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Welcome to the Financial Literacy Resources Page!

Financial Term to Know

‘Budget by omission’ noun. Meaning: When you refuse to write down or otherwise track your spending. Many scrape by without a budget until creditors come knocking, or they have an emergency and unpleasant realities have to be confronted.

Having a budget will help you to figure out where you are spending your money and where you could cut back. The tricky part is sticking to your budget. Need help with creating a budget you can live with? Check out Money Matters or any of the websites and resources below.

Financial literacy is an essential skill that needs ongoing attention – today’s labour markets dictate that individuals have a high level of financial literacy. If left unchecked, the low numeracy skills in Canada could affect Canada’s ability to compete in the global economy.

CanLearn Society is partnering with TD to provide financial information to learners across Alberta.

Money Matters

Created by ABC Life Literacy Canada, Money Matters is a free workshop to help adult learners – including new immigrants, Aboriginal Peoples, single parents and low-income families – become more confident in dealing with personal finances. TD is the founding sponsor of the program, and hundreds of TD volunteer-tutors deliver the program in community learning centres across Canada.

Nearly 50% of Canadians struggle with simple tasks involving math and numbers. The focus of Money Matters is numeracy, money management skills and educational savings opportunities that will help families plan their financial present and future.

Money Matters is a free financial literacy course. If you are interested in offering Money Matters at your organization or program, please contact ABC Life Literacy.

Below are some free financial literacy materials – if you want to find out more about Money Matters, ABC LifeLiteracy – Money Matters. This website is also available in French.

Money Matters – Booklet One

Money Matters – Booklet Two

Money Matters – Booklet Three

 

 

Financial Literacy Month

Financial Futures Calgary

The mission of Financial Futures Calgary is to empower low income Calgarians in managing their money and growing their assets. Their website includes a number of resources and information about their work and the partners that they work with in Calgary.

finlityyc

Calgary’s financial literacy month website. Visit for information about events around Calgary during the Financial Literacy month of November. Check out their tips to create good financial literacy habits here.

Financial Literacy Action Group (FLAG)

FLAG is a coalition of seven organizations that work to assist and improve the financial literacy of Canadians. Find out more about FLAG and Financial Literacy Month in Canada.

The Financial Consumer Agency of Canada

November is Financial Literacy Month (FLM) in Canada. The Financial Consumer Agency of Canada has a website with lots of information and resources for financial literacy.

 

Programs

Momentum

Momentum has information and programs for people living on a low income, want to start a business, learn to manage and save money or learn career skills. Find out more.

Money Mentors

Money Mentors have many learning tools available on their website. You can learn how to create spending plans, deal with debt, save more and build a stronger credit rating. Learn more about money management at your own pace.

PEAK Home Ownership Program

The PEAK  program brings home ownership into reach for dozens of families and individuals who help keep Calgary a vibrant place to live but because of housing prices may choose to move to a more affordable community. For more information about PEAK, click here.

Practical Money Skills

Practical Money Skills is a free financial literacy program to help Canadians understand the fundamentals of money management. Created by Visa, Practical Money Skills offers money management resources including calculators, games, and lesson plans for Canadian families and educators. Find out more.

 

Research and News

Aboriginal Financial Literacy in Canada

Aboriginal Financial Literacy in Canada : Issues and Directions / Dominique Collin. Waterstone Strategies. Research paper prepared for the Task Force on Financial Literacy. Read the report now. Aboriginal Financial Literacy in Canada.

Canadians and Their Money: Building a Brighter Financial Future

Written by the Task Force on Financial Literacy, the National Strategy aims to strengthen the knowledge, skills and confidence of Canadians to make responsible financial decisions. Read the report now. Canadians and Their Money-Task Force Final Report.

Financial Literacy:  Lessons from International Experience

Financial education has been part of the school system for some time, yet a broader concern with financial literacy, or financial capability, among the population as a whole is relatively new. Those dynamics have led the Organisation for Economic Cooperation and Development (OECD) to undertake a two-part financial literacy project. Read the report now. Financial Literacy-Lessons from International Experience.

Ipsos Reid Research – 2011

Just three in ten (28%) Canadians ‘strongly agree’ that ‘their math and money-management skills will help them plan for a secure financial future, leaving most (72%) of Canadians not fully confident, according to a new Ipsos Reid poll conducted on behalf of ABC Life Literacy Canada. Read the report now.

