Unit+7+notes+-+Financial+Mathematics

===This unit is designed to teach students basic financial management skills. It is intended to be a broad overview of financial topics that will have students start thinking about how they can most effectively make money, save money, and spend money. It will prepare students to more thoroughly explore these topics in Math 9 and Planning 10. ===

=Big Ideas= =__**Unit 7 notes**__=
 * 1) Comparing investments of different dollar amounts using profit will lead to poor financial decisions. Return on Investment is a measurement that allows investments of different sizes to be accurately compared.
 * 2) Making a lot of money will only get you so far in life. The ability to save money and make your money work for you is needed for true financial success.
 * 3) Interest allows your savings to earn money for you without even lifting a finger. Compound interest allows the money you earned in interest to earn even more money.
 * 4) The Canadian tax system is designed so that making more money can never result in a lower after tax income.
 * 5) Keeping track of your income and expenses is an essential part of smart financial management.
 * ===[[file:1. Making Money.pdf|1. Making Money]] ===
 * ===[[file:2. Simple Interest.pdf|2. Simple Interest]] ===
 * ===[[file:3. Compound Interest.pdf|3. Compound Interest]] ===
 * ===[[file:5. Budgeting.pdf|5. Budgeting]] ===
 * ===[[file:5. Budgeting.pdf|5. Budgeting]] ===