CALGARY, Nov. 14, 2011 /CNW/ - To celebrate financial literacy month in
Canada, the Certified General Accountants' Association of Alberta (CGA
Alberta) launched its financial literacy campaign to equip families at
Inn from the Cold (IFTC) with important financial management
skills. The two organizations partnered together on the shared goal to
strengthen important life skills of IFTC guests to enhance their
success and sustainability in the community.
In 2010 IFTC assisted 117 families in finding appropriate housing that
they could sustain, and just this year alone the organization has saved
the housing of 234 families at imminent risk of homelessness. "What
IFTC has recognized is that a family's inability to manage the
resources they have within a budget is always a catalyst to
homelessness," said John Carpenter MBA FCGA, Chief Executive Officer of
"As guests of the Inn enter into the workforce, find suitable housing,
and start planning for their future and the future of their children,
it is more important than ever that they leave here with the skills
needed to manage their own finances," Carpenter continued. "With
independence comes financial responsibility, and their success will
depend on their financial management skills. Helping families plan for
expenses and setting a budget that their income can sustain is a
crucial step to their success in their community."
Jeff O'Rourke, CGA, a member of the Association's Task Force on
Financial Literacy, discussed the importance of setting goals and the
basics of budgeting in his presentation to the families at the Inn.
Yvette Rasmussen, Executive Director of Inn from the Cold, said this
CGA-sponsored program is a very significant and innovative response to
the needs of vulnerable families who face significant financial risks
and challenges. "The practical content of the program and the quality
of professional instruction will not only equip homeless families with
stronger financial skills, but will also provide hope for a brighter
future," she said.
"Budgeting for families is complicated as there are multiple members who
may require financial support," Rasmussen continued. "Often the
decisions families have to make to provide food will require compromise
in other essential areas. Providing systems, navigation of support and
budgeting classes is essential in keeping our families in the
community, their children in school and family members employed."
Last year, more than 3,000 children and 2,000 adults participated in
IFTC programs. The most sought after programming is parenting,
budgeting and life skill enhancement.
"One of the most rewarding parts of this program is to see the families
start to plan for their goals, and realize that with some hard work,
those goals can be achieved," said O'Rourke. "My Money $ My Future helps individuals define their short and long term goals, understand
the costs associated with those goals, and then equips them with the
tools to plan financially so they can reach those goals."
Carpenter explains that CGAs provide professional services to clients to
ensure they have the tools to take the best course of action for
success and growth. "Our responsibility does not stop with our clients,
but rather extends to all of society throughout," he said.
The My Money $ My Future campaign was originally launched in Alberta high schools and is now
being offered to organizations whose members will benefit from learning
smart money management skills.
The Certified General Accountants' Association is responsible for the
education, regulation and promotion of CGAs in Alberta. There are more
than 75,000 CGA members and students working across the country and
around the world, at every level and in every sector. CGA is the
fastest growing accounting designation in Canada and is the designation
of choice for students pursuing an accounting career in Alberta. For
more information about CGA Alberta, please visit the web-site at www.cga-alberta.org.
SOURCE Certified General Accountants Association of Alberta
For further information:
Please contact Janice Harrington, Vice President, Communications and Government Relations, at (403) 614-7941 for further information and to arrange interview opportunities.