About Financial Literacy Month
What is Financial Literacy Month
November is Financial Literacy Month.
During Financial Literacy Month, the Financial Consumer Agency of Canada (FCAC) engages with Canadians and works together with organizations from the private, public, and non-profit sectors to help strengthen the financial literacy of individuals and families.
Throughout the month, organizations from across the country are encouraged to host events and share resources aimed at helping Canadians understand their finances and empowering them to:
- manage their money and debt wisely
- save for the future
- understand their financial rights and responsibilities
A complete list of financial literacy events and resources offered by Canadian organizations is available in the Canadian Financial Literacy Database.
Financial Literacy Month 2020
This year marks the 10th anniversary of Financial Literacy Month. It is also a challenging time for many Canadians who may be struggling financially due to the COVID-19 pandemic. For this reason, it is important to help Canadians understand their finances.
The goal this year is to help Canadians gain financial confidence and make informed financial decisions relevant to their circumstances by equipping them with practical tips and tools.
How can I promote Financial Literacy Month
Promotional material such as digital images, infographics, articles, and a social media guide will be available soon to help promote Financial Literacy Month in your community.
How can I list my organization’s resources or events in the Canadian Financial Literacy Database
FCAC invites organizations across the country to include their financial literacy resources and events in the Canadian Financial Literacy Database. Simply login, if you already have an account, or register to submit your information into the database.
FCAC will review all submissions against a set of publicly-shared criteria before including them in the database.
Why is financial literacy important
Strengthening the financial literacy of Canadians is a key pillar of FCAC’s consumer protection mandate. As the financial marketplace grows increasingly complex, it is crucial that Canadians have the knowledge, skills and confidence to make informed decisions about the financial products and services that best meet their needs. Financial literacy is important not only for the financial well-being of individuals, but also for the economy. Understanding the basics about money is as essential today as numeracy and basic literacy.
Financial literacy research
Financial literacy research is a key part of FCAC’s efforts to improve financial literacy by understanding the behaviour and attitudes behind financial decisions. FCAC also seeks to understand the financial ecosystem within which these decisions are made.
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