Why financial literacy is important
Three goals for you this month
To start on the right track this month, consider making these three goals for yourself:
- Build your knowledge. Read up on various financial topics. Whether its spending 15 minutes reading an online blog, scrolling through our website, or attending one of the events we have on at WISE Trust, every little bit counts.
- Let your goals be your guide. Setting financial goals and tracking your progress will drive you to learn and persevere. For example, if you are someone thinking of retiring, model your retirement income with the tool on My Pension Resource, to get a full picture of what your pension and other personal savings look like for your retirement income.
- Get familiar with your financial situation. Track your spending by making a budget and make sure you understand key personal financial documents including your pay stubs, investment statements, annual pension statements, loans, Wills, and Powers of Attorney.
Resources for you
- Register for an education session hosted by WISE Trust, or one of our partner sessions with CPA Canada and the Ontario Securities Commission.
- Check out the Government of Canada’s financial literacy month page that includes helpful resources and initiatives.
- Find out how financially savvy you are compared to your fellow Canadians by taking an 8-minute quiz.