YOUR MONEY MATTERS!

Time to get money smart!

To say that we are now living in unusual times is an understatement

Because of the COVID-19 pandemic, our daily lives have become very different compared to a year ago. Many of the changes have affected our spending, our earning and our saving habits. For instance, when businesses shut down because of the pandemic, some people lost their jobs for a little while or they may even have had to find a new job. Others found themselves working harder than before and perhaps earning more money. And, because most stores were closed, we all found ourselves doing more shopping online and purchasing in new ways like curb-side pick-up or delivery services to buy meals, groceries, clothing and books.

Within a matter of months, Canadians (and people all around the world) had to adapt quickly to meet the demands of our new world.

With or without the limitations of the pandemic, however, one thing hasn’t changed. It is important to have excellent financial literacy skills. In other words, to know how to save and budget, how to plan your purchases, how and when to use a credit card and how you can invest your money to make more money.

Becoming more money savvy won’t solve all your problems, but it can give you a more solid base for the future. When people aren’t financially literate, they’re more likely to struggle with debt and less likely to invest and plan for retirement (yes, that’s decades away but you’re going to want to do it at some point).

So, let’s get started — time to get money smart!