Video tutorials – Credit Canada

This video tutorial is part of a series prepared to mark Credit Education Week Canada (CEWC), an annual event designed to promote sound personal money management.

This video tutorial is one of a series prepared for Credit Education Week Canada (CEWC), held annually to promote sound personal money management.

The host explains that there are two credit rating agencies in Canada -- Equifax and TransUnion. Each is a database of information received from creditors about individuals’ credit and payment history. Financial institutions use this information to decide whether to make a loan.

In this video, the focus is on the importance of saving for the future. The host introduces the concept of paying yourself first, which means putting money into a savings account regularly, just as you would pay a bill.

Even when money is tight, there are ways to cut expenses and save money instead. For example, buying a takeout lunch might cost about $10 a day. Bringing lunch from home could lead to a saving of $2,500 a year.

This video tutorial is part of a series prepared for Credit Education Week Canada (CEWC), held annually to promote sound personal money management.

In this video, the focus is on developing a spending plan. The host suggests that viewers try tracking every dollar they spend for a month. To make the task easier, they can download a monthly budget tracker from the CEWC’s website: http://www.cewc.ca.

In 2007, Credit Canada Debt Solutions and Capital One Canada teamed up to raise public awareness and educate Canadians about their finances through Credit Education Week Canada (CEWC). The week has been observed annually in November since then.