclusively negotiated student discounts. Regularly re-evaluate your financial needs. Expect the unexpected and be prepared for extra costs.(books, flat tire, trip home, medical). Review regularly your financial commitments like loans, tuition, shelter, food etc... and adjust your spending. Know your financial obligations. SAY NO TO SCAMS Tips On How Not To Be Scammed • • Scrutinize and research the sources. Check for affiliate links and fees. your full service financial co-operative! approximately85 centsofeverydollar atAlterna is reinvestedback intoyour community. contactus today 800 Bay Street 416.252.5621 alterna.ca 1289 Marlborough Court Oakville, ON. L6H 2R9 (905) 337-9805 [email protected] Your Local Friendly Tax Preparation Experts HAWORTH PARTNERS INC. 1965 Queen Street East, Suite 200 Toronto, ON M4L 1H9 Tel: 647-243-9566 Web: haworthpartners.com