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 2021
This year Financial Literacy Month will focus on the renewed National Financial Literacy Strategy 2021-2026 and the importance of building financial resilience in challenging times and a digital economy. The campaign theme Make change that counts! aligns with the theme of the National Strategy and its call to action to make changes to the financial ecosystem, to ensure it is accessible, inclusive, and effective for all Canadians.
Throughout the month, messages will focus on the following sub-themes based on the National Strategy’s key building blocks that have been proven to help consumers develop the skills, capacity, and behaviours that lead to financial resilience.
- Week 1 (November 1 to 6): Managing expenses to keep up with bills and credit commitments
- Week 2 (November 7 to 13): Managing debt to feel in control of your overall debt situation
- Week 3 (November 14 to 20): Managing savings to prepare for financial shocks and unexpected expenses, and achieve your financial goals
- Week 4 (November 21 to 30): Navigating the financial marketplace with knowledge and confidence
All stakeholders in the financial ecosystem have a role to play in helping reduce barriers, catalyze action, and work together, so that we can collectively help Canadians build financial resilience.
Promote Financial Literacy Month
Submit resources or events into 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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