Financial Literacy Update #4

By 2 Cents on April 26th, 2010 | Category: Financial Literacy | 6 comments

The world needs dreamers and the world needs doers. But above all, the world needs dreamers who do.

~ Sarah Ban Breathnach, Simple Abundance: A Daybook of Comfort and Joy

As I mentioned in our last update, April is Financial Literacy Month in the United States. In Canada, the Task Force on Financial Literacy has been busy holding consultation meetings in cities across the country. Before I get to the roundup of great financial literacy articles, I’d like to remind you that you can win a copy of Your Money Ratios by Charles Farrell. Just comment on the book review by the end of the day this Friday, April 30th. I’ll randomly select the winner on Saturday and announce the winner on Sunday.

Here are some of the financial literacy articles I’ve found around the web since our last update:

Ellen Roseman testified at [...]

Read on and enjoy … Financial Literacy Update #4

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Financial Literacy Update #3

By 2 Cents on April 11th, 2010 | Category: Financial Literacy | 4 comments

Success will never be a big step taken in the future. Success is a small step taken just now.

~ Jonatan Mårtensson

It’s been a while since our last Financial Literacy Update, and there’s been a lot of activity on that front lately. For one thing, April is Financial Literacy month in the States, so a lot of American-based blogs have been covering the topic. Here’s a rundown of some interesting financial literacy links and news items that I’ve come across over the past couple of weeks:

If you’re looking for more financial information online that’s aimed at Canadians, Wealth Web Gurus offers a list of The Best of the Bloggers. I was honoured to see Balance Junkie included on the list. I already visit most of these blogs regularly, but there were a couple that were new to me. Each site provides a slightly different angle on [...]

Read on and enjoy … Financial Literacy Update #3

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Financial Literacy Update #2

By 2 Cents on March 21st, 2010 | Category: Financial Literacy | 3 comments

I wasn’t planning on having enough material to do another Financial Literacy Update just one week after the first one, but I received an email last week that I really wanted to bring to your attention. Before I get to that, here are a couple of articles on financial literacy issues that you might want to check out:

Jim Yih presents a guest post entitled What Is Financial Literacy? Part 2 at the Canadian Finance Blog. Thicken My Wallet asks Is Personal Finance a To Do Item or an Appointment?

Online Financial Literacy Course

The email I received was from a high school business and economics teacher named Dave. He has been lobbying his school’s administration to institute a program whereby each student must complete an online financial literacy course prior to graduation. The program would be [...]

Read on and enjoy … Financial Literacy Update #2

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6 Scales of Financial Capability: How Do We Measure Up?

By 2 Cents on March 2nd, 2010 | Category: Financial Literacy | 2 comments

If you think education is expensive, try ignorance.

~ Attributed to both Andy McIntyre and Derek Bok

Update: This article was included in the Festival of Frugality #220 – The Minimalist Edition at Fire Finance. Thanks!

In April of 2009 Statistics Canada conducted it’s first-ever survey on financial capability. You can imagine that it’s pretty hard to measure something as multidimensional (and to some degree subjective) as financial capability. Who’s to say what capable means?

Well, StatsCan chose 6 scales by which to judge our financial competence based on a similar study done in the U.K.:

1. Making Ends Meet: This measured the extent to which people were able to balance their home budgets – how often they’re overdrawn, saving and borrowing levels, etc.

2. Keeping Track: This measured the extent to which people check their bank and [...]

Read on and enjoy … 6 Scales of Financial Capability: How Do We Measure Up?

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