A Lesson In Financial Literacy

Tips for improving financial literacy

November marks Financial Literacy Month in Canada, and it’s a great opportunity for consumers everywhere to stop and check in with their money management – especially as the pricey holiday season awaits just one month away.

Whether you’re looking to boost your budget, improve your savings or dip your toe in the world of investing, this week’s Money Wise lineup is full of money savvy tips.

Financial Literacy Canada: Get Your Teen Involved In FLM2013

From Twitter initiatives to finance planning workshops, Financial Literacy Month offers many resources to improve your money management – a vastly important skill best taught early in life.

Want to get your teen or kids involved, but aren’t sure how to motivate them about their money? Read on to find out how.

Read Allan’s Blog | Get Your Teen Involved In FLM2013

Got Financial Problems? 5 Financial Mistakes You’ve Probably Made

It’s human to mess up once in a while – but muddling up your finances can have a lasting impact. A nasty credit score will raise its head time and again – when applying for a mortgage, line of credit or even auto financing.

Check out our list of the top 5 most common financial mistakes – and avoid them like the plague.

Read Diane’s Blog | 5 Financial Mistakes You’ve Probably Made

What Immigrants Need To Know About Canadian Banking

Moving to a new nation is overwhelming enough – with all the cultural and linguistic challenges to face, sorting out finances often end up on the back burner.

However, it’s important for new Canadians to get on the right financial track as soon as possible. Here’s a handy checklist of what to tackle first, along with ways to build credit in a new country.

Read Melanie’s Blog | What Immigrants Need To Know About Canadian Banking

And in this week’s finance headlines…

National Interest And Mortgage Rates To Remain Low Through November

Fixed mortgage rates will lower slightly in November, while variable rates will remain unchanged for the long term, according to the RateSupermarket panel.

Read Kelvin’s Blog | National Interest And Mortgage Rates To Remain Low Through November

Is There A Global Real Estate Bubble?

Fears of a global housing market bubble are renewed, as interest rates remain low worldwide, and housing demand grows. Could this lead to a U.S.-style burst and meltdown? What are the consequences for Canadians and our own housing market?

Read Rubina’s Blog | Is There A Global Real Estate Bubble?

How To Talk To Your Spouse About Money – Without A Budget Battle

Money is the leading cause of couple splits – and if you’ve ever been embroiled in a disagreement with your partner over budgets, it’s easy to see why. Discussing money with your loved one can be a delicate art form – read on to learn how to talk finances without the tears.

Read Andrew’s Blog | How To Talk To Your Spouse About Money

Does Starting A Family Mean Putting Retirement Savings On Hold?

Having a baby can be financially challenging – but does it mean putting your retirement savings plan on the backburner? Here’s how to do both.

Read Sean’s Blog | Does Starting A Family Mean Putting Retirement Savings On Hold?

Your Biggest Finance Questions – Answered!

Have important finance questions? Join the RateSupermarket.ca Financial Literacy Twitter Party this Friday, November 8 from 12 – 1 p.m.! Editor Penelope will be on hand to chat about the top financial challenges facing Canadians, and we have some fabulous PRIZES for 5 lucky attendees!

Read Penelope’s Blog | Your Biggest Finance Questions – Answered!

ING Direct Changes Name To Tangerine

In a surprise announcement on November 5, ING Direct announced its new name will be Tangerine as of Spring 2014, as well as new products to come, including a no-free credit card.

Read Penelope’s Blog | ING Direct Changes Name To Tangerine

How Daylight Savings Time Can Be A Home Insurance Risk

Daylight savings time isn’t just about an extra hour or sleep – it’s also when many turn the heat on for the season, increasing risk of fire.

Read Jaclyn’s Blog | How Daylight Savings Time Can Be A Home Insurance Risk

Is BlackBerry In Your Portfolio? Here’s What You Need To Know

Are you a BlackBerry investor? The company’s failure to go private has caused losses for shareholders. Here’s a breakdown of why they’ve changed tactics, and what needs to happen to turn the once-tech leader’s fortunes around.

Read Sean’s Blog | Is BlackBerry In Your Portfolio?

Why You Should Care About Retirement In Your 20s

Believe it or not, you should care about retirement in your 20s. The earlier you start saving for your golden years, the better – but for cash strapped and debt-laden millennials, setting money aside for retirement can seem completely out of reach.

Read Sean’s Blog | Why You Should Care About Retirement In Your 20s

You Answered!

This week, we asked readers:

What are the top financial challenges facing Canadians?

42.2% of poll takers say that managing debt responsibly, such as mortgages and lines of credit, is their number one financial challenge.

35.9% say owning a home, especially in Canada’s expensive urban centres, seems out of reach.

An even 10.9% both say kickstarting an effective savings plan and learning about investing throw them through a loop.

Want in on the winning action? Answer next week’s Q:

Did a money gift (from parents or anyone else) help you afford your home?

Also be sure to visit us on Facebook and Twitter!

Related Topics

Personal Finance / Personal Finance News

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