The shock of inflation and higher prices can be tough for many to absorb. November’s Financial Literacy Month provides a chance to help people increase their knowledge and resilience.

Managing your money in a changing world is the theme of this year’s Financial Literacy Month led by the Financial Consumer Agency of Canada (FCAC).

Many Canadians are feeling financially squeezed. According to an FCAC dashboard on Canadians’ financial well-being almost half of Canadian households with debt said their debt had increased. And less than 50% described themselves as financially knowledgeable.

To help increase financial literacy, the OSC has many in person and online activities and resources that will be highlighted throughout the month.

The OSC has a new resource to help people improve their knowledge and confidence in investing, managing money, and planning for the future. Investing Academy by GetSmarterAboutMoney.ca has free courses in French and English.

The interactive lessons follow micro learning trends. They offer short, interactive lessons that include activities, quizzes, tips and videos. Students can gain new knowledge and put it into action with confidence. Registration is free.

Canadian debt is on the rise. Many people are facing credit card bills and mortgage concerns. While debt can help you buy things, too much debt can limit your financial options and make your life stressful. Read eight steps you can take to reduce debt.

Flying solo with your finances may not always make the most sense. It can reduce stress to consult with an expert instead of doing everything on your own. Find out more reasons to consider working with a financial advisor.

More Canadians said they’re being targeted for their financial information through phishing or hacking compared to last year. That’s according to the FCAC’s dashboard on Canadians’ financial well-being. It’s more important than ever to know how to avoid phishing scams and protect your private information.

You likely feel twice as bad when you lose $10, than when you win $10. That’s due to loss aversion. It’s a powerful behavioural bias. It can affect how you protect your property and assess risk in your financial decisions.

Starting at the very beginning can be a good idea. The building blocks of financial literacy begin with understanding bank account basics such as: how saving accounts work and how chequing accounts work.

One of the best ways to cope with unexpected financial changes is to have an emergency fund. Having money set aside to cover essential living expenses can help you avoid taking on debt.

Warnings & Alerts

Upcoming events