Literacy Matters: A Call to Action

A report on the state of literacy in Canada by Craig Alexander, Senior VP & Chief Economist at the TD Bank Financial Group. This issue of literacy can affect individuals, the economy and society. Literacy Matters.

New Research Shows

A new opinion research survey found that only one-third of Canadian youth, ages 10 to 17-years, say that their parents regularly talk with them about money and finances. The research, conducted by Ipsos Reid on behalf of ABC Life Literacy Canada and sponsored by TD Bank Group, found that money is one of the least discussed issues between parents and kids. Read more about this research.

SEDI is now Prosper Canada

Social and Enterprise Development Innovations (SEDI) is now Prosper Canada. Our new identity clarifies SEDI’s role as Canada’s leading national champion of financial empowerment. We’re helping more Canadians living in poverty to attain greater prosperity, benefiting their communities and Canada as a whole.

TD Financial Literacy Fund

TD Financial Literacy Grant Fund was launched on May 31, 2010. As envisioned at its beginning, the Fund’s mandate as a grantor will end in December 2015. For more information on accessing application information, you can visit the SEDI website.

The Case for Financial Literacy

This report informs and stimulates a policy dialogue about community-based financial literacy programming as a meaningful support for vulnerable Canadians.  Read the report now. The Case for Financial Literacy EN

 

Resources

Easy Reading Work and You Book 1: Make Some Job Choices

The first career planning book in the Easy Reading series uses stories, checklists and exercises to help adults with low literacy create a short list of one to three jobs to investigate. Download the PDF from the alis.alberta.ca website.

Financial Empowerment

Proper Canada has released their Financial Empowerment: Improving Financial Outcomes for Low-income households. You can read the brochure here.

Financial Literacy Blog

Timely commentary on financial literacy policy, practice, research and news relevant to groups serving low income and vulnerable Canadians. Contributors include guest experts, community leaders and CCFL staff.

Financial Literacy Evaluation Resource Kit

complete set of tools to enable community organizations to measure, report on, and enhance the impact of their financial literacy education activities. This initiative was funded by the Investment Industry Regulatory Organization of Canada (IIROC)

Interactive Canada-wide map of community financial literacy programs

A searchable resource to inform and connect the growing community of financial literacy practitioners serving low-income and vulnerable Canadians. Organizations are invited to add their programs at: http://www.theccfl.ca/Community/FLCommunityMap.aspx

Learning Money with Leo App

New from RBC Advice Centre, Learning Money with Leo provides parents with a practical and fun way to help teach their children (3 to 6 years old) about the concepts and value of money. Learn more.

Student Life

TD Canada Trust has a web page with great information for students. Topics include: Managing Money, Smart Saving, Paying for School and Going Places. Find out more here.

 

Websites

A Kids Guide

Ignite Spot is an American accounting company who has set up a page, A Kid’s Guide to Accounting, dedicated to teaching kids about accounting and how to handle their money. They have 26 topics that range from an introduction to accounting to credit to money management. Resources include links to other websites as well as PDF resources for classroom use. Resources are American based, but the basics are the same. Thank you to Liz for suggesting this website!

Annuity.org

Annuity.org is an American website that has a great financial literacy page worth checking out. Their financial literacy page is easy to read and provides some really good basic information on setting a budget, how to use credit responsibly, planning for your retirement and more.

Canadian Centre for Financial Literacy

The Canadian Centre for Financial Literacy (CCFL), is dedicated to supporting financial literacy capacity across Canada. Their website is a resource for financial literacy practitioners who work to empower people to make more informed decisions about their money and to provide support to those who need help. You will find a variety of tools, resources and reports to support the delivery of financial literacy to low income Canadians in your community.

Clearfacts.ca Financial Literacy Site – National Bank

A tool for parents to help in teaching their children, aged 6 – 12, about the importance of saving money. It is offered on the National Bank of Canada’s financial literacy website. Find out more now.

Commission for Financial Literacy and Retirement Income (CFLRI)

Our financial literacy projects, research, financial education and information programmes all contribute towards achieving our vision of financially sorted Kiwis. The New Zealand based website has information on what they are doing in the area of financial literacy.

Feed the Pig!

Feed the Pig will help you do just that, feed your piggy bank. Here, you’ll find helpful tools, articles, tons of tips and other resources to help you on your path to financial stability. We’ll help you think through your spending and saving habits, identify ways you can start saving and commit to making changes that will reduce your debt and grow your savings. Visit the site. This is an American site geared to young people from 25 – 34 years of age.

