November 13-16 is Credit Education Week for Credit Counselling Services of Alberta (CCSA)

    Lack of financial knowledge in Canadians impacts ability to manage

    CALGARY, Oct. 30 /CNW/ - Even though Alberta's economy is booming,
Albertans potentially risk falling into the pitfalls of debt. The extent of
household debt is troubling. A national survey suggests that:

    -   53% of Canadians do not have a personal spending plan;
    -   More than half (55%) of Canadians spend more than their income at
        least one month a year;
    -   14% say that their expenses are greater than their income for six
        months, and;
    -   6% say this is the case for 12 months of the year.

    These statistics show that the majority of Canadians are at risk of being
in a long-term financial bind as they try to play catch-up in the months that
    CCSA will be participating in the national initiative of Credit Education
Week running Nov. 13th - 16th. The goal of the campaign is to empower all
Canadians, regardless of age and income level, to make better financial
    CCSA will be dishing out half a dozen seminars in Calgary, Edmonton and
Red Deer that will cover topics such as "Achieving Your Financial Goals", "10
Steps Ahead of Debt", "Credit Comeback", and "Budget Express".
    The goal of these seminars is to educate Albertans on better money
management tactics in everyday life. These seminars will provide Albertans
with the tools and resources they need to stay financially literate in our
booming economy.
    Executive Director, Jim Thorne says "that in today's economy of excessive
consumer spending and easy credit, consumers forget that they cannot spend
more than they earn." He adds that "our seminars are no doubt the tools that
Albertans need to help them learn about the basics of money management which
will directly impact how they manage their own finances".

    For more information check out and

    About CCSA

    CCSA is the only Alberta-based, not-for-profit credit counselling
organization committed to offering guidance to Albertans at all levels of
their financial needs through counselling, coaching and seminars. CCSA has a
10-year proven track record helping almost 300,000 Albertans with money
problems, providing them with unbiased advice to create a brighter future for
themselves and their families. We remain the exclusive provider of the Orderly
Payment of Debts program in Alberta which allows Albertans to pay off their
debts at a reduced interest rate over a period of time and provides full
protection from creditors.

For further information:

For further information: Tracy Watson, Communications Manager, (403)

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