WINNIPEG, Feb. 6, 2013 /CNW/ - I'm Your Future Self and I, along with
The Manitoba Securities Commission, have a confession to make. We've
been trying to get your attention for a couple of weeks now. You may
have noticed I took some extreme measures… tearing up ads and writing
all over them, hijacking your email, and even spray-painting
Back in 2012, I noticed you (I) were developing some bad financial
habits; overspending, forgetting to put money away in savings, and
never thinking about investing for the future.
I know that you'll end up regretting some of the decisions you make now
and thought it best to set you straight. I've put together a series of
emails for you at YourFutureSelf.ca that will give you some tips and tricks on how to be smarter with our
money. Explore, learn, watch, forward, and help me, help you... uhhh
help us. I know there are lots of other things you would rather be
doing but trust me, this stuff is important.
And since I know how competitive you are, I've made it extra enticing by
giving you the chance to win an iPod or iPad! So, PLEASE, do us a
favour, and visit YourFutureSelf.ca.
Your Future Self is an education campaign created by The Manitoba
Securities Commission. It is intended to provide youth with helpful
information on managing their money and investment fraud prevention.
It is important that we work hard to improve financial literacy in
Manitoba in light of these startling youth statistics:
2 out of 5 Manitobans failed the general test of investment knowledge
(2012 Canadian Securities Administrators Investor Index)
Fewer than half surveyed are very confident in their ability to develop
a budget (36 per cent); stick to a budget (33 per cent); limit spending
(39 per cent) or use credit cards responsibly (48 per cent) (Canadian
Institute of Chartered Accountants Youth Financial Literacy Study 2011).
Only 43% of respondents have a budget
Only 52% of respondents track their spending
More than one quarter (27 per cent) of the youth surveyed say they do
not limit their spending
Half (54 per cent) of those surveyed have a credit card and 22 per cent
carry a balance
The Manitoba Securities Commission is a special operating agency of the
Government of Manitoba that protects and informs investors through
educational programming and promotes fair and efficient capital markets
throughout the province.
SOURCE: The Manitoba Securities Commission
For further information:
Manager, Education and Communications
The Manitoba Securities Commission
Phone (204) 945-4733
Cell (204) 619-1756