It’s worth investing time and effort to improve your financial literacy, and Financial Literacy Month is the perfect time to do it.

This November, we invite Canadians across the country to take charge of their finances during Financial Literacy Month.

November is Financial Literacy Month in Canada. Are you ready to take charge of your finances? Visit Canada.ca/Financial-Literacy-Month #FLM2019 Week

6 Reasons why you need a budget

1. Allows you to stay on track

2. Reduces stress

3. Helps you distinguish between needs and wants

4. Avoid debt

5. Save for tomorrow

6. Be ready for surprise expenses

How to make a Budget

• Record your expenses. Know where your money goes and where you can cut spending.
• Identify your short- and long-term goals. Build saving for them into your budget.
• Divide your expenses between things you need and things you want.
• Make “being debt-free” one of your goals. List all of your debts with interest rates and track your progress in paying them off.
• Pay more than the minimum payment on bills whenever you can.

canada.ca/financial-literacy-month

1. Allows you to stay on track

2. Reduces stress

3. Helps you distinguish between needs and wants

4. Avoid debt

5. Save for tomorrow

6. Be ready for surprise expenses

canada.ca/financial-literacy-month

About Financial Literacy Month

Throughout the month of November, the Financial Consumer Agency of Canada (FCAC) and organizations from across the country have activities planned in support of this year’s theme, Take Charge of Your Finances. Each week will feature a sub-theme focusing on the benefits of basic money management practices. This year’s sub-themes are:

• Week 1 (November 3 to 9) – Start with a budget
• Week 2 (November 10 to 16) – Set financial goals
• Week 3 (November 17 to 23) – Be a smart financial consumer
• Week 4 (November 24 to 30) – Borrow money wisely

FLM is an opportunity for Canadians to strengthen their capacity to make responsible financial choices. Canadians are encouraged to participate in FLM and take simple steps to better manage their money. This year’s FLM activities touch on basic money management practices, such as making a budget, drawing up a savings or debt reduction plan, and gaining a better understanding of one’s rights and responsibilities as financial consumers.