In 2012, the Parliament of Canada proclaimed each November as Financial Literacy Month. The intention was to raise awareness among Canadians and stakeholders about the importance of financial literacy in strengthening an individual’s financial well-being.
Financial literacy is about the knowledge, skills and confidence you need to make financial decisions that are right for you. It’s never too early or too late to increase your financial understanding, no matter your age or financial situation.
Throughout the month, The Financial Consumer Agency of Canada (FCAC) will be featuring weekly sub-themes that we will share with you. They will bring attention to the benefits of basic money management practices with more specific weekly focuses. They are:
Week 1 (November 3 to 9) - Start with a budget
Week 2 (November 10 to 16) - Set financial goals
Week 3 (November 17 to 23) - Be a smart financial consumer
Week 4 (November 24 to 30) - Borrow money wisely
Please note that while we would love to take credit for the posts you will be seeing (including this one) we cannot. In fact, you will find that each article is pulled directly from CRA's website, where there is a wealth of knowledge and tools for one to browse. We believe that the information and tools provided by the FCAC will be of great benefit to you should you choose to utilize them.
Stay tuned... and remember, we are here to help you and to answer any questions you may have!