November is financial literacy month in Canada.
With more and more people struggling to make ends meet and an abundance of studies and surveys showing a large percentage of the population would have trouble coming up with $200 to cover an unexpected bill, this topic is earning a growing share of our attention and a primary reason behind devoting a month to the topic.
Everyone from banks to the federal government have come up with programs and tutorials designed to help Canadians learn more about the world of personal finances.
One organization even has developed a game designed to help young people between 16 and 25 learn the ins-and-outs of money management.
Ottawa also has prepared free tools to identify signals or indicators to help people determine whether they may be headed for problems. This can include checking up on your debt levels or what to do if confronted by an unexpected financial emergency. And then how to get on a healthy financial management track as well as understanding your rights as a borrower.
