Realizing the importance of having the knowledge, skills and confidence to handle your finances is not novel to us at Credit Counselling. We see the effects of financial decisions every day and work with consumers to support them through the situation they find themselves in.
Let’s start with knowledge. There is no way to know all the ins and outs of financial management even when you live it every day. You do not need to be a financial expert; you need to know where you stand financially. Know your interest rate, know your accounts and know your financial goals.
How about the skills? Not everybody is proficient in balancing a cheque-book, but if your expenses exceed your pay cheque, you are headed down a slippery slope. Budgeting is essential. It is the one skill we can all do, it does not have to be elaborate, but it must always be current.
Gaining confidence in your finances will come with paying attention to them. Open every statements, read every agreement, and track your money (no matter how little or how much).
This is why we participate in Financial Literacy Month. It is our responsibility to promote the need for knowledge on your finances, to assist you in building your financial skills and to assist in building the confidence you need to make your financial decisions.
Financial Literacy Month 2014:
- We will reach 56 grade 4 classrooms delivering a savings program where the over 1200 students will receive their own piggy bank in Atlantic Canada.
- We will deliver Financial Basics for four transitioning to work programs.
- We will deliver Financial Education to 22 separate groups across Atlantic Canada.