Video: How to use the Canadian Financial Literacy Database  

Transcript

​Video:

The animated video opens with two brothers watching a hockey game on television at home. 

The older brother tries to help his younger brother learn a bit about financial literacy, the Canadian Financial Literacy Database and the self-assessment quiz. 

Sound effects from television: Hockey period ending. Crowd cheers.

Older brother: Wow, what a game!

Younger brother: Yeah, great game but I just can’t seem to concentrate today.

Older brother: I bet I know why. You’ve been trying to figure out your budget and plan for the future since you got married, right?

Younger brother: Yeah. Carol and I have been talking about buying a house and having kids.

Older brother: I’ve been there. Let me show you something.

The brothers look at a laptop. The older brother scrolls through pages on the Financial Consumer Agency of Canada website.

Older brother: I recently discovered the Financial Consumer Agency of Canada website. 

It has unbiased information that we can trust. Here are two of their great tools: 

Video zooms into images on laptop.

Older brother: The Canadian Financial Literacy Database right here. And the financial literacy self-assessment quiz. The quiz asks you questions about how you manage your money and tests your knowledge level on important stuff like banking, spending, credit. 

After about five minutes of effort, you’ll get your results—where you are on track and where you might need some help. 

You can even see how you measure up compared to other Canadians.

Then presto—it takes you directly to a list of resources in the Canadian Financial Literacy Database! You can easily sort through hundreds of resources and focus on what’s important to you. You make some choices and then it quickly updates your results. Do you want to give it a try?

Younger brother: Definitely. Let’s try Resources … Budgeting and Money Management … Parents … Life Event—Family Finances. 

The younger brother scrolls through the resources on the website. 

Wow, that’s way more resources than I expected. Hey, an online calculator! Hmmm … here’s another one that looks good too!

Older brother: So, compare them! Check the box beside each resource you like and hit the “Compare” button. See?

The younger brother checks the boxes beside the listed resources. 

Younger brother: Brilliant! The best part is that I don’t need to go to a bunch of different websites. It would have taken me forever to find this information on my own.

Older brother: Last week, I even checked out something for Mom and Dad about taxes and retirement. 

The older brother navigates through Database on the web page.

Older brother: Such great information, yet it’s so easy to use. Okay, you ready for the third period?  

The brothers turn back to the TV, to catch the end of a commercial about FCAC.

Narrator: If you’re trying to manage your money for today or tomorrow, visit the Financial Consumer Agency of Canada at itpaystoknow.gc.ca​!​