Financial Literacy

Let's Talk About The Emotional Aspect Of Personal Finance

JA Canada | Posted 11.20.2015 | Canada Business
JA Canada

When improving or correcting money management behaviour in others, we must be sensitive to the personal and emotional definitions of value that are consciously and unconsciously involved. Yet most financial literacy programs avoid this altogether and focus on the more pragmatic and practical skills.

Healthy Financial Habits Make For A Happy Holidays

Cairine Wilson, CPA Canada | Posted 11.19.2015 | Canada Business
Cairine Wilson, CPA Canada

CPA Canada released a Summer Spending Followup Survey, which revealed that 42 per cent of those surveyed were essentially on-budget this past summer. What does this have to do with holiday spending? Quite a bit, actually. Those who fared better followed a few basic principles we might all want to remember.

An Early Lesson In Financial Literacy Creates Empowered Adults

JA Canada | Posted 11.18.2015 | Canada Business
JA Canada

My firm belief is that if my kids are to become financially savvy young adults, they must have diverse and varied experience with handling money as soon as they can understand what it represents. If this education is absent, there are some clear dangers in navigating life's money minefield.

Financial Literacy Is Essential To Fighting Fraud

Cairine Wilson, CPA Canada | Posted 11.04.2015 | Canada Business
Cairine Wilson, CPA Canada

According to the Canadian Anti-Fraud Centre (CAFC), mass marketing fraud is an enormous business that consistently claims victims who have not taken the time to verify with whom they are dealing. In fact, the CAFC says the surest way to avoid fraud is to verify, verify, verify.

It's Time To Put Financial Literacy In The Spotlight

Cairine Wilson, CPA Canada | Posted 10.28.2015 | Canada Business
Cairine Wilson, CPA Canada

The fact many Canadians are living beyond their means and are vulnerable to economic shocks highlights the importance of Financial Literacy Month (FLM), which takes place each November in Canada. This year, FLM aims to use the national strategy as a springboard to rally support across the country in the effort to help Canadians become better money managers.

How to Teach Your Kids About Money

Kathy Buckworth | Posted 10.06.2015 | Canada Parents
Kathy Buckworth

With the first day of school well behind us, and students settling into new routines, now is a great time to take up some learning outside the classroom. Many school curricula don't include financial literacy, so demonstrating the value of money in real world situations has extra importance.

What Turkey Hosting the G20 Summit Means to Me

G(irls)20 | Posted 10.05.2015 | Canada Business

Since gender equality is one of the most important issues in terms of sustainable and healthy growth, Turkey has launched a new engagement group, Women20 (W20), which will concentrate on enhancing the role and increasing the participation of women in business. In addition to gender equality, ensuring women have access to financial assets will form the backbone of global growth.

Teamwork Helps Students Address Financial Challenges

Cairine Wilson, CPA Canada | Posted 08.21.2015 | Canada Parents
Cairine Wilson, CPA Canada

The post-secondary years are the ideal time to lock in great habits and fill any gaps in your children's financial education. Regardless of whether there are savings set aside or loans to be taken, managing the dollars matters. It's our young people who gain the most from good advice as they take on increased responsibility.

Financial Education in the Workplace Is Beneficial in Many Ways

Cairine Wilson, CPA Canada | Posted 07.28.2015 | Canada Business
Cairine Wilson, CPA Canada

Tapping into workplaces across the country would allow a vast and varied audience to be reached. That audience would include people of different ages, education and culture. Workplace programs also would allow individuals to receive valuable information in a convenient manner.

5 Money Lessons to Teach Your Kids

David Lester | Posted 07.22.2015 | Canada Parents
David Lester

These five lessons made me a personal finance expert and provided the foundation for an awesome life. Money is a fuel for all the things that you want to be do in life and being smart with it makes things easier. Get your kids to understand and love money as soon as you can. Hard work and mastering money will take them the distance.

