• ATMs/Branches
  • Rates
  • Careers
  • Join Libro
  • Log in
  • to online banking
  • When you're 17-25 managing your money can be tough! You're balancing everyday expenses while thinking about your financial future. It's a Money Thing™ resources can help you understand your grown-up piggy bank.

    16Predatory Lending

    If you are facing debt problems, you may feel that a payday lender is your only option. Not true—you have a number of alternatives to taking out a high-cost payday loan.

    Video on Vimeo: Predatory Lending ›

    14Investment Vehicles

    First-time investor? Do your homework before investing your hard-earned cash. Unless you can predict the future, investing is a risky business. Know your goals, your needs and your tolerance for risk before you put your money at stake.

    Video on Vimeo: Investment Vehicles ›

    12Common Money
    Beliefs

    How do you relate to money?

    Personality can tell us how we learn best, what our strengths are and how we get along with others. But what about revealing our financial personality? As it turns out, there are four money personas that help explain some of our most common financial behaviours.

    Video on Vimeo: Common Money Beliefs ›

    10Leasing vs. Buying:
    A New Car

    To lease or to finance: that is the question!

    The decision to lease or to buy a new car will have an impact on your finances as well as your lifestyle. Understanding the differences will help you make the best decision for you.

    8Comparing Cards

    Every time you make a purchase, you’re choosing from a wide range of payment methods. Cash, debit or credit? Card A, B or C?

    Even though each option represents a way to access basically the same thing (your money), it pays to be smart about when to use each payment type and to understand the differences between them.

    Video on Vimeo: Comparing Cards ›

    6Compound
    Interest

    In case you haven’t heard, compound interest is the best. You may remember it as an equation you had to memorize for math class, but it’s so much more than that. It’s the concept that powers all sorts of savings and investment products and, over time, allows you to turn your money into, well, more money!

    Video on Vimeo: Compound Interest ›

    4Boost Your
    Credit Score

    Credit scores are an area of personal finance that seem a lot more mysterious than they actually are. Many people believe that improving them is a matter of trial and error and, as a result, there’s a lot of “credit score advice” floating around that can end up doing more harm than good.

    Video on Vimeo: Boost Your Credit Score ›

    2Credit Score
    Breakdown

    You've likely heard about credit scores before (thanks to all those commercials with terrible jingles), but what do you actually know about them? How long have they been around? And what's the deal with checking them?

    Video on Vimeo: Credit Score Breakdown ›

    17Understanding Inflation

    Simply put, inflation refers to the rate of change or increase in the average prices of goods and services typically purchased by consumers. When the price level rises, every dollar you have buys a smaller percentage of a good or a service. While prices may seem to rise slowly, the effects of inflation really add up over time!

    Video on Vimeo: Understanding Inflation ›

    15Know Your
    Chequing Account

    Balancing your chequebook gives you power—the power of knowing exactly how much money is available to you. Whether you use a chequebook register, a spreadsheet on your computer or an app on your mobile device, balancing your chequebook is a good habit to form.

    13Loan Basics

    A loan is also one of the biggest financial commitments we make in our lifetime. Rushing into a loan without fully understanding how it will affect your budget can create a very stressful situation that can quickly spiral out of control.

    The good news is that you can avoid this stress entirely by choosing the loan that’s right for you: a loan you can afford, from a reputable lender, with a payment schedule that makes sense.

    Video on Vimeo: Loan Basics ›

    11Living on Your Own

    Are you ready to make the big move?

    There’s more to it than paying rent—living on your own creates new expenses that you may not have considered, such as rental insurance, commuting expenses and furnishing your new place. Here are a number of things to consider as you plan for your big move.

    Video on Vimeo: Living on Your Own ›

    9Emergency Fund
    Boot Camp

    Fitting an emergency fund into your budget can be confusing, though. How much should you save, exactly? What kinds of situations should it be used for? How is it different from your regular savings categories?

    It’s time to get your savings in shape—and having an emergency fund in place is a solid step toward a fit financial future.

    7Co-operatives &
    Credit Unions

    While bank and banking are universally understood and accepted terms, the term credit union is still largely misunderstood and unknown to many. Credit union is an unusual term, isn’t it? Is it just another name for a bank? Is it a credit card company? Do I have to be in a union to join?

    Learn more about what a credit union is and what it means to be a member.

    5Budgeting
    Basics

    When setting up a budget, it’s easy to list all your major expense categories, like your rent or your student loan payment. The tricky part is keeping track of all those little extra expenses—the ones that most people forget to include in their budget in the first place.

    Video on Vimeo: Budgeting Basics ›

    3Foiling
    Identity Theft

    Identity theft is the fastest-growing non-violent crime in North America. Globally, it costs its victims billions of dollars - not to mention the time and hassle involved in recovering a stolen identity. The key to preventing identity theft is being smart with your personal data in all its various forms.

    Video on Vimeo: Foiling Identity Theft ›

    1Choosing your
    financial institution

    As you contemplate moving beyond your piggy bank, the two types of financial institutions that you're most likely to deal with are banks and credit unions. They offer essentially the same products and services including savings and chequing accounts, credit cards, auto loans, mortgages and investment products, but their values and motivations are very different.