November is Financial Literacy Month. It’s a great time to review your own financial health by checking assets and liabilities.
It is also a great time to teach your children about Financial Literacy.
An article by Kathy Buckthorn reports that a recent survey by Knowledge First Financial, Canada’s largest RESP company with not-for-profit ownership, indicates that nearly 60% of parents surveyed fear that COVID-19 will negatively impact saving for their child’s post-secondary education.
While you are updating your own financial information, why not educate your children on finances, banking and saving for their education? This is the perfect time to work together to learn more about financial literacy as a family.
Don’t forget to look into the Canada Learning Bond to see if your children are eligible for up to $2,000 in free month for post-secondary education – from college and university to trade school and apprenticeships!
