November is Financial Literacy Month across Canada and a great time to stop and take stock in our current finances, our management and payment of our current debt and what we can do to optimize our financial health among other important checks and analysis.

A critical aspect of our lives is to learn, understand and practice financial literacy so we can live our life as stress free as possible financially while ensuring we are doing the right things to prepare for a comfortable future. As the years have progressed, governments have and continue to take steps that are generating an uneasiness with our financial future. Even companies have ceased providing the wonderful pension plans of yesteryear so we must take it upon ourselves to do the right things to ensure a comfortable retirement in our later years.

Throughout the month, the Financial Consumer Agency of Canada (FCAC) and other organizations will be sharing resources focused at assisting Canadians to further understand our finances and empower us to:

* Manage our money and debt wisely

* Save for the future

* Understand our financial rights

This year’s campaign theme is “Managing Your Money in a Changing World” that anchors our continued complex and constantly changing financial environment and the importance of checking up on our financial health.

Let’s take some time to check-in with our financial position of both debt and savings to determine where we are at presently, where we would like to go and how to get there.

Available Resource Material

Financial Literacy Month 2023

National Financial Literacy Strategy 2021 to 2026

Canadian Foundation for Economic Education

CPA Canada

Credit Counselling Society