EP166 Financial Literacy Month 2020: 10 Things you Should Know During Times of Financial Uncertainty

November is officially upon us, and this month is celebrated in Canada as Financial Literacy Month, with 2020 being the 10th anniversary. You know I love to celebrate financial fitness every day, and this year more than ever, we need to celebrate!

In this episode, I want to share the 10 Things FCAC says you should know during times of financial uncertainty, including budgeting and keeping track of your spending. If you are wanting to take the next steps toward becoming financially fit, this is the episode for you.

“It is my privilege to take the mystery out of money, open up the money conversations that are hard to have, and have some fun along the way.” - Tracey Bissett

This Week on Young Money:

How to make a budget so you can stick to a plan. Why it's important to borrow only what you need. How to understand your financial services. Why you should set up an emergency fund.

Key takeaways:

Keep track of your money. Commit to a spending plan. Minimize your debt. Prevent financial fraud. Build good financial habits. Understand your financial products or services. Set aside money for unexpected expenses. Order your credit report. Have a plan to pay off your debt. Reassess your financial goals.

Resources Mentioned:

Financial Literacy Month Budget Planner Financial Tools and Calculators 2020 Wealth Professional Awards EP129 Adulting 101: Equifax's Julie Kuzmic on What's a Credit Report & Should I Care? EP130 Show Me The Fraud - Fraud Prevention Month EP132 How to Protect Yourself from Fraud with Julie Kuzmic of Equifax EP137 How to Manage & Negotiate With Creditors (People You Owe Money) EP139 Should You Be Financially Selfless During a Global Pandemic? EP141 Mindless Spending Through the Global Pandemic EP143 Milli Moves: How to Stop Being Judgy EP146 Milli Moves: How the Global Pandemic Saved Couples & Guests from Wedding Day Debt EP147 Building Financial Resilience During Times of Crisis with Michelle Jackson 

 

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