Blog

Many Canadian households are struggling to get by and are caught in a vicious cycle of debt and poor credit, without any savings to rely on in case of emergencies or loss of income. 

Can a financial literacy program deliver knowledge and shift behaviours so that people living on low incomes can make informed decisions when it comes to their personal finances? Credit unions think so.

In SEDI’s recent submission to the Ontario government’s Poverty Reduction Strategy consultation, we strongly encouraged the government to take advantage of a new community approach to reducing poverty called Financial Empowerment.

The Healthy Aboriginal Network (HAN) created The Game Plan, our financial literacy comic book. It’s about Jake, an 18 year old that is forced to learn the hard way that we are what we do in life, not what we own. The production of the comic was funded by the TD Financial Literacy Grant Fund.

For 10 years, the FAPS Program has worked with low-income people to address their financial issues, including financial literacy and exclusion.