By Lynn Easton
RESPs? TFSAs? RIFFs?
Sounds like a secret language, right? And like any language it can be hard to understand and difficult to learn.And no wonder. While November marks Financial Literacy month chances are learning about money was never part of your education. Even today, where there’s at least a bit of talk about financial issues in school, the subject is still a bit of a taboo subject in public.
Many of us came from homes where financial issues were whispered about late at night when we were supposed to be asleep. So it’s no wonder that a new study shows that more than two-thirds of Canadians feel uncomfortable with their financial skills. http://abclifeliteracy.ca/72-canadians-are-not-fully-confident-their-money-management-skills
That makes sense.
But the good news is that there’s all kinds of help out there. Local, well-established, banking institutions will be happy to offer information and advice. And there’s help online too. Check out a few things on the well-respected Canadian ABC Life Literacy site https://twitter.com/abclifeliteracyhttps://twitter.com/abclifeliteracyhttp://abclifeliteracy.ca/mm/tips-and-resources ABC Life Literacy will also host a conversation on Financial Literacy Month on November 20th 10 a.m. at #FLMchat
Forget the late whispers. Talking about financial literacy with each other seems like a pretty good place to start.