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Financial Literacy

Financial Literacy Events and Activities   |  Budgeting   |  Mini Money Videos   |  The Piggy Bank Tips   |  Financial Literacy Videos   |  All About Tax   |  Let's Spend Together 

Resources and Initiatives

The Fanshawe Student Union (FSU) has many financial resources for students, see below for more information. If you have any financial questions, contact FSU Finance Coordinator Kara D’Arcangelo.

Note: There are several financial aid opportunities for students offered by the Fanshawe Student Union and Fanshawe College. Visit our Financial Aid page for more information.

Financial Literacy Events and Activities

FSU holds financial literacy related activities throughout the year, including:

Visit our Upcoming Events page to view all upcoming events.

Budgeting

Use our fillable PDF templates to create a monthly budget and good financial habits

Budget Health Videos

Episode 1: Meal Planning

Thumbnail from a video. Text states, Tip #1 create a meal plan

Episode 2: Grocery Lists

Thumbnail from a video. Text states, Tip #2 make a grocery list

Episode 3: Discount Days

Thumbnail from a video. Text states, Tip #3 utilize student discount days and shop deals

Episode 4: Pack a Lunch

Thumbnail from a video. Text states, Tip #4 pack a lunch

Episode 5: Buy in Bulk

Thumbnail from a video. Text states, Tip #5 buy in bulk

Episode 6: Shop in Season

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Fanshawe College has a free downloadable Sample Budget you can also use to help simplify your budgeting.

Using a mobile app is another great way to help make budgeting more accesssible. The following apps are free to download:

  • Mint Connect all your accounts to track spending, balances and manage your budget
  • Goodbudget A modern budget tracker that uses the envelope budgeting method

Mini Money Videos

Needs and Wants

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Money Saving Tips: Restaurants

Thumbnail from a video. An illustration of a restaurant and food. Text states 8 power saving restaurant tips.

Credit Card Fees

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Using Credit Cards Properly

Thumbnail from a video. An illustration of a credit card with an X over it. Illustration of a yellow star with the text Credit rating inside of it. Other text states, Properly used

Payday Loans

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Power Saving Tips: Little Things

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Compound Interest Part 1 of 2

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Compound Interest Part 2 of 2

Thumbnail from a video. Mario and Luigi are shown, along with text summarizing their saving habits.

Keeping up with the Joneses

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The Piggy Bank Tips

  • Don’t assume that you don’t qualify for a job posting.
  • Only use 30% or less of your available credit card limit.
  • Review your bank account statements.
  • Create an emergency fund.
  • When negotiating a salary, get the company to name figures first.
  • Learn how to fill out your taxes properly.
  • Keep your savings out of your chequing account.
  • Open a savings account at a different bank.

Financial Literacy Videos

Financial Literacy Month

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Financial Planning

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Koffee with Katy and Coordinators

Illustration of FSU student leaders. Text states Koffee with Katy and Coordinators and the FSU executive team will be answering your questions.

All About Tax

Tax Tips

Remember these helpful tips while filling your taxes this year!

  • You can file your taxes for free! Save money when filing your taxes by using free softwares such as Turbo Tax Free and SimpleTax! You can also search on the CRA website for free tax clinics on your area.
  • Minimize the amount of tax you have to pay by filing your T2202 tax form! A T2202 is an income tax form issued to post-secondary students which shows the amount of tuition that can be deducted from your tax bill. Depending on your situation, this form either will help you pay less taxes for the year or give you a nice refund! You can find it on Web Advisor by going to Financial Information, View My T2202.
  • What is the difference between a T4 and a T4A? A T4 is a tax slip issued to you by your employer. This slip shows how much employment income you were paid during the tax year and the amount of income tax deducted. A T4A tax slip includes other types of income. If you received a bursary, scholarship or a monetary award from Fanshawe, a T4A will be issued to you.
  • CERB and CESB payments are taxable! If you received CERB or CESB payments, you are required to pay taxes on these. A T4A will be issued to you by the CRA which you will need to include when filing your taxes. If your total income for the year was less than $12,000 you don’t have to worry about paying any income tax!
  • Don’t forget to claim the Climate Action Incentive tax credit! If you were over the age of 18 and a resident of Ontario on December 31, 2020, you are elegible to claim the $300 tax credit for single adults. The amounts vary for couples and dependants. Visit the CRA website for more information.

Free Tax Clinics and Free Tax Software for Students

Need help filing your taxes? See below for Free Tax Clinics for Students.

Looking for software to file your taxes? Check out UFile’s free software for students to complete their taxes.

Let's Spend Together

An illustration of a wallet and a photo of sunglasses. Text in the image states, Let's Spend Together! Sunglasses

March 2022

Are you tired of long nights and short days? A pair of sunglasses will change the way! Let us get ready for spring with some amazing coupons, deals and steals on your next shopping experience.

An illustration of a wallet and a photo of eggs. Text in the image states, Let's Spend Together! Meat and eggs

March 2022

Spring cleaning is totally a thing and this should include our fridges too. Meat and eggs are cheapest in March. So remember, in order to make an omelette, you need to break some eggs!

An illustration of a wallet and a photo of a perfume bottle. Text in the image states, Let's Spend Together! Perfume and cards

February 2022

Love and friendship are not always cheap, but there are some items that can make someone feel loved like a sweet perfume and a lovely card. Let’s go and spend together for our loved ones.

An illustration of a wallet and a photo of a jar of honey. Text in the image states, Let's Spend Together! Honey

February 2022

Be cool honey bunny! Here’s to a February filled with good wine, good food and especially good friends like you. Come with us to check out how we can save money while we shower those special people in our lives with love.

An illustration of a wallet and a photo of weights. Text in the image states, Let's Spend Together! Workout gear

January 2022

Health, wealth and happiness. With big sales in the first month of the year, there is no financial excuse to abandon your New Year’s resolutions. Let’s welcome the new year with a new edition of Let’s Spend Together.

An illustration of a wallet and a photo of a block of cheese. Text in the image states, Let's Spend Together! Workout gear

January 2022

Cheese — Happy New Year Falcons!! So grilled to have you back. We are happy to start a new year with new goals and resolutions. With a fresh page on the calendar comes a fresh start for sales, allowing us to share with you the best way to start your year spending less together.

Contact Information

Kara D’Arcangelo

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