Quick Tips from our Programs

JA British Columbia is proud to partner with host educators to bring volunteers from the business community into the classroom and deliver hands-on interactive experiences.

Teachers and educators can view the programs options available to students in grades 5-12 and request one at jabc.ca.

Here are some quick tips you’ll learn from our programs:

Personal Finance

  • The secret to successful budgeting can be summed up in a few simple words: spend less than you earn.  To make a realistic budget, you’ll need to know your income (the money you earn) and your expenses (the money you spend).
  • There are important topics to think about as you move forward and develop a personal finance plan for your future. These include income, education, starting a family, renting or buying a home, retirement and the cost of living.
  • What is the single best predictor of how much income you’ll make in your life?  Education.  Lifetime earnings from someone with a Bachelor’s Degree is estimated at 2.24 million and someone with a high school diploma is 1.49 million- almost a million dollars difference!
  • To minimize the need for a student loan, plan early for post secondary education. Build a savings and carefully research scholarships, grants and other sources of money that don’t require taking on debt.
  • People who only save what’s left over from their paycheque at the end of the month, never save.  Saving money only happens when you set a goal in advance and it’s the first bill paid when your paycheque is deposited.  Many experts agree that saving 10-15% of your income is a good goal.

Credit and Becoming a Savvy Consumer

  • Credit is the ability to buy goods or services now but pay later. Financial institutions look for behaviours that show whether you are likely to repay a loan.  They track these behaviours and assign each consumer a credit score, like a report card grade.
  • Be careful when you shop online. Passwords only keep information safe if you are the only one who knows them.  Don’t use obvious names and numbers, don’t save usernames or passwords on sign-in pages, don’t put your password list on your phone, don’t use the same password for everything.  Make an original password for each thing you want to protect.  Make it a complex combination of numbers, letters and characters.  Create a spreadsheet of passwords in a document you protect with a password.

Career Planning

  • Occupations trend up and down over time.  Ones that are currently trending down include print journalists and door to door postal workers.  Rising ones include mobile technology engineers and social media experts.  Some reasons they trend include: economic growth, technology, demographics, and consumer behaviour.
  • Some valuable strategies for landing a job include networking, targeting what employers want, working with a mentor and creating a strong personal brand. This includes being smart online and in social media.  Many employers “google” potential employees before hiring them. It’s important to have a professional sounding email address, avoid posting pictures of yourself behaving irresponsibly, use good spelling and grammar and avoid saying bad things about previous employers.
  • Good interview skills and an error-free resume are also important to help you achieve your educational and career goals.  (Be sure to list a JABC Program in your educational history- it shows you have developed some business skills!)
  • When you do start a job, you’ll likely face workplace situations that involve a choice between right and wrong. Ethical behaviour in the workplace is very important to employees and employers. For example, most employers expect that a good employee will report unethical behaviour that they see going on, such as a cashier taking $20 out of a cash register.

Learn more about JA British Columbia programs and how they enable young people to gain financial responsibility, make confident decisions, and become forward-thinking innovators