In­for­ma­tion helps in time of tran­si­tion

Free fi­nan­cial lit­er­acy work­shop for new­comer and es­tab­lished Is­land se­niors

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 con­sider how 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 course for new­com­ers and es­tab­lished Is­lan­ders 50 years and older to im­prove their fi­nan­cial lit­er­acy. This 10-week pro­gram, be­ing held at P.E.I. ANC at 49 Wa­ter St., Char­lot­te­town, will take place on Wed­nes­days, 6:30-8:30 p.m., be­gin­ning on Feb. 3 un­til April 6. 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.

“This is a gap that we iden­ti­fied through con­ver­sa­tions with se­nior clients,” says P.E.I. ANC in­for­ma­tion of­fi­cer Yvette Doucette.

“We were pleased to dis­cover that Fam­ily Ser­viceP.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.”

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 which take into ac­count their present sit­u­a­tion and their long-term needs and goals.

Walsh says her or­ga­ni­za­tion is ex­cited to be work­ing with the P.E.I. ANC. The op­por­tu­nity to work with new and es­tab­lished Cana­di­ans to­gether in this new part­ner­ship is some­thing they look for­ward to.

“We are pleased to be able to share the in­for­ma­tion that we have de­vel­oped through It’s Your Right (­sy­our­right. with the par­tic­i­pants in this pro­gram. I will also be avail­able af­ter the work­shop for thirty min­utes to cover off any ques­tions that par­tic­i­pants may have aris­ing from the evening’s ma­te­rial.”

Any in­ter­ested Is­lan­der 50 years of age or older should con­tact Doucette on or be­fore Feb. 1 to reg­is­ter by email at or by call­ing 902-628-6009. Space is lim­ited. More in­for­ma­tion is avail­able at

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