Financial Courses and Tools
Financial preparedness means peace of mind for you and your family. It is critical for Jamati members to assess their finances and spending habits, especially during times of uncertainty. Taking a course or using tools to learn more about topics such as budgeting can help you escape unhealthy spending habits that lead to personal credit debt.
Living within your means entails setting personal financial goals and balancing your income with household expenses. It also means setting aside savings for key life events such as getting married, purchasing a home, pursuing higher education, retirement planning, and any unexpected crises.
Learn more about how to take simple steps toward financial stability by exploring the resources below.
Credit Dojo helps people better understand their finances through free, interactive courses on a wide range of financial topics including Budgeting Basics, Smart Spending, and Reading Your Credit Report. Each lesson comes with videos, illustrations, and examples that break down complex material into simple language for the average learner. The end of each unit comes with a quiz that tests your knowledge and mastery of the subject. Take the courses at your own pace, and jump around as needed!
McGill Personal and Financial Essentials is a free, online course with learning modules that help build your financial literacy in areas such as debt management, investing, and real estate. This course includes a certificate from McGill University upon completion.
Part of planning for the future includes the difficult but necessary process of preparing for what happens to your finances beyond your lifetime. Whether young or old, having a will or testament ensures that your wealth or property is distributed according to your wishes. The below resources can help you learn more about the legal implications of a will in your region and how to protect yourself and your loved ones from losing hard-earned savings.
- Ismaili Legal Professionals’ Alliance (visit the Alliances Canada site)
- Canadian Legal Wills (to receive a 25% discount use code EPB25)
- Axes Law (Ontario – use coupon code 16001)
- Access Pro Bono Wills Clinic (British Columbia)
- Law Students’ Legal Advice Program Clinics (British Columbia)
- Éducaloi (Quebec)
- Federation of Law Societies of Canada (select your region’s law society)
The Government of Canada offers a number of resources specific to managing your financial well-being using government tools and programs for taxes, retirement plans, consumer protection, educational savings, and more. Learn about the benefits and opportunities for Canadians to build their financial portfolios.
Trying to figure out how much money to save, invest or borrow for your imminent and long-term financial needs can be overwhelming. The Ontario Securities Commission makes it easier with pre-developed worksheets to do all the math for you!
Financial calculators include:
- Compound Interest Calculator
- Education Cost Calculator
- Emergency Fund Calculator
- Fee Calculator
- Investment Recovery
- Mortgage Payment Calculator
- Mutual Fund Fee
- Net Worth Calculator
- Pay Down Debt or Invest
- Pay Off Credit Cards and Debt
- Portfolio Benchmark Calculator
- RESP Savings Calculator
- Retirement Budget Worksheet
- Retirement Cash Flow Calculator
- RRIF Withdrawal Calculator
- RRSP Savings Calculator
- Spending Habits Calculator