This November marks the second annual financial literacy month. Across Canada, events are being held to improve Canadians’ financial skill sets. Check out our resources for getting involved and improving your financial knowledge.
When it comes to personal finance, Canadians are know-it-alls. Or at least they think they are, according to the RBC Canadian Consumer Outlook survey. On a national scale, 70 per cent of Canadians rate their own financial knowledge as “excellent / good”, while another 65 per cent think the average Canadian’s ranks as “not very good” when it comes to financial know-how.
This week on Money Wise we’re asking Canadians: How confident are you in today’s economy? After all, Canada emerged unscathed from the housing and investment bubbles that have ensnared our neighbouring nations – Germany’s Angela Merkel even praised our economic model as a potential solution for Europe’s woes.
Everyone knows how important it is for parents to support what their children are learning in school. This means sitting with them to do homework and making sure they are keeping their grades up. But what about financial literacy? Who is responsible for teaching kids about money matters?
Camp is over, fall activities don’t start for another month, and your children are getting bored. Rather than spending money trying to entertain them, why not use this time as an opportunity to teach your children how to SAVE money?
Some people are naturally good with their money. They spend less than they make, and they’re able to put money away without the temptation to spend it – but not me. I’ve always been bad with my money; it controlled my life for years. The day my life changed was when I couldn’t even afford to take the bus to work. I realized that my debt was holding me back from the life I wanted for myself.
Learning something new can be a bit overwhelming and the first step is always the hardest. So to lend a helping hand, we’ve put together a list of the top things you wanted to learn about and some resources to start you off in the right direction.
Earlier this week, the Ontario Government announced that financial literacy would be incorporated into the 2011-12 curriculum, for grades four through twelve. Partnering with both the Ontario Securities Commission and the Investor Education Fund, the province wants to develop materials that will teach students the basics about money and will later help them make informed financial decisions. But why now?