Financial Literacy Month – USA

Our American neighbours celebrate Financial Literacy Month in April. This website is dedicated to promoting financial literacy regardless of when you celebrate FLM. Check out this website for resources on their 30-day program, tools for success, and recommended websites.

Finance in the Classroom

“Providing high-quality personal finance materials for K-12 educators, students and parents, Finance in the Classroom is the place to help you prepare Utah’s youth to be money smart.” This site is an American site geared to students and teachers. The site has resources for teachers, students, and parents. Worth have a look! Check it out now.

Hands On Banking

“Money skills you need for life”. This website has just come out with a program for seniors called Hands On Banking for Seniors. This curriculum, it is designed for seniors, their caregivers, and loved ones. This specialized program teaches seniors healthy financial habits as well as how to spot and avoid elder financial abuse. The website also includes some great resources for financial literacy. The site is available in English and Spanish. Check the site now.

Kanetix

This is a Canadian site that includes blog articles on personal finance tips. You can check out their list of blog articles here.

Money Matters – Make It Count

Learning to manage your money is a great way to start making the most of your life.  Should you invest in your education?  How do you start saving money?  How can you take charge of your financial future?  All the information you need to answer these questions and more are right here, so check out their website to get started. This is an American website geared to youth.

Mortgage Calculator

It is not uncommon to hear about people who are having problems keeping up with bills, yet over half of us own homes. It’s time that the future generations develop wiser spending habits than previous generations have. “While students learn about the various investment and income-generating opportunities available for adults, their lessons are embedded in the broader framework of financial literacy and preparedness. When preparing student for financially sound futures, from income generation to investing skills, it’s important to provide a global perspective on income-related matters.” This website has resources for teachers, and while American based, has many good resources. Visit the site now.

MyMoneyCoach.ca

Learn how to save money and make smart financial choices. MyMoneyCoach is a free public service provided by the Credit Counselling Society (CCS)

Social and Enterprise Development Innovations (SEDI)

SEDI (Social and Enterprise Development Innovations) is a charitable organization that works with community groups nationwide to expand economic opportunity for Canadians living in poverty through program and policy innovation. Their website provides a variety of resources on financial literacy.

Squawkfox Blog

Kerry K. Taylor started Squawkfox in 2008 as a financially fun newsletter for friends and her blog has since been voted Canada’s Top Money Blogger by The Globe and Mail readership. Squawkfox is a fun blog with a strong focus on consumer smarts. Definitely a website worth checking out.

Task Force on Financial Literacy in Canada

The Task Force on Financial Literacy believes strongly that financial literacy is critical to the prosperity of Canadians and the nation. Increasing the knowledge, skills and confidence of Canadians to make responsible financial decisions will help them meet their personal goals, enhance their quality of life and make Canada more competitive. This website has been archived and no longer supported, however there are resources available on the website regarding the work done by the Task Force. Visit the site. The Financial Consumer Agency of Canada website also has information about the National Strategy for Financial Literacy that the Government of Canada is developing.

TD Bank Wow!Zone

For more than two decades, this free, interactive program has taught over a million kids about budgeting, saving and the importance of building good financial habits early in life. We work with local schools and youth organizations in the U.S. to facilitate the program. Approximately 1,842 trained TD Bank instructors volunteer an average of 320 hours to teach over 7,600 students each month. Complementing the classroom component, students, parents and educators can access games and learning activities at www.tdbank.com/wowzone.

The Simple Dollar

“The Simple Dollar is a place where anyone can come to acquire financial information on finding the best products and services, saving money, making smart investments, and controlling personal finances.” The site covers investing, banking, credit cards, education, and insurance and blog posts are added frequently on these topics. Note that this site contains information for American consumers. Visit the site at www.simpledollar.com.

Tips to Save Money from Credit Counselling Services of Atlantic Canada (CCSAC)

CCSAC has some suggestions on how you can save money and still have fun. Read about their tips here.

Young and Thrifty: Saving Generation Y

This website is another Canadian financial information blog dedicated to educating the Generation Y audience, however I think the website is appealing to all ages. The website is dedicated to learning and teaching all about personal finance.  They understand what a difference a few personal finance basics can make in a person’s life, especially if they learn them at a young age. Check out their website!

 

 

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