Canadians Encouraged to Talk Money as FCAC Launches Financial Literacy Month 2024
Ottawa, ON – November 1, 2024 – The Financial Consumer Agency of Canada (FCAC) has launched its annual Financial Literacy Month campaign, encouraging Canadians to talk openly about money and take steps to improve their financial well-being.
Throughout November, FCAC will be providing Canadians with resources and tools to help them understand their finances, make informed decisions, and plan for the future. The campaign will focus on four key themes:
- Budgeting: Understanding how to track income and expenses, and create a budget that works.
- Saving and Investing: Learning about different saving options and how to invest for the future.
- Debt Management: Managing debt effectively and avoiding financial pitfalls.
- Financial Planning: Planning for future financial needs, such as retirement, education, and emergencies.
The Importance of Financial Literacy
Financial literacy is essential for Canadians to make informed financial decisions and achieve their financial goals. Research shows that Canadians with higher financial literacy are more likely to:
- Save more money
- Plan for retirement
- Avoid excessive debt
- Make better investment decisions
How to Talk About Money
Talking about money can be uncomfortable, but it is essential for improving financial literacy and well-being. FCAC encourages Canadians to:
- Start early: Talk to children about money from a young age.
- Be open: Discuss financial topics with family, friends, and colleagues.
- Seek professional advice: If needed, consult with a financial advisor or credit counsellor.
FCAC Resources
FCAC provides a wide range of resources to help Canadians improve their financial literacy, including:
- Online tools and calculators
- Educational articles and videos
- In-person workshops and webinars
- A toll-free helpline
Get Involved
Canadians are encouraged to participate in Financial Literacy Month by:
- Attending FCAC events or accessing online resources
- Sharing financial literacy tips on social media using #FinLitMonth
- Talking about money with their families, friends, and communities
Quotes
“Financial literacy is a critical life skill that empowers Canadians to make informed financial decisions and achieve their financial goals,” said Judith Robertson, Commissioner of FCAC. “During Financial Literacy Month, we encourage all Canadians to take steps to improve their financial literacy and secure their financial future.”
Additional Information
For more information about Financial Literacy Month 2024, visit the FCAC website at www.fcac-acfc.gc.ca.
Canadians encouraged to talk money as FCAC launches Financial Literacy Month 2024
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