How to Strengthen Your Financial Fluency

Jeff Cates | Posted 07.07.2015 | Canada Business
Jeff Cates

Regardless of your age, your job or your personal interests, the topic of money will always be relevant to you. You've likely heard terms "money management" and "financial literacy" countless times before, and with good reason -- having a clear understanding of your finances is non-negotiable if you hope to have a sound plan for your present and your future.

It's Time to Cash in on Canada's New Financial Literacy Strategy

Cairine Wilson, CPA Canada | Posted 06.30.2015 | Canada Business
Cairine Wilson, CPA Canada

The National Strategy for Financial Literacy - Count me in, Canada is an ambitious playbook for country that brings together a wide range of stakeholders, identifies priorities and targets deliverables. It's time to act. Canadians who acquire financial knowledge today will be positioned for a better future.

It's Time for a Comprehensive Review of Canada's Tax System

Gabe Hayos, FCPA, FCA | Posted 06.27.2015 | Canada Business
Gabe Hayos, FCPA, FCA

The Conservative budget's failure to initiate a process of comprehensive tax reform is a missed opportunity to lift Canada's prospects for long-term prosperity and growth. Tax reform and simplification would improve Canada's international competitiveness, productivity and economic growth, from both a personal and corporate perspective.

Don't Let the Ghost of Christmas Gifts Past Hurt Your Finances

Bob Stammers | Posted 02.03.2015 | Canada Business
Bob Stammers

This is a cautionary tale of what happens all over Canada during the previous holiday season and throughout the year: People opted to use credit cards to make purchases they could not afford, which ended up costing them more due to interest charges than they had anticipated and left them with bills they reluctantly had to pay.

Tips For Women on How to Handle Their Wealth

Cindy Crean | Posted 12.30.2014 | Canada Living
Cindy Crean

What should women expect in terms of a financial plan? The plan should include a cash flow projection -- this means how much money you earn and spend in a month, a net worth statement -- which are your assets minus your liabilities, as well as a projection of your net worth throughout their lifetime.

Why Aren't People Engaging in Conversations About Money?

Anita Saulite | Posted 12.13.2014 | Canada
Anita Saulite

Finance, money, debt planning, retirement saving etc., there is sufficient reading material out there on these subjects and experts in the industry for advice. Yet we continue to see record debt levels, low savings rates and lifestyles being extended through borrowed money. Why haven't we been more successful in increasing financial literacy and promoting better financial behaviours?

Shopping for Prom: A Lesson in Spending (and Saving)

Joanne Sallay | Posted 07.30.2014 | Canada Living
Joanne Sallay

With the end of the school year on the horizon, we're now in the heart of prom season. There's no doubt that a lot of fuss goes into making this ritual perfect. But beyond the glitz, glamour and fashion, prom marks a milestone that can be used by parents and educators as a teachable moment for students.

Women Need to Learn About Finance

Anne Day | Posted 11.09.2013 | Canada Business
Anne Day

Have your childhood experiences with money impacted your relationship with it later in life? If you answered "yes," you would be falling in line with some recent research from Australia where they found that these factors underpin or influence how women make decisions about money.

How the Rich and Famous Can Teach Us to Save

Deborah Nixon | Posted 12.17.2012 | Canada Business
Deborah Nixon

Those who have seen the documentary Queen of Versailles usually laugh at the outrageous lifestyle of David and Jacky Siegal, a billionaire and his trophy wife. The film begins in 2008, before the market crash. The economic downturn froze the construction of their incredible 90,000 sq ft mansion in Florida. But we can learn from them. What kids and adults need are some lessons in the lost art of budgeting, living within your means and learning not to spend what you don't have.

Why Do Women Entrepreneurs Fare Worse Than Men?

Anne Day | Posted 01.16.2012 | Canada Business
Anne Day

There are over 900,000 women entrepreneurs in Canada, and while women are launching businesses at a faster rate than men, in the long term their businesses do not grow as fast as their male counterparts, which led us to ask why?