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Your Cheat Sheet For Financial Literacy Month

October 29, 2013

Please, no more financial jargon!  Yet another term that nobody understands.

GOVERNMENT OF CANADA - #FLM2013

Next month, all things financial will take the spotlight in Canada.  November is Financial Literacy Month.  So here’s a head start to take advantage of some great opportunities to learn more about money.

What Is Financial Literacy?

Having the knowledge, skills and confidence to make responsible financial decisions.”  … Canada’s Task Force On Financial Literacy

You need all these things to be good with money.  Smart financial decision-making is a critical life skill.  Whether you earn $25,000 or $250,000 per year, research shows that financial literacy is an important ingredient for happy relationships and a successful life.

Help Is Everywhere

During November, expect to see lots of useful money tips from the media.  There are many people and organizations willing to teach you so now’s the time to improve your skills.  Be careful of organizations with a profit or sales motive.  Its best to rely on independent sources for unbiased financial expertise. In my opinion, some of the best objective resources in Canada for financial learning are:

The Financial Consumer Agency of Canada (FCAC) http://www.fcac-acfc.gc.ca/eng/Pages/home-accueil.aspx

Investor Education Fund (IEF) – Get Smarter About Money http://www.getsmarteraboutmoney.ca/en/Pages/default.aspx#.Um7DUZHe6DU

Certified Professional Accountants (CPA’s) http://www.financialdecisionsmatter.ca/index.aspx

Money Sense Magazine http://www.moneysense.ca

I also like GlobeInvestor (http://www.theglobeandmail.com/globe-investor/#dashboard/follows/) and Financial Post (http://business.financialpost.com/category/personal-finance/) websites.

Free Seminars Abound

Don’t miss out on a great chance to attend a free event.  Consider it an early Christmas present to yourself!

Financial Literacy Month In Canada’s Facebook page has published a calendar of events being hosted across the country. https://www.facebook.com/FLMcanada

Certified Financial Planners (CFP’s) have teamed up with Junior Achievement to offer free money education for youth during November. http://www.financialplanningweek.ca

And, the soon to be launched CPA’s Community Connect Program will  provide ongoing community-based workshops on financial education.

So, what are you waiting for?  With the holiday season around the corner, the time is right to get smarter with money!

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