About Financial Literacy Month
What is Financial Literacy Month
November is Financial Literacy Month (FLM). Under the leadership of the Financial Literacy Leader, the Financial Consumer Agency of Canada (FCAC) helps coordinate the efforts of, and increase collaboration between, organizations from the private, public and non-profit sectors to strengthen the financial literacy of Canadians and empower them to:
- manage money and debt wisely
- save for the future
- understand their financial rights and responsibilities
Strengthening the financial well-being of Canadians is the vision of the National Strategy for Financial Literacy—Count me in, Canada.
Throughout November, organizations and individuals from across the country are encouraged to host and participate in events and share resources aimed at helping Canadians learn how to manage their personal finances successfully.
A complete list of financial literacy events and resources offered by Canadian organizations is available in the Canadian Financial Literacy Database. During FLM, FCAC promotes the November calendar of events.
What is the theme of Financial Literacy Month 2018
This year’s theme is "Invest in your financial well-being". The goal is to encourage Canadians to take control of their finances and reduce financial stress by making a budget, having a savings and debt reduction plan, and understanding their financial rights and responsibilities.
Throughout the month, FCAC will feature weekly sub-themes. They will bring attention to the benefits of basic money management practices with more specific weekly focuses. They are:
Week 1 (November 1 to 3) - Invest in your financial well-being
Week 2 (November 4 to 10) - Have a plan to pay off your debt
Week 3 (November 11 to 17) - Make informed decisions
Week 4 (November 18 to 24) - Start good habits early
Week 5 (November 25 to 30) - Take control of your finances
How can I promote Financial Literacy Month
Promotional material such as web banners, infographics and a social media guide will be available soon to help promote FLM in your community. Join the conversation on Facebook and Twitter to spread the word and raise awareness of the importance of financial literacy. Use the hashtags #FLM2018 to follow and share information on social media.
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 database. Simply login, if you already have an account, or register to submit your information into the database. To ensure the credibility and usefulness of the resources and tools listed, FCAC will review all submissions against a set of publicly-shared criteria before including them in the database.
Why is financial literacy important
Financial literacy is important for the financial well-being of individuals, but also for the economy as a whole. 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 behaviour and attitudes behind financial decisions. We also need to understand the financial ecosystem within which these decisions are made.
History of Financial Literacy Month
In 2012, the Parliament of Canada proclaimed each November as Financial Literacy Month.
The first FLM was launched in 2011 with the Financial Literacy Action Group (FLAG) to raise awareness among Canadians and stakeholders about the importance of financial literacy in strengthening an individual’s financial well-being. The first FLM brought together 75 organizations to hold 200 events across the country to strengthen financial literacy.
Since then, the momentum has been building as community organizations, volunteer groups, agencies from all levels of government, employers and private companies have become involved in FLM.
During FLM 2017, 808 workshops, seminars and other events were added to the Canadian Financial Literacy Database. Events were held every day of November across Canada. FCAC participated in 13 FLM-related activities.
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