Events, Money Matters

Financial Survival 2011

It’s that time of year when your final OSAP installment starts to run out and perhaps the bills from the holidays are catching up with you. Not to worry! If you are struggling to find financial tips to help support yourself and/or your family, we understand. That’s why we are inviting you to join us for the annual…

Financial Survival for Student Families
Date: January 27, 2011
Time: 12:00PM – 2:00PM
Location: Wilson Lounge, New College, 45 Wilcocks

Being in school while supporting yourself and sometimes your family on OSAP or graduate funding can make for a tight budget. Join University financial experts and a student panel discussing access to grants and scholarships, financial tips and responsible money management. This event is geared to U of T graduate and undergraduate students and is sponsored by the School of Graduate Studies, Admission and Awards, New College, UTSU, the Graduate Student’s Union, GradLife, and the Family Care Office.

Free lunch and free giveaways.

Pre-registration required; childcare funding while you attend the workshop is available upon arrival; deadline for both is Tuesday, January 25, please email or call the Family Care Office for details.

In anticipation of the event we are holding a Saving Tips & Money Savings Challenge!

Simply email us at family.care@utoronto.ca with your saving tips and your name will be entered for a prize draw! We will then share your tips with other students right here on the Family Care Office Student blog as well as during the event.

We’ve already started receiving tips from fellow students, here’s a few to get you started:

  • Adrian Leckie: “Keeping track of your spending. If you have a tendency of using a lot of money, keep track of what you buy.  For a month, just tally how much you spend.  Afterwards, take note of the purchases that were not necessary (nail polish or that new Bieber CD) and try to reduce the amount you spend every month.  Each month aim for $2 lower until you are only buying the necessities.  At the end of the year, tally the amount you saved, and use a fraction of that money to buy yourself something nice as a reward!”
  • Tonya Callahan: “My all-time most efficient saving tip has to do with meal planning and grocery shopping. The first way to save money and not waste any food is to plan one’s meals. This may require ownership of a number of cookbooks or at least access to some through the library or through friends and family. Well before you anticipate running out of the current food you have in your kitchen, start thinking about planning your upcoming meals. Browse through your cookbooks for meals you would like to make. Try to select a meal that may produce a good amount of left overs, such as chili. As you scan the list of ingredients required, check your refrigerator and cupboards for any items you may already have on hand. This avoids unnecessary duplication. Make a list of the ingredients you will need to purchase from the grocery store. Search around your room or apartment for reusable bags to take to the grocery store. Have a light snack before going to the grocery store so that you will not be shopping out of hunger. Shop for the necessary items on your list only. Do not be tempted to purchase foodstuffs not on your list and stay far away from the junk food in the store. Once home, put away your groceries and immediately begin preparing your meal.”
  • Maria Hernando: “Transport– I go by bike to most places, when it is possible. That allows me to not have to purchase a TTC metro pass or tokens. Overall I always try to think before buying. I consider whether or not I need it or could get something smaller/cheaper.”

Stay tuned for more great money saving tips!

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