Financial Foundations for Youth
Financial literacy is a life skill in modern society
Statistics show that students are inadequately prepared to face the financial burdens of the real world. Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, saving and investing. We’ve got to do better for the leaders of tomorrow and give them the tools to succeed when they are starting off.
The Problem
Debt is increasing higher than disposable income. Youth get a post-secondary education and aren’t prepared for the financial debt they take on. In addition, financial products have never been as accessible as they are today. As a result, it is crucial that every student has a strong basis of financial knowledge - for all parts of their life ahead. Although, the data at the chart stops at 2020 the household debt to disposable income has continued to increase.
54% of Canadians don’t have a budget
50% of Canadians live paycheque to paycheque
75% of 18-24 yr olds don’t know how to save for retirement
Customized Youth Programs
My youth financial wellness program is designed to empower the next generation with the tools they need for lasting financial success.
Topics covered:
Budgeting Basics: Understanding income, expenses, and setting up personal budgets.
Saving and Investing: Building savings habits, understanding investments, and creating a plan for financial growth.
Credit and Debt Management: Explaining credit scores, responsible borrowing, and debt repayment strategies.
Financial Goal Setting: How to create achievable financial goals and work towards them.
Entrepreneurship and Income Streams: Exploring how to create multiple streams of income and entrepreneurial thinking.
Understanding Taxes: A basic overview of taxes, deductions, and how they impact personal finances.