Financial Literacy Month 2023

What is Financial Literacy Month

November is Financial Literacy Month.

During Financial Literacy Month, the Financial Consumer Agency of Canada (FCAC) engages with Canadians and works together with organizations from the private, public, and non-profit sectors to help strengthen the financial literacy of individuals and families and build their financial resilience.

Throughout the month, organizations from across the country are encouraged to host events and share resources aimed at helping Canadians understand their finances and empowering them to:

  • manage their money and debt wisely
  • save for the future
  • understand their financial rights

Financial Literacy Month focuses on advancing the National Financial Literacy Strategy 2021-2026 and its goal to help Canadians build financial resilience, so that they can confidently navigate financial decisions in challenging times and a digital economy. All stakeholders in the financial ecosystem have a role to play in helping reduce barriers, catalyze action, and work together, so that we can collectively help Canadians build financial resilience.

Financial Literacy Month 2023

This year’s campaign theme, Managing Your Money in a Changing World, considers our increasingly complex and constantly changing financial marketplace and the importance of checking up on your financial health, particularly as it relates to managing and paying down debt.

More Canadians are carrying large debt burdens, which is affecting their financial well-being. It’s important that there is a financial ecosystem that exists to support them in challenging times. This includes resources available from trustworthy sources and speaking with their bank. With support, tools and resources, Canadians can make a plan to manage their debt and improve their ability to achieve their financial goals.​ Reducing debt will lead to better financial health.

Financial Literacy Month 2023 will focus on equipping Canadians with practical tips and tools to help them manage their debt. Managing debt is one of the key consumer building blocks identified in the National Financial Literacy Strategy 2021-2026 that leads to greater financial resilience.

Throughout the month, messages will focus on the following sub-themes related to debt management:

Week 1 (November 1 to 4): Get the pulse on your financial health – What financial health is and why it’s important

Week 2 (November 5 to 11): Check up on your debt – Check up on your progress in managing and paying down debt

Week 3 (November 12 to 18): What to do in a financial emergency – When dealing with exceptional circumstances, get the right information and advice to help you make the best decisions for your financial circumstances

Week 4 (November 19 to 25): Optimize your financial health – Manage your money to limit financial difficulties and improve your financial situation

Week 5 (November 26 to 30): Protect your financial rights – Learn about your financial rights when borrowing money

Promote Financial Literacy Month

Digital images, social media messages and articles are available to help promote Financial Literacy Month in your community.

Join the conversation on Facebook, Instagram and Twitter to help raise awareness of the importance of financial literacy. Use the hashtag #FLM2023 to follow and share information on social media.​

Article first appeared at: https://www.canada.ca/en/financial-consumer-agency/campaigns/financial-literacy-month/about.html

Source: https://www.canada.ca/en/financial-consumer-agency

 

Resources:

National Financial Literacy Strategy 2021-2026 

View the EAPO webinar recordings:

Managing Your Money During Challenging Times: A Guide for Seniors

Read the Blog:

Many Canadians Report Being a Victim of Financial Fraud

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