EP267 Managing Your Money in a Changing World
November is Financial Literacy Month in Canada. During Financial Literacy Month, the Financial Consumer Agency of Canada engages and works together with organizations across the country to help strengthen the financial literacy of individuals and families. The theme for 2022 is: Managing Your Money in a Changing World. Throughout the month, they’re focusing on different themes for each week, and in this episode, I will be explaining how you can make a difference in your financial situation today.
As the financial marketplace grows increasingly complex, it is crucial that Canadians have the knowledge, skills, and confidence to make informed decisions about the financial products and services that best meet their needs. Financial fitness is important, not only for the financial well-being of individuals, but also for the economy. Remember: understanding the basics of money is as essential today as numeracy and basic literacy, so make sure to tune in!
“Financial literacy means having the knowledge, skills, and confidence to make responsible financial decisions. This requires small, imperfect actions each day and showing kindness to ourselves when we make a misstep.” – Tracey Bissett
This Week on Young Money:
- The theme of this year’s financial literacy month.
- The importance of taking small, imperfect steps towards financial literacy every day.
- How to find the balance between debt repayments and daily spending.
- Why you should think carefully about borrowing money from banks.
Key takeaways:
- Educate yourself about finances.
- Don’t let your debt get out of control.
- Find your financial balance.
- Save for future goals.
- Borrow money wisely.
- Know your rights.
Resources Mentioned:
- EP044 Dangers of Payday Loans
- EP056 Back to Basics – The 5Cs of Credit
- EP057 Bankruptcy and Consumer Proposals what does it mean with Doug Hoyes
- EP149 Adulting 101: How to Deal with Overwhelming Debt Levels with Taz Rajan, Bromwich + Smith
- EP184 Credit Canada Debt Solutions with Keith Emery
- EP216 How to Deal with Debt Overload with Linda Stern, Crowe Soberman
- EP224 Get the Hell Out of Debt with Erin Skye Kelly
- EP227 Money Like You Mean It with Erica Alini
- EP262 Taking Control of Our Money with Kelley Keehn
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