A diverse group of people engaged in a lively and supportive discussion, highlighting the themes of Financial Literacy Month, such as open communication, money management, and financial empowerment.

Financial Literacy Month 2024: Let’s Talk About Money

November marks Financial Literacy Month (FLM) in Canada, a time dedicated to empowering Canadians to make informed financial decisions and improve their money management skills. At Money Mentors, we’re excited to contribute to this nationwide campaign with our resources, courses, Financial Challenge of the Month and Money Tips blog posts.

The 2024 FLM Theme: Breaking the Silence

The Financial Consumer Agency of Canada (FCAC) leads the charge each November, and this year’s theme focuses on overcoming the discomfort many feel about money conversations. Whether it’s discussing a budget with friends or reflecting on past financial decisions, the idea is to talk openly. Money Mentors supports this theme wholeheartedly.

Why is this important? Because financial literacy isn’t just about numbers or spreadsheets; it’s about creating open, honest conversations about money that can transform lives. Too often, the fear of judgment or embarrassment stops people from seeking advice or sharing their financial experiences. Yet research shows that talking about money increases financial confidence and leads to better financial outcomes.

 

Want to get involved? Here’s how you can participate:

Try “Loud Budgeting”

This trend encourages transparency and accountability by openly sharing budgets and financial goals. It’s a powerful way to seek support and stay on track, whether with an accountability partner or a whole community.

Join Our Financial Challenge of the Month

Start meaningful conversations about money by participating in this month’s challenge. We’ve provide prompts and tips to help you open up and engage with those around you, making financial literacy both approachable and empowering.

Here are a few conversation starters to get you going:

“I’ve been working on my budget recently and learned…”
“What’s the best money advice you’ve ever received?”
“How do you prioritize your financial goals?”

Use the Hashtags

Share your money conversations or lessons on social media using #MoneyOnYourMind and #FLM2024. Post about your financial wins, challenges, or insights, and tag three friends to inspire them to break the money taboo too.

 

Money Tips Spotlight: How to Talk About Your Finances


How often do you discuss money with someone other than a financial advisor or a Money Mentors counsellor? If the answer is rarely, you’re not alone. Many people avoid money conversations because they’re taboo, uncomfortable, or fear being judged. Yet, opening up about finances can make a world of difference.

Our How to Talk About Your Finances guide breaks down common obstacles and offers actionable advice for having these important discussions with your partner, children, or friends. From understanding your partner’s financial personality to teaching your kids about saving for big family goals, and even setting boundaries with friends to avoid debt traps—this blog has tips to make these conversations empowering rather than daunting. Sometimes, stepping out of your comfort zone is the first step toward financial control and confidence.

Read the Full Money Tips Blog Post Here >>>

 

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Have questions?

Need more information or want to talk to an accredited financial counsellor for peace of mind? Let us help.
Call 1-888-294-0076 or book an appointment. It’s free for all Albertans.

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