Activity 2

Developing good habits

opening a bank account and creating a system for savings

There are ways that we can take better care of our money so that we can afford the things we need. It’s important to consider the pros and cons of how we look after our money.

How do you look after your money now?

Consider the following options:

STORE ACCOUNT

COSTS

BENEFITS

CREDIT CARD ACCOUNT

COSTS

BENEFITS

BANK CHEQUING

COSTS

BENEFITS

BANK SAVINGS

COSTS

BENEFITS

Which of these options might make the best sense for how to access your money to get the things you and your family need?

Financial Literacy Activities Funded by the Government of Nunavut Department of Family Services. Content and design produced by the Aqqiumavvik Society (Arviat).