Manage Your Money By Increasing Your Financial Litracy
November is Financial Literacy Month. It is a good opportunity to learn how to manage your money, especially with the upcoming holidays and tax season just around the corner.
This initiative was created by the federal government to help Canadians advance their financial skills, so they can better manage their money now and in the future. Organizations and individuals across Canada offer a wide variety of events and resources to educate people about financial issues that affect them in real life. Here are just a few resources you can use to improve your understanding of financial issues and money management.
1) DAILY NEWS MEDIA
News headlines in print, web, video, and even social media sources are a gateway to learning more about the latest issues in business and finance. Those who write/talk about personal finance or consumer issues can highlight key facts and explain, in simpler terms, what certain financial issues mean for the average Canadian. Topics may include the stock market, interest rates, mortgages, real estate, and taxes.
2) GOVERNMENT RESOURCES
The Financial Consumer Agency of Canada offers Canadians a wide range of resources available online. Topics of interest include budgeting and money management, savings and investments, mortgages, and banking. In addition to presentations, you can watch videos and search for more resources on the Canadian Financial Literacy Database.
3) TALK TO A PROFESSIONAL
While people may start with their local bank, there are many other professionals who can help you with investments, savings, debt, and retirement. Consider making an appointment with industry professionals such as a certified financial planner, chartered professional accountant, or an accredited mortgage professional. You can find a mortgage broker in your area by visiting www.mcap.com or by visiting the professional association’s website.
By taking advantage of these resources, you’ll begin to see what changes or decisions you can make to improve your financial future.
To find a Mortgage Broker, visit www.mcap.com/findabroker