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When not all members of society have equal access to financial education, we take away their ability to be healthy, independent and successful.
The costs can soar. Believe me, I know — my third child is heading off to university in the fall.
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It's time to admit what we don't know and create a real strategy to help Canadians manage our money.
Almost 40 per cent of adult Canadians (over 10 million people) experienced moderate to high levels of income volatility over the past year. Approximately 3.3 million of these Canadians actually saw their monthly income fluctuate by 25 per cent or more.
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Most Canadians don’t feel confident about their financial planning abilities.
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There have been government committees, discussions with the private sector and even a national strategy to teach Canadians basic personal finance. But when Statistics Canada data showed late last year that Canada's household debt is now larger than its GDP, it became painfully apparent that we're failing.
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Most business owners will agree that an employee benefit package is one of the best ways to attract and retain top talent. It not only instills an employee's trust in the company, it’s often an import...
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While most people think about home insurance as protection for costly events that can happen to their home, it's also important to think about the things that can put your ability to pay for your home at risk. To help you protect your dream home, no matter the situation, here are a few insurance tips and must-haves for your new purchase.
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Everything you need to know about succession plans. From the AOL Partner Studio
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Get in control of your finances with these 5 tips. From the AOL Partner Studio
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No matter how well we take care of ourselves, there may come a time when we experience a health scare. And while Canada's universal health care system definitely helps us in many ways, not every cost incurred by an illness or injury can be covered.
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Let's say you're thinking of buying something for yourself beyond groceries or essentials - whose opinion, or what kind of advertising influences Canadians the most? The answer might surprise you. Ac...
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Four things you should keep in mind before meeting a financial advisor. From the AOL Partner Studio
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What does a financial adviser do anyway? The answer may surprise you. From the AOL Partner Studio
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No matter which one you pick, it's best to start early.
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November was Financial Literacy Month in Canada, a time for all Canadians to focus on better management of our individual financial goals. Credit plays an important role in living a focused and healthy financial life. Having good credit will help you qualify for a loan, mortgage, or credit card.
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As we near the end of Financial Literacy Month, it's a good time to remind us all that financial literacy is something that should be an ongoing journey of learning and practice. Taking charge of one's financial future is a continual process, not a one-and-done task.
Canada recently won the World Cup of Hockey, solidifying our hockey supremacy. However, outside of Canada, no one really cares about hockey. What's worse is that we are far from dominant on many important international metrics.
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Financial knowledge is at the heart of stretching our dollars. For those with a severe and prolonged disability, saving money can be particularly challenging, given the expenses that often accompany disabilities and, in some cases, the difficulties getting or holding a job. And if you are tending to a loved one with a disability, extra costs likely are involved.
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That initial job can also serve as an ideal springboard to talk money management with your kids and help strengthen their financial knowledge.
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Jamilah Taib Murray founded Sakto Corporation, one of Ottawa's foremost property development and management companies. She is a long-time philanthropist with a particular dedication to fostering education for women and children, and female empowerment through promoting participation and leadership skills building
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Our kids are often most receptive to advice when it starts at home. The best time to begin is now. For example, even preschoolers are ready to start thinking about finances. If they know mommy or daddy goes off to work, they can understand why -- the answer is to earn money.
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The birds and the bees may not be the only difficult conversation you'll be having with your kids, discussing money and finances with your children can be just as challenging. Given the lack of mandated financial literacy courses in Canada, parents can fill the void by teaching financial concepts to their children early on.
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According to Statistics Canada, the "sandwich generation" now includes more than two million Canadians -- or 28 per cent of all caregivers in Canada -- with the majority being women between 35 and 44 years old. This number is only expected to rise as Canada's population ages and the older generation is no longer capable of caring for themselves. That leaves us with a generation stuck with caring for their late-leaving adult children and their ailing parents at the same time. How do they cope?
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“Feeling like you deserve something is different than needing something.”
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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.
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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.
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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.
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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.
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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.
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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.
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.