Week 2 of #FLM2015 to focus on importance of managing money and debt wisely

Financial Literacy Leader invites Canadians and organizations to "count themselves in" #CountMeInCA

TORONTO, Nov. 9, 2015 /CNW/ - Jane Rooney, Canada's Financial Literacy Leader, kicked off the second week of Financial Literacy Month (FLM) today at the launch of Credit Education Week, in Toronto. The Leader underscored the importance of learning how to manage credit and debt, especially for young people. Credit Education Week is a foundational part of a national effort to strengthen financial literacy. Credit Canada Debt Solutions, the not-for-profit charity that hosts Credit Education Week, is a long-time supporter of FLM.

Managing money and debt wisely is the focus of the second week of this year's #FLM2015. During this week, the Financial Consumer Agency of Canada (FCAC) is focusing its promotions on tools that help Canadians make smart choices about spending, credit and debt, such as its interactive budget calculator, its credit card selector tool and activities that help teach children about money.

Ms. Rooney will participate in several FLM events throughout the week. She will speak at the Fall Summit of the Saskatchewan School Boards Association in Saskatoon on November 10. During her address, Ms. Rooney will underscore the importance of financial literacy for empowering Canadian youth and families to determine their financial future, which supports the economic well-being of all Canadians. She will also speak at the launch of the Saskatchewan Financial Literacy Action Group in Saskatoon.

For a full list of all FLM 2015 events, see the Canadian Financial Literacy Database.

Quick facts

  • 2015 marks the 5th anniversary of November as Financial Literacy Month in Canada as proclaimed by the Canadian Parliament.
  • FLM 2014 featured 1,266 workshops, seminars and other events. Events were held every day of November, in every province and territory in Canada.
  • Everyone is encouraged to take part in the FLM daily challenge on Twitter and Facebook and join the conversation via #FLM2015 and #CountMeInCA.
  • 2015 is also the 9th year for Credit Education Week, part of a national effort to raise financial literacy awareness and the importance of proper credit education. Hosted by Credit Canada Debt Solutions, this year's theme is "Cheap versus Frugal," focusing on helping Canadians reach their financial goals. Credit Education Week is hosted by Credit Canada Debt Solutions.
  • The Saskatchewan School Board Association is now in its 100th year of operation. Saskatchewan Premier Brad Wall and Minister of Education Don Morgan will also address its Fall Summit.
  • The Canadian Financial Literacy Database is a one-stop source for tools, resources and events on how to make the best financial choices, including fun games and quizzes to help parents teach their children how to make smart decisions about spending and saving. It also offers organizations a platform to promote their tools and resources.
  • The database includes more than 1,000 resources from more than 115 organizations. It also provides Canadians with a list of the financial education activities and events taking place in November across the country.
  • Organizations are encouraged to submit their financial literacy activities and events slated for November 2015 in the database via the input tool.

Quote

"By working with the provinces and territories, we have an opportunity to help prevent future financial problems that many go through on their way to learning about how to manage their money. Financial literacy is a chance for young people to learn before they make costly mistakes. It is a chance for us to start today to create a generational change for tomorrow."

Jane Rooney, Financial Literacy Leader

Related products

Associated links

Visit ItPaysToKnow.gc.ca/flm

Like www.facebook.com/FCACan on Facebook

Follow @FCACan on Twitter

Join the conversation via #FLM2015 and #CountMeInCA


SOURCE Financial Consumer Agency of Canada

Video with caption: "Video: Tips for managing debts ". Video available at: https://www.youtube.com/watch?v=bYurCnaG1eA&list=PLB19E247D327AC749&index=14

Image with caption: "Manage money and debt wisely (CNW Group/Financial Consumer Agency of Canada)". Image available at: http://photos.newswire.ca/images/download/20151106_C9218_PHOTO_EN_44422.jpg

For further information:

Media Relations, Financial Consumer Agency of Canada, 613-941-4168, media@fcac-acfc.gc.ca


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