Free course for se­niors

Se­nior new­com­ers, es­tab­lished Cana­di­ans in­vited to fi­nan­cial lit­er­acy work­shop

The Guardian (Charlottetown) - - COMMUNITY -

Han­dling fi­nances can be dif­fi­cult at the best of times.

For se­niors it can be par­tic­u­larly in­tim­i­dat­ing as they tran­si­tion from the work­force into re­tire­ment, lose a spouse who tended to han­dle the fi­nanc­ing, or be­gin to live on a pen­sion or re­duced in­come.

The P.E.I. As­so­ci­a­tion for New­com­ers to Canada and Fam­ily Ser­vice P.E.I. are part­ner­ing on a new in­te­gra­tion and skills-based learn­ing pro­ject for those 50 plus, both new­com­ers to Canada and es­tab­lished Cana­di­ans, to im­prove their fi­nan­cial lit­er­acy.

This 10-week pro­gram, run­ning on Wed­nes­days from 6:30 – 8:30 p.m. be­gins on Feb. 4. It will cover top­ics such as bud­get­ing and ba­sic money man­age­ment, strate­gies to track spend­ing, plan­ning for the fu­ture, lend­ing and do­nat­ing, safe­guard­ing against scams, frauds and fi­nan­cial abuse, and set­ting fi­nan­cial goals.

Yvette Doucette, in­for­ma­tion of­fi­cer with the new­com­ers as­so­ci­a­tion, says it’s a gap that she has iden­ti­fied through con­ver­sa­tions with se­nior clients.

“We were pleased to dis­cover that Fam­ily Ser­vice P.E.I. had al­ready de­vel­oped a cur­ricu­lum that cov­ered many of the key top­ics, and were ea­ger to part­ner with us. Their tool­kit called, ‘It’s Your Right – Pro­tect­ing Your­self Fi­nan­cially As You Age’ as well as other work-pages and re­sources, will be tailored to meet the needs of par­tic­i­pants in the pro­gram,” she says.

Alex Walsh, out­reach education spe­cial­ist with Fam­ily Ser­vice P.E.I. will fa­cil­i­tate the course. Guest speak­ers will present seg­ments of the course, and par­tic­i­pants will de­velop in­di­vid­u­al­ized fi­nan­cial plans.

Any­one 50 years of age want­ing to reg­is­ter for the pro­gram should con­tact Yvette Doucette by Mon­day, Feb. 1, by email at or by call­ing 902-628-6009.

Space is lim­ited. This pro­ject is made pos­si­ble through fund­ing from the govern­ment of P.E.I., se­niors sec­re­tar­iat.

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