why do we need financial literacy?
financial literacy health check
The ballooning cost of living has had a disproportionate impact on low-income households, 77% of whom are financially vulnerable or extremely financially vulnerable.
Research also tells us that when people feel stressed about money or overwhelmed by their financial situation, this stress impacts other areas of their life. It can negatively impact their mental health, physical health, family relationships, and their ability to work.
Financial education and proper planning can reduce this stress and put you on the right path to financial security.
the financial headlines
there’s always hope and good news…
How Financial Technology is Changing the Way Kids Learn About Money
Think about what you were doing at seven years old. Maybe you rode around the neighbourhood with your first bike. Or hit the nearby convenience store to buy some Nerds and sour keys. Financial planning, debt, and budgeting weren’t on your mind. Still, many of your finance behaviours were already developed at seven. […]
Talking about money can help get your finances in order and destigmatize debt, study indicates
Researchers found community-based courses can lend to breaking a cycle of debt People who are open about their debt level and seek peer-supported counselling are more likely to get their finances in order, according to new research out of Western University in London, Ont. Social stigmas were found to be a key factor when […]
What is financial resilience?
“The Financial Resilience Institute defines household financial resilience as a “household’s ability to get through financial hardship, stressors and shocks as a result of unplanned life events,” measured through its Seymour Financial Resilience Index™ (Index). This Index measures financial resilience using indicators such as having household savings, stress levels related to financial obligations and […]
“Finding a community or a resource that will cheer you on and give you the tools has proven to be quite invaluable in having success and long-term success.”
– Jenn Wolowich-Widney, Financial Fundamentals in Calgary
