November is Financial Literacy Month. During Financial Literacy Month, the Financial Consumer Agency of Canada (FCAC) works with private, public, and non-profit organizations to engage with Canadians in order to help strengthen the financial literacy of individuals and families.
What is Financial Literacy? According to FCAC (2019), financial literacy refers to a combination of financial awareness, knowledge, skills, attitudes and behaviours necessary to make sound financial decisions and ultimately achieve individual financial well-being. Financial well-being is the extent to which you can comfortably meet all of your current financial commitments and needs while also having the financial resilience to continue doing so in the future.
This month, events and shared resources will be provided, with the goal of helping Canadians understand their finances and empowering them to manage their money and debt wisely, save for the future, and understand their financial rights and responsibilities.
Throughout the year, CPA Canada works to address the growing social problem of financial literacy in Canada. Their mission is to deliver unbiased objective financial literacy education and information to improve the overall state of financial literacy in Canada. In one of my volunteer roles, I work as a CPA financial literacy volunteer, delivering free financial literacy sessions in local communities to targeted audiences. For more information about the program, please visit: https://www.cpacanada.ca/en/public-interest/financial-literacy/about-cpa-canada-financial-literacy.
Interested in learning more about your finances? Now is a great time to start! Let’s go!
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