HONEST MONEY TALKS:
FINANCIAL LITERACY LIBRARY

The holiday season has always been synonymous with the spirit of giving, but as we scroll through our social feeds, it seems the way we spend during Christmas has taken on a new form. Social media, an ever-present force in our lives, has subtly shifted our holiday shopping habits, and it’s worth unwrapping this phenomenon to understand how.

Imagine a world where every teenager can confidently navigate the financial seas, steering clear of debt icebergs and sailing towards a horizon of economic stability. This isn’t just a fanciful dream; it’s the potential reality we can foster through teaching our youth about financial literacy.

Embarking on your financial journey can feel like setting sail in uncharted waters. With a myriad of options and paths, it’s easy to feel overwhelmed or make missteps that could lead to choppy seas ahead. But fear not! By being aware of common pitfalls, you can navigate these waters with confidence and reach your fiscal destinations unscathed.

Welcome to the land of opportunities! As you embark on this exciting chapter, getting a firm grip on your finances is as crucial as unpacking your suitcases. Organizing your finances is not just about keeping your dollars and cents in check; it’s about setting the stage for a life of security and possibilities in your new home.

Debt can be a slippery slope, and before you know it, you’re staring at a mountain of bills with various interest rates and due dates. If this sounds familiar, debt consolidation might just be the lifeline you need to regain your financial footing.

Neurodiversity recognizes the natural variations in how our brains think, learn, and interact with the world. But what does this have to do with financial well-being? Plenty!

It’s not just about setting goals; it’s about forging a path that weaves financial wisdom with actionable strategies.

As we approach the end of 2023, let’s discuss what happened this year in the Canadian world of finance, what happened with our personal money management, and how we can improve our financial situation in 2024.

Financial literacy (understanding concepts such as budgeting, saving, investing, and understanding credit) is an essential skill that empowers individuals to make informed and responsible financial decisions.

In July of 2023, The Bank of Canada increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.

YNCU is dedicated to supporting small businesses in our communities and we want to see you succeed in making your lifelong dreams a reality.

Here are some tips on how to keep control of your finances this holiday season so you aren’t starting the new year with a financial disaster on your hands.

Eager to live on your own? Have plans to move out of your parents’ place? At YNCU we know how exciting it is to get your own place and start your own journey.

School does not prepare you for the financial risk you take when purchasing a home for the first time. We want to share with you some tips to help you enter the housing market, responsibly.

At YNCU, we know back-to-school can cause a lot of stress during this time of inflation. Rising costs have caused people to have to limit their spending and focus on the essentials.

At YNCU, we know that you take your finances seriously. You want to protect your financial assets as best as you can. There are a lot of widely held ideas about money that are simply not true.

Prices have gone up in every aspect from groceries to the skyrocketing price of gas to interest rate hikes. This has caused a lot of alarm and concern for Canadians who are struggling to keep themselves financially stable.

At YNCU we know planning how to fund your education is stressful. Everyone’s situation is different, so if you’re looking for alternative ways to pay for school, other than family or government loans, here are some tips that may help.

Ontarians pursuing post-secondary education can apply for funding from the Ontario Credit Union Foundation. The foundation supports students in academic, vocational, or technical programs at accredited institutions in Canada or abroad.

Graduating from college or university is a very exciting time as you start your careers and begin living independently. But, it can also be a very stressful time as the reality of student loan repayment sinks in.

Providing your kids with a solid sense of financial literacy can help develop their skills and secure a stable financial future in adulthood.

Going to college or university is an exciting new venture. For many young adults, this means living on their own for the first time, making new friends and maybe learning to balance school and a part-time job for the first time.

As a recent graduate, you likely have your first job and are making more money than before. This life transition also brings new major goals, such as getting your first car, finding a new apartment, taking the next step with a partner etc.

Thirty-eight percent of Canadians say money is the number one source of stress in their lives and debt is a debilitating financial topic over which people feel they have little control.

The gender pay gap in Canada has been an issue for decades. Women across various industries and professional levels have been experiencing economic inequality. According to Statistics Canada, women earn $0.87 for every dollar earned by men.

Rabo shares his expertise and helps us understand how to better address financial inequality, promote access to resources and improve financial literacy.

Centuries of institutional and systemic racism have led to a significant disparity between the wealth of white individuals and those who identify as visible minorities.

Getting in shape, eating healthier, and breaking bad habits. They’re all popular new year’s resolutions. But this year, thanks to the ongoing COVID-19 pandemic, improving our financial health is climbing closer to the top of the list.

October 20th was Credit Union Day! To honour this day, we wanted to share with you some background on credit unions and how YNCU makes an impact on the lives of our members.

Managing your money, whether it be saving for a dream vacation, your first home or investing for the future, can seem daunting at first.