Between Halloween and the Holidays, November is Financial Literacy Month!
Yes, after Halloween and before December when thoughts of the holiday fill our heads, is the month of November.
As if on cue, comes Financial Literacy Month reminding all of us of the importance of being money- mindful going into the buying frenzy, holiday blitz and financial overindulgence that December can often bring, leaving you with a financial hangover in January.
The Government of Canada began the month-long program promoting financial literacy in 2011. The program’s mandate, delivered through the Financial Consumer Agency of Canada (FCAC) is to educate Canadians on the importance of understanding the basics of money to promote financial literacy as an elementary skill as essential as writing, reading and arithmetic. Being more financially knowledgeable is a necessary part of economic well-being, which is recognized as a significant stressor for many Canadians.
Throughout November, individuals and organizations both private and public participate in Financial Literacy Month by sharing resources and knowledge targeted toward helping Canadians from across the country learn how to manage their personal finances effectively.
This year’s theme, “Invest in your financial well-being” focuses on encouraging Canadians to educate themselves and learn how to reduce their financial stress by creating a budget and a plan to decrease debt and increase savings. Also, the government is encouraging Canadians to take control of their finances and be aware of their financial rights and responsibilities as consumers.
Find out more about the Government of Canada’s Financial Literacy Month programs, initiatives and resources, here.