November is a special time of year in Canada because it marks Financial Literacy Month (FLM). Here at The Energy Credit Union, we are excited to join the Financial Consumer Agency of Canada (FCAC) in this important national campaign. This year, the focus is on breaking the taboo around talking about money.
Why Talk About Money? Many Canadians find it difficult to discuss money and finances. Fear of being judged is one of the main reasons people avoid these conversations. However, open and honest discussions about money can significantly improve your financial situation. Research shows that talking about money increases financial confidence, leading to more positive financial outcomes. By sharing your financial experiences with family and friends, you can learn about tools and resources that can help you achieve your financial goals.
Empowering Women and Girls: Talking about money can be especially beneficial for girls and women. FCAC recently conducted a study with Carleton University, which found that providing space for women to discuss finances helped them feel more financially empowered. Additionally, girls who participated in gamified financial literacy courses developed by FCAC showed a significant boost in confidence.
Join the Conversation Throughout November, we encourage you to ask questions and share your financial experiences. Whether it’s budgeting, saving, or investing, talking about money can help you make informed decisions and build a secure financial future.
At The Energy Credit Union, we are here to support you. Visit our website or drop by our branch to learn more about the resources available to help you on your financial journey. Let’s break the taboo and start talking about money today!
Why not start with our Financial Literacy Survey?
