Financial Literacy: Why Talking About Money Matters

November is Financial Literacy Month in Canada, and this year’s theme, “Money on Your Mind. Talk About It!”, challenges Canadians to break the silence around their finances. While money is a topic that touches every aspect of our lives, it’s often shrouded in taboo, shame, or discomfort. But what if starting a conversation could change that?

Research from the Financial Consumer Agency of Canada (FCAC) shows that talking openly about money builds financial confidence, which can lead to better financial outcomes. These conversations are especially empowering for groups that often face systemic barriers, such as women, low-income earners, and young adults. By sharing experiences and asking questions, we create space for learning and growth—both individually and collectively.

At Money Path Atlantic, we believe financial literacy is the foundation of financial resilience. Whether you're managing daily expenses, planning for retirement, or trying to climb out of debt, knowledge is power. Here’s how you can take steps to improve your financial education and start meaningful conversations about money.

6 Ways to Improve your Financial Resilience

1. Start with the Basics: Build Your Knowledge

Improving your financial literacy doesn’t require formal education. Free resources like FCAC’s tools and calculators can help you create a budget, compare credit cards, or calculate the real cost of debt.

Take a small, actionable step today: Check your credit score, explore savings options, or review your spending habits. The more you understand about your financial situation, the more control you’ll have over your future.

2. Make Money Conversations Normal

Talking about money can feel intimidating, but it doesn’t have to be. Start small:

• With family: Discuss shared expenses, saving strategies, or financial goals.

• With friends: Exchange budgeting tips or talk about deals and discounts.

• With professionals: Ask your banker or financial advisor questions about credit, loans, or investment options.

Even a simple conversation can unlock new insights or point you to resources you didn’t know existed.

3. Set SMART Financial Goals

Setting Specific, Measurable, Achievable, Relevant, and Time-bound (SMART) goals helps you focus on what matters most. For example:

• Save $500 for a certain expense over the next four months.

• Pay off $100 of credit card debt each month.

• Start an emergency fund by saving 10 per cent of your monthly income for a year.

Writing down your goals and tracking progress increases your chances of success.

4. Take Advantage of Local Workshops and Resources

Financial literacy isn’t something you have to figure out alone. Organizations like Money Path Atlantic offer workshops, events, and resources designed to help you gain confidence with your finances.

In November, we hosted over 14 events across Nova Scotia, including our sold-out Financial Literacy Conference in Truro. From understanding payday loans to managing credit responsibly, our events equipped over 600 participants with practical tools and insights to share with their communities.

5. Learn From Trusted Sources

In a world filled with financial misinformation, knowing where to turn is key. Resources like FCAC’s Financial Literacy Month campaign page or Prosper Canada’s free resources provide accurate, trustworthy information.

Additionally, exploring tools like FCAC’s Credit Card Comparison Tool or Budget Planner can help you make informed decisions. Whether you're figuring out which credit card is right for you or how much you need to save each month, these tools simplify complex financial questions.

6. Celebrate Financial Wins

Progress isn’t always about big milestones — it’s the small wins that add up over time. Paid off a credit card? Found ways to cut expenses? Started saving for a rainy day? Celebrate these moments. Acknowledging your achievements keeps you motivated and inspired to continue improving your financial habits.

Why Financial Literacy Matters

At its core, financial literacy isn’t just about dollars and cents. It’s about empowerment, resilience, and connection. When we understand our finances, we reduce stress, make informed decisions, and plan for brighter futures. And when we talk openly about money, we break down barriers, normalize learning, and strengthen our communities.

Ready for more? Money Path Atlantic is here to help. Whether you're attending a workshop, downloading free resources, or joining a conversation about money, your journey to financial wellness starts here. Let’s make talking about money part of everyday life—because the more we talk, the more we grow.