November is Financial Literacy Month! Throughout this month, financial education providers offer a wide range of events to help Canadian to learn how to manage their personal finances. A complete lists of these events and resources can be found with the link: Canadian Financial Literacy Database.
Financial literacy is having the knowledge, skills and confidence to make responsible financial decisions.
- Knowledgerefers to an understanding of personal and broader financial matters
- Skillsrefer to the ability to apply that financial knowledge in everyday life
- Confidencemeans having the self-assurance to make important decisions
- Responsible financial decisionsrefers to the ability of individuals to use the knowledge, skills and confidence they have gained to make choices appropriate to their own circumstances.1
For more information about the Financial Literacy Month, please visit: http://Canada.ca/Financial-Literacy-Month
Source: Financial Consumer Agency of Canada