Financial Literacy 20, 30

(a)	Identify common recurring deposits and pre-authorized payments (e.g., salary, cell phone bill, loans, vehicle registration, insurance and savings contributions).
(b)	Describe the advantages and disadvantages of pre-authorized payment plans and direct deposits.
(c)	Discuss the importance of monitoring an account to ensure pre-authorized payments and direct deposits are made or received on time.
(d)	Explain the importance of keeping sufficient funds available to cover pre-authorized expenses.
(e)	Describe the process for cancelling pre-authorized payments.
(f)	Discuss the consequences associated with recurring overdrafts on an account.
(g)	Research the rights and responsibilities associated with direct deposits and pre-authorized payments.
(h)	Investigate the elements of a pre-authorized payment agreement (e.g., date, signature, amount and frequency) and a direct deposit authorization (e.g., name, void cheque and banking information).