Financial Literacy 101

November is Financial Literacy Month in Canada! For ten years, the Financial Consumer Agency of Canada (FCAC), opens a new window along with organizations across the country have worked to support Canadians in learning more about their finances throughout the month of November. This includes how to manage your money and debt wisely, save for the future and understand your financial rights and responsibilities. This year financial literacy also includes knowing what benefits and supports are available to you if you’re struggling financially due to the COVID-19 pandemic.

In support of those goals, FCAC compiles a list of Canadian organizations offering events and resources. You can view them all in the Canadian Financial Literacy Database, opens a new window! This database is available year-round to help you find the financial resources you need. Whether you’re worried about retirement or trying to figure out if a side-gig opportunity is an illegal pyramid scheme or not, there’s something there for you.

FCAC not only compiles resources; they also provide a list of financial tools and calculators, opens a new window to support you in your financial goals. Not sure where to start? Their financial literacy self-assessment quiz, opens a new window can help you figure out what you do know and guide you to the resources that would be the most useful.

If COVID-19 has you struggling financially, CPA Canada has put together an entire page of COVID-19-specific resources, opens a new window that build on the information already available in their financial literacy publications, opens a new window.

The Government of Canada has introduced a number of benefits and credits, opens a new window to help Canadians, but knowing what you qualify for can be confusing. This Financial Relief Navigator, opens a new window from Prosper Canada is the perfect tool to help you figure it out.

And don’t forget about resources right here at the library! Check out this list of materials and online resources in our collection and get started on your journey of improving your financial literacy.

Get started!

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