Financial Literacy Month is around the corner!

by Jane Rooney, Canada's Financial Literacy Leader

October 25, 2016

I am very excited to launch our new blog today, just a few days before the start of Financial Literacy Month (November)!

As Financial Literacy Leader, I speak to a lot of Canadians across the country and I know many of you want to improve your financial situation.

Why this blog?

  • Sharing money tips
    I’ll be sharing information to help you be and stay in control of your finances. Money is the source of a lot of stress! But there are things you can do to manage your debt and save for your future.
  • Keeping you up to date during Financial Literacy Month (FLM)
    I’ll let you know where you can find out about events and resources throughout November. I will also be sharing some exciting news!

What is financial literacy?

Financial literacy is an essential skill and important at all stages of life, from childhood to retirement. 

It’s having the knowledge to shop around for and choose an account or credit card or to figure out your workplace pension and benefits, the skills to negotiate a car loan that keeps interest payments at a minimum, and the confidence to set a budget and stick to it.

So just as you look after yourself by eating well, exercising and going for check-ups with your doctor, it’s important to invest the time when it comes to your money.

I hear from a lot of Canadians that it can be overwhelming! Financial products and services are increasingly complex. We can help you improve your money management skills. Then you can make decisions that are right for you.

What’s in store for #FLM2016?

This will be our sixth FLM. Our theme this year is Managing Money and Debt Wisely – It Pays to Know!

Each week, we will be talking about important issues:

  • starting with a budget
  • living within your means
  • knowing your consumer rights and responsibilities
  • having a savings plan, and
  • reviewing your finances.

FLM is a great opportunity to talk to your family about budgeting, saving and managing your money.

During November, I encourage you to explore the Canadian Financial Literacy Database. You will find a calendar of events, and close to 1,200 resources, including checklists, calculators, tips and tools. It’s a database you can use all year long for information on everything from ordering your credit report to buying your first home and taking out a Registered Retirement Savings Plan, submitted by organizations across the country.

For more on #FLM2016, visit Canada.ca/Financial-Literacy-Month and join the conversation on social media!

 

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