Let’s Talk Money

Money. It’s not always the most comfortable topic. With this series, Let’s Talk Money, we aim to give you the tools and learnings to better understand your financial situation while at the University of Toronto.

What Is Financial Literacy?

Financial literacy refers to the knowledge, skills, and understanding to make responsible and informed decisions about managing money, including:

  • Understanding financial concepts (e.g., budgeting, saving)
  • Financial products and services (e.g., credit cards, student loans) 

Why Is It Important?

Without financial literacy, students may find it difficult to pay for necessities. A financially literate student can manage personal finances effectively, by using tools like:

  • A monthly budget
  • Understanding different financial products available to them
  • Planning for financial risks

Being informed now will help you beyond your time at university.

Learn more about managing your money. Check out these topics.

BUDGETING


Manage your money to better understand where you stand, and minimize your money-related stress.

CREDIT


Credit is money that you borrow, with the understanding that you will pay it back. It can help cover some of your costs, as well as accrue points to help you further.

AWARDS


Think: scholarships, loans, government grants, and UTAPS. Money which can be worth applying for.

EXPENSES


Understanding your expenses will help you gain a bigger picture of your budget, and how to help with your financial stability.

WORK


Have you heard of the Work Study Program? Or Experiential Learning? You’ll find opportunities through here.

DEBT MANAGEMENT


Manage your debt can set you up for future success. Find resources about debt, and things to consider.

WAYS TO SAVE


Student discounts! Savings on TTC, entertainment, and more. Check out all of these awesome ways to save.

TAXES


Taxes do not need to be scary. Need help with understanding or filing your taxes? This is where you need to be.

OTHER RESOURCES


Find workshops, videos, and extra resources curated just for you.