Managing Your Money

Well on Your Way

Managing your money wisely is an important life skill to learn if you get an allowance, have a job, or receive other funds. You may need to pay for food, rent, tuition, books, transportation, insurance, or medicine. You may also want to buy clothes or go out with your friends.

Here are some ways to start learning about managing your money:

• Check out Learn to Manage Your Money on the Alberta Learning Information Service (ALIS) website.
• Visit your bank to see what type of account is right for you. Ask if they offer teens, young adults, or students any special rates, services, or programs.
• Money Mentors offer financial fitness classes, money coaching, financial needs assessments, and credit counselling.
• If you will not be able to manage your money, property, or investment income when you turn 18, the court can appoint a trustee to help you.