Financial Literacy Month budget challenge

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SAINT JOHN – November is national Financial Literacy Month, and, with holidays coming, this is the season for smart financial decisions. To help New Brunswickers, no matter where they are in life, the Financial and Consumer Services Commission (FCNB) is sharing resources including a free ready-to-use budget template to track expenses and prioritize spending.

“Budgeting can be an eye-opening exercise,” says Marissa Sollows, Senior Education Coordinator at FCNB.  “If you’re more aware of your personal spending habits, you’re more likely to consider your purchases rather than succumb to impulse spending and the fear of missing out.”

According to the 2014 Canadian Financial Capability Survey, only 41% of Atlantic Canadians have a budget.  Canadians between the ages of 18-24 and those over 70 are least likely to have a budget and 36% of Atlantic Canadians are having trouble keeping up with bills and payments. Women are more likely than men to report having trouble keeping up with bill payments.

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Also during Financial Literacy Month, FCNB’s For What It’s Worth blog will feature a “Question of the Week” to answer your money questions. New Brunswickers are encouraged to send their money questions to info@fcnb.ca with the subject line “Question of the Week”.

FCNB also offers free Lunch ‘n Learn information sessions on the topics of investing, budgeting and fraud prevention. Presentations are offered in both French and English and can be tailored to the needs of your group. To book a presentation, visit FCNB.ca or call 1 866 933-2222.