Boost your budgeting skills during Financial Literacy Month
(NC) Did you know that according to Statistics Canada, only half of Canadians have a budget? The report called the Canadian Financial Capability Survey indicates more than 30 percent of us struggle to meet our monthly bills and payments – and only 30 percent of Canadians feel they have a good idea of how much money they will need to save to maintain their desired standard of living when they retire.Just ahead of the holiday shopping season, November is Financial Literacy Month. It is the ideal time for people of all ages to improve their financial knowledge. With the theme “Financial Literacy across Generations,” organizations across the country will host events to teach financial skills, like how to understand their credit card statement, manage debt or save for retirement.
You can find a complete list of events at itpaystoknow.gc.ca/flm.
It is never too early or too late to increase your financial understanding, no matter what is your age or financial situation. This November, take the time to learn new skills to help you make the financial decisions that are right for you.
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