Financial Literacy Month is Every Month
November marks the Financial Literacy Month, a month dedicated to developing Canadian financial culture. It is a time for individuals to focus on financial decisions and choices, especially when faced with significant events in their lives. For those with children entering adulthood, studying at university, or starting active lives, the pandemic has provided an opportunity to understand the positive and negative impacts of financial events.
The Financial Literacy Month should be celebrated annually, and it is essential to teach young adults important financial lessons. Three questions to address include having a budget, disposing of emergency funds, and choosing suitable placements. While monetary wealth may not bring happiness, controlling finances can help reduce stress and anxiety.
Source: iA Private Wealth