Financial literacy month: How do you invest in your financial well-being?

November is Financial Literacy Month in Canada. Throughout the month, Canadians are encouraged to focus on their financial well-being. Financial literacy refers to having the knowledge, skills and confidence to make responsible financial decisions. It is a critical skill at every stage of life, from childhood, through adulthood and into the retirement years. In retirement, older adults (and their caregivers) face the challenge of making a realistic budget based on fixed and often limited incomes, while juggling many priority expenses. It can also be challenging to understand which government benefits you are eligible for based on your age, family situation or even health status.

We have compiled some resources to help you invest in your financial well-being this month.

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Many of our Blog Posts were written before the COVID-19 pandemic and thus do not necessarily reflect the latest public health recommendations. While the content of new and old blogs identify activities that support optimal aging, it is important to defer to the most current public health recommendations. Some of the activities suggested within these blogs may need to be modified or avoided altogether to comply with changing public health recommendations. To view the latest updates from the Public Health Agency of Canada, please visit their website.