What’s the best money-related advice that you ever got? For me, I think that it was learning how to make a feasible budget and stick with it. But even before then, when I was young, I used to play a lot of math games with my parents. Figuring out that if I had $2.00 and if candy cost $0.50, that I could have 4 (no GST in games like that!), was a great way to learn the very basics of finances, and best yet, I thought it was a blast (but perhaps I’m a little geeky!). Those early lessons stuck to me like glue.
Did you know? Every November is Financial Literacy Month, so this is a perfect time to talk about it. Financial Literacy Month is geared towards national awareness and to campaign to increase financial literacy and math skills of Canadians through access to tools and resources. That means that now is the perfect time to enhance your financial know-how!
It is never too early (or too late) to start learning about money or to change your financial habits to become a smarter financial consumer. The basic concepts of budgeting and saving, managing credit and debt, and financial planning are tools that never go out of style. Although it might be easier said than done (impulse spending can be a killer!), practicing good financial habits is an important routine to get into. It’ll help you get where you want to go from saving up for your education, your first home, a vacation, and all the way to retirement.
Bow Valley Credit Union has a lot of financial products and services that can help you. There are online e-books about planning for further education and retirement to name a few topics. There’s also information about banking, including different account choices, as well as borrowing and investment options. Finances are personal and there is no one-size fits all solution. Different needs and lifestyles lend themselves to individual solutions. That being said, are you are looking for more information? Members are always welcome to come in and meet with our Bow Valley Credit Union staff, who will be more than happy to chat with you about what we have to offer.