November is Financial Literacy Month. The need for plain language financial materials and a focus on educating clients have become urgent since the global financial crisis. It became obvious in 2008 that we were not getting the information we needed in a format that we could understand. So what can we do?
The launch of Financial Literacy Month on November 1st has initiated a big growth of web resources, games, and articles designed to help us improve our financial literacy.
This “Business View” article highlights Scotia Bank’s new strategy to provide educational resources to people in different stages of their financial life: http://www.northumberlandview.ca/index.php?module=news&&func=display&sid=18296
“Practical Money Skills” is a website developed by Visa Canada that is dedicated to financial literacy, and features several online financial literacy games. http://www.practicalmoneyskills.ca/
The Investor Education Fund has developed a series of cartoons called “Funny Money” that focuses on financial literacy for teens. This series is being used at the Financial Literacy Youth Summit in Richmond Hill, Ontario, November 1st. http://www.funnymoneyinc.com/
The Financial Consumer Agency of Canada has a financial tip for every day of Financial Literacy Month, as well as valuable information on budgeting, mortgages, investments, etc. http://www.fcac-acfc.gc.ca/eng/FLM/FLM-Day-eng.asp
These are just a sample of the fantastic, and free, resources available to consumers. We hope you take the opportunity to celebrate Financial Literacy Month by improving your financial savvy!
by Leah Wilkie