• New Age of Banking – Technology

• Changes throughout the years

• Budgeting & Cash flow– Steps– Financial Wellness– Investing

• Borrowing for your Needs– Credit

• Cards• Line of Credit/Loans• Credit Bureau

– Debt Servicing Ratios

• Questions and Answers?

Agenda and discussion pointsAgenda and discussion points

• The Retail Store Experience• Technology in Banking• Accessing Money today vs. Past years• Finance Tracker to balance your budget

New Age of BankingNew Age of Banking

FINANCIAL STRESSFINANCIAL STRESS

BUDGETING AND CASH FLOWBUDGETING AND CASH FLOW

What does Cashflow mean?

Steps to Budgeting:

• Establishing a Budget

• Discretionary vs. Mandatory

• Setting Goals for short and long term

• Track and Measure the Budget

• Review and Adjust

“Its not how much you make, it’s how much you spend”

BUDGETING AND CASH FLOWBUDGETING AND CASH FLOW

BUDGETING AND CASH FLOWBUDGETING AND CASH FLOW

The Art of CompoundingThe Art of Compounding

Reaching Financial Wellness

Source: Ipsos Reid Canadian Financial Monitor

Investable assets of individuals who work with an Investable assets of individuals who work with an advisor are significantly greater than those who don’tadvisor are significantly greater than those who don’t

Investable assets of individuals who work with an Investable assets of individuals who work with an advisor are significantly greater than those who don’tadvisor are significantly greater than those who don’t

BORROWING FOR YOUR NEEDSBORROWING FOR YOUR NEEDS

•What is credit? •What are types of credit products

Credit Cards

•The Good and Bad:

•Ways to build & maintain credit– Treat like debit card: Don’t spend what you don’t have– Pay on Time every month– Ensure Minimum Payment, however strive to pay in full.

•Alternatives–Virtual Visa Debit

Line of Credit & LoansLoans

• Car Loans• Consolidation Loan

Line of Credit

• What is a line of Credit?

Government Student Loans

VS. RBC Student Line of Credit

Mortgages on a home

BORROWING FOR YOUR NEEDSBORROWING FOR YOUR NEEDS

BORROWING FOR YOUR NEEDSBORROWING FOR YOUR NEEDS

Credit BureauCredit Bureau

Applying for Credit

- Debt Servicing Ratios

- Other Considerations for credit

applications

BORROWING FOR YOUR NEEDSBORROWING FOR YOUR NEEDS

RBC Royal Bank ** Great Student BankingExtended Hours of Business ** Post Secondary Lending 7 Locations in Tri-Cities ** Co-Op & Work

Experience