This chapter explores the essential foundations of financial literacy, moving beyond simple calculations to real-world money management. Students begin by distinguishing between good debt and bad debt, while mastering the power of budgeting to understand the true cost of living independently. By analyzing the expenses involved in living on your own, students gain a practical perspective on wealth preservation and cash flow.

The unit also provides an in-depth look at the diverse landscape of investments. We examine various options tailored to different risk tolerances, ranging from low-risk GICs and bonds to more volatile mutual funds, ETFs, and stocks. By weighing the pros and cons of each asset class, students learn how to build a portfolio that aligns with their financial goals and comfort levels.