What is This Year’s Theme for Financial Literacy Month?
The theme for this year’s campaign is “Make Change that Counts: Managing Your Money in a Changing World.” It’s a good starting point for navigating the economic changes we’ve been facing and learning how to adapt our money management skills during times of instability. After facing some staggering changes over the last few years — economic instability, global unrest, and a worldwide pandemic, to name a few– it’s unsurprising that more of us than ever need a bit of extra help with our finances.
How to be Financially Prepared for Anything
What Kinds of Resources are Available for Financial Literacy Month?
With all the resources available this month, you might be wondering where to start. As always, make sure you get your information from a trusted and reliable source to help avoid misinformation and potential fraud. A good place to start is right at the source, the FCAC, which is responsible for coordinating Financial Literacy Month. Other reliable sources of information include the government of Canada website, and trusted news outlets and journalists. Here are a few links to help get you started.
How Does Financial Literacy Month Impact Me?
It might seem like Financial Literacy Month has more to do with financial institutions and other businesses, than it does with your day-to-day life. However, staying informed and aware about financial issues, including security and fraud risks, is another way to ensure that your money stays safe and that you’re not the victim of fraud or identity theft. A recent study from the BBB Canada found that “consumers with low financial literacy levels are more likely to lose money when engaging with a fraudulent business.” It’s worth gaining the knowledge to help avoid fraud or identity theft.
Security issues aside, knowledge is power. The better informed you are, the better your ability to manage and improve your financial situation. If you do find yourself facing money troubles, knowledge and skills make you more resilient. This will help you find a solution sooner than you might otherwise have been able to achieve.
5 Tips to Avoid Financial Scams and Fraud
How Can Financial Literacy Month Help Me With My Finances?
Because there is an enormous focus on personal finances this month, there is an abundance of articles, news stories, resources, and information designed to improve your personal money skills. If you’ve been stuck in a bit of a financial rut or perhaps you’ve been avoiding dealing with your money problems because you’re, understandably, scared to tackle the issue, #FLM2022 is the perfect time to address your finances – particularly if you’re struggling with debts.
Also, accredited non-profit counselling organizations, like the Credit Counselling Society, are receiving more calls this month, so don’t feel like you’re the only one feeling the pinch. If you are overwhelmed by your finances and haven’t been able to reach out for help, consider FLM2022 your jumping off point for sorting out your money troubles.
Post-pandemic Budgeting Tips and Tricks
We Can Help You With Money Skills and Options to Deal With Debt
If you need some extra help navigating options to deal with debt or gain practical money skills, reach out to us for help. One of our friendly credit counsellors will help you come up with a plan that is suited to your situation. They can also recommend one of the free webinars presented by our Education Team to help you feel more comfortable around learning new money skills. Before you know it, you’ll be as excited for Financial Literacy Month as we are. Maybe. 😊