Welcome to Financial Literacy Month!

Tis the season for financial literacy! During the month of November, Canadians across the country celebrate Financial Literacy Month.

What is Financial Literacy Month?

Financial Literacy Month is a WHOLE month dedicated to improving Canadians’ financial well-being.  It is about empowering Canadians to better manage their money and debt.  It is also about saving for the future, and improving their understanding of finances. This year, the theme for Financial Literacy Month is “Invest in your financial well-being.”

The goal is to encourage Canadians across the nation to take control of their finances. Learning more about your finances will help reduce stress. This includes creating a budget, having a savings and debt reduction plan, and understanding your financial rights and responsibilities.

Why should you care about Financial Literacy Month?

Financial literacy is a basic need. Understanding the basics of finances will help Canadians manage their financial risks more effectively and avoid financial pitfalls. With some major trends in the market, making thoughtful and informed decisions about finances has become more important. Some of these trends include retirement planning, choosing the right investment, and a changing environment.

The financial landscape is a quickly changing environment. With these things taken together, it can cause conflicting views.  It can also create more difficulty in creating and implementing a financial roadmap. This is why Financial Literacy Month is so important!  

What you can look forward To!

During the month of November, we will be sharing different ways to help you better manage your money. You can look forward more on credit scores, mortgage approvals, and growing your net worth. We will be sharing some tips on how to maintain your credit score and how to improve it. Then, later in the month, we will be talking about the types of incomes that you can use for a mortgage approval.  And, to wrap up the end of Financial Literacy Month, we will be sharing ways to increase your net worth.

Stay tuned for all the exciting blog posts that we have in store!

As always, If you have any questions, please get in touch with us here!