While April may be time for spring cleaning, November is the time to get your financial house in order.
Since 2011, the Financial Consumer Agency of Canada has designated November as financial literacy month.
Rob McLernon with Grant Thornton says learning how to control you finances is like knowing how government works.
“This is as important, if not more important than that, to set our kids up, our next generation up, to be able to manage their money properly, to understand what’s going on out there with money, with debt, with credit.”
McLernon says there are five goals for this month: financial well-being, living within your means, managing money for student life, teaching children about money and knowing your rights and responsibilities.
He says it can be easy to lose control.
“We seem to be piling on more and more debt and the more knowledge we have concerning financial matters, the better we are to handle them and improve them.”
McLernon says they’ve launched the hashtag #GTknowledgeismoney to provide tips on how to gain control of your financial life.
The FCAC have also posted some steps to financial independence here.
In our blog, #FinLitLeader Jane Rooney shares her tips to help you live within your means. https://t.co/lrAo5D1iKN #FLM2017 pic.twitter.com/nXJkU33wZw
— ItPaysToKnow (@FCACan) November 6, 2017
