November is Financial Literacy Month. This year, many Canadians may find themselves struggling to make ends meet as a result of the Covid-19 pandemic. The goal this year is to help all Canadians make good financial decisions.
Take some time this month to think about your financial situation. If you know someone who is struggling to manage their budget, particularly if they have been adversely affected by the pandemic and resulting lock down, why not share some tips and tools with them?
There are lots of tips and tools online that will help you:
- manage your money wisely
- take control of your debt
- save for the future
- understand your financial rights and responsibilities
Four Great Financial Literacy Resources
1: Financial Literacy resources in the the LU resource hub:
2: ABC Life Literacy is holding a series of free webinars
- When? Every Wednesday in November, starting at 3pm ET.
- What will you learn?
- November 4: Building your budget, finding ways to save
- November 11: How to build credit
- November 18: Avoiding scams online
- November 25: Money technology and ways to pay
To register, sign up here. If you cannot attend live, you will still receive a recording.
3: A Family Activity– The Economics of Suppertime
It’s never too early to talk to your children about financial literacy. Here’s a fun activity from the Bank of Canada Museum that you can do with your family:
To find out more and download the resources go to https://www.bankofcanadamuseum.ca/2020/10/economics-of-suppertime/
4: Links for online resources
The Canadian Foundation for Economic Education – Events for newcomers and seniors
Chartered Professional Accountants Canada – Covid-19 Financial Literacy Resources