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Congrats to Essay Winners

The Caribbean Regional Technical Assistance Centre congratulates the winners of our Financial Literacy for the Caribbean Essay competition which was held in May 2010.

We wish to thank all participants for their entries. Below is the list of our winners and their essays

Making Money with Food

It’s been said that the way to a man’s heart is through his stomach. This saying certainly rings true for not just Jamaican men but women as well, as it is part of our culture to enjoy a good meal. Practically every month a food festival is held somewhere in the country, and people will travel far and wide to partake in the offerings.

With the universal love for eating out, it’s ironic that the restaurant business holds the dubious distinction of having a 90 per cent failure rate. Although researchers debunk this statistic as an urban myth, many persons are still wary of venturing into the food industry because of its varied challenges.

Despite the possible setbacks, there is nothing as satisfying as food preparation for those persons who are naturally talented in this area.

Personal Financial Tips

Pay your bills on time.
Eat more at home and less out.
Take your food to work.
Forgo the ice cream store and pop popcorn at home.

More Financial Tips

Personal Financial Tools

More Financial Tools

Stocks

Stocks are generally liquid investments. Prices of stocks fluctuate up and down and the returns of stocks are not fixed.

Bonds

“Buying bonds” means lending money to government, municipality, corporation, federal agency or other entity known as the issuer.

Mutual Funds

Mutual fund pools money from hundreds and thousands of investors to buy a portfolio of stocks, bonds, real estate, or other securities, according to the investment goals of the mutual fund.