With household debt rising to alarming levels in Canada, it is evident that we need to encourage young Canadians to be fiscally responsible in order for them to achieve their life goals.
In this post, I will point to some websites aimed at helping young people develop their financial skills. This is not an extensive list, of course, and we encourage you to post other resources in the comments section below.
The City/La Zone In 2008, the BCSC and FCAC launched an online resource called The City/La Zone. This resource is available to all young Canadians and their teachers in both official languages. It uses interactive activities and worksheets that let young people practice real-life skills. The City/La Zone is based on the BCSC’s The City: Financial Life Skills for Planning 10 and is available to students and teachers across the country.
Make it Count The Canadian Securities Administrator’s Make it Count program offers a series of activities, tips and lesson plans that are simple to follow and easy to teach. The program includes a parent’s guide, an instructor’s guide and an online daily budgeting program that uses everyday situations like errands to engage youth in discussions about money management. There is also a mobile app available through the iTunes store.
Cranial Cash Clash This online financial assessment tool allows you to test your knowledge against other people playing online. You play by first choosing a finance-themed, multiple-choice quiz. Your score is determined by how quickly, and correctly, you answer the questions. Your can share and track your score on social networking websites.
For more links to financial literacy resources for young people, visit the Youth Education section of InvestRight.
While you may be inclined to use the professional services of someone recommended to you by a friend or relative, Canadian securities regulators encourage investors to always check registration before investing money with a financial advisor or firm.
In a previous blog post, we talked about our “Be Fraud Aware” website and the campaign website we’ve launched to help people in BC’s Punjabi and Chinese communities protect themselves against scams. As part of the campaign, we’ve also updated our social media channels, adding new backgrounds to YouTube and Twitter, and a welcome page […]