November is Financial Literacy Month

November is Financial Literacy Month, an opportunity for all Canadians to take control of their financial futures and learn more about managing their finances. Financial Literacy is an important topic at Cambrian because we want all our members to have the knowledge and skills they need to make the best financial decisions possible for themselves and their families.

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What is Financial Literacy?

Financial literacy is the understanding of debt, spending, and credit necessary to make day-to-day decisions involving money. A solid understanding of finances will help you when you apply for a loan or mortgage, get a credit card, and save for your future.

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Resources

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Cambrian Learn

Cambrian’s Financial Literacy Blog, Cambrian Learn, offers informative articles on a variety of financial topics, including mortgages, borrowing, investing, saving, and daily banking. Looking for information on a specific topic?

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Cambrian Social Media

Cambrian is always posting new content, so follow us on Facebook, Instagram or Twitter for links to our latest blog posts and everyday financial literacy tips.

Throughout November, we’ll be sharing finance tips and information to help you think differently about your finances and reduce barriers to financial literacy.

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Tips to Get You Started

Cambrian members come from all walks of life and backgrounds. Cambrian Advisors are prepared to work with you and provide personalized service, reducing barriers to financial literacy, meeting you where you are and simplifying banking so you can realize your financial goals. Here is a list of things you can do to help you get started on a path to financial freedom:

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• Recognize behaviours and spending patterns that might be holding you back from achieving your financial goals.
• Look at your finances and create a budget.
• Set some financial goals for yourself. These can be short-term (increase your monthly savings contribution), medium-term (get debt-free) or long-term (save for a home).
• Once you’ve made your goals, determine an action plan. For example, are you looking to save for a home? Consider setting up a pre-authorized contribution to your savings account.
• Check our blog regularly for resources and t learn more about finances, so you can make informed decisions about how to manage your money.
• Speak to a Cambrian Advisor about financial planning.

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