For Educators and Facilitators
"Financial literacy" means having the knowledge, skills and confidence to make responsible financial decisions. Within that definition,
- Knowledge refers to an understanding of personal and broader financial matters;
- Skills refer to the ability to apply that financial knowledge in everyday life;
- Confidence means having the self-assurance to make important decisions; and
- Responsible financial decisions refers to the ability of individuals to use the knowledge, skills and confidence they have gained to make choices appropriate to their own circumstances.
Why financial literacy matters
Financial literacy is an essential life skill. Credit cards, bank accounts and debt have become the norm. Yet, many people, particularly young Canadians, lack the money management skills they will need throughout adulthood.
The ability to make informed financial decisions is essential to our well-being at every stage in our life. These decisions range from daily spending and budgeting to choices involving borrowing money, buying insurance, saving for retirement, owning home or continuing education.
How can you contribute to financial literacy?
"The mission of strengthening the financial literacy of Canadians is a shared responsibility among many stakeholders. This mission will not be realized without the combined efforts of individuals, families, governments, educators, financial services providers, employers, labour organizations, businesses and voluntary organizations."
– Task Force on Financial Literacy (December 2010 Report)
By taking an active role in educating, transferring knowledge and creating awareness about financial concepts, you are contributing to the mission to increase financial literacy levels among Canadians.
How can FCAC’s educational programs help?
FCAC has developed educational programs in collaboration with partners from the several sectors of the economy: federal and provincial governments, the financial industry, non-for-profit and community-based organizations and colleges and universities. These programs were developed to be delivered in a variety of ways to enable participants to learn basic and introductory money management skills.
Aside from producing the program materials, FCAC provides facilitators with:
- training
- interactive tools
- consumer publications
- glossary of common financial terms
- links to other resources provided by our partners.
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