Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
Financial Empowerment: Navigating Debt and Wellness in FLM 2023
Financial Literacy Month | Nov 2, 2023
November is a special month in Canada, marking the annual Financial Literacy Month (FLM), spearheaded by the Financial Consumer Agency of Canada (FCAC).
FLM aims to strengthen the financial literacy of individuals and families, enhancing their financial resilience (see Canada's national financial literacy strategy 2021-2026). This year, the campaign theme is "Managing Your Money in a Changing World," focusing on the crucial aspect of managing and paying down debt.
Week 1 (November 1-4): Get the Pulse on Your Financial Health
This week is all about understanding what financial health is and why it is essential. It's a time to assess your financial situation, set realistic goals, and start taking steps towards achieving them. Learn more about financial health by subscribing to the financial literacy newsletter.
See: Personal Finance Leaks That You May Have Not Considered
Week 2 (November 5-11): Check Up on Your Debt
Debt management is crucial for maintaining financial stability. This week encourages you to review your progress in managing and paying down your debts. Discover strategies and resources to help you manage your debt effectively on the FCAC’s Managing Debt page.
Week 3 (November 12-18): What to Do in a Financial Emergency
Life is full of unexpected events, and this week focuses on how to handle financial emergencies. Get the right information and advice to make the best decisions for your financial circumstances during challenging times. Explore the FCAC’s resources on Managing Money During Challenging Times.
Week 4 (November 19-25): Optimize Your Financial Health
This week is about taking proactive steps to manage your money, limit financial difficulties, and improve your financial situation. Learn how to optimize your financial health with the tools and resources available on the FCAC’s website such as financial tools and calculators or financial literacy programs.
Week 5 (November 26-30): Protect Your Financial Rights
Understanding your financial rights, especially when borrowing money, is crucial. This week aims to educate Canadians about their financial rights and how to protect them. Find more information on your financial rights on the FCAC’s Banking, Know Your Rights page.
See: The Definitive Quebec’s “Get Out of Debt” Guide
Financial Literacy Month is a great opportunity for Canadians to enhance their financial literacy and resilience. The Financial Consumer Agency of Canada provides valuable resources, tools, and support to help you navigate your financial journey. Take advantage of this month to empower yourself with knowledge and take control of your financial future.
Call to Action
Embark on your journey towards financial wellness today! Visit the Financial Consumer Agency of Canada’s website to access a wealth of resources, tools, and information tailored to each weekly theme of Financial Literacy Month. Let’s build a financially literate and empowered future together! #FLM2023 #FinancialWellness #Empowerment
FCAC
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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