It’s Time to Start Talking Financial Literacy- It’s Financial Literacy Month in November #FLM2017

It’s my favourite time of the year. For the fourth year in a row, as November begins, Canadians are encouraged to talk about money during Financial Literacy Month. For 8 years I have hosted online money conversations. Financial education is important to me. When I started this blog my goal was to share my story and give Canadians access to the experts. Over the years I have been blessed to host some of the very best money experts on my #CDNmoney chats and been parts of hundreds of online money conversations.

For the last four years, the Financial Consumer Agency of Canada has helped lead the money conversation in Canada with the Financial Literacy Month. They work with organizations from the private, public and non-profit sectors to improve the financial literacy of all Canadians. They have even worked with bloggers like me. The theme for the conversation this year is:

“Take charge of your finances: It pays to know!”

Throughout the month, FCAC will feature weekly sub-themes that bring attention to the benefits of basic money management practices at different stages of life and encourage Canadians to reduce debt and save for the future. They are:

Week 1 (November 1-4) – Achieve financial well-being What does it mean to be financially fit? Are you struggling to be fit? This is a great place to start this conversation. Do you have a budget?

Week 2 (November 5-11) – Live within your means Did you know most Canadians spend more than they earn? Have you tried to live within your means? This week we will be talking about what it means to live within your means.

Week 3 (November 12-18) – Manage money for student life I have a teen daughter, she is a college kid. Teaching our youth, our teens while they are young sets them up for long-term success. Can’t wait for this conversation.

Week 4 (November 19-25) – Teach children about money I have talked about this topic for years. Did you know most Canadian kids don’t get taught financial literacy in school?  As parents, we must be teaching our kids.

Week 5 (November 26-30) – Know your financial rights and responsibilities  Do you know we have rights and responsibilities that go beyond taxes? We will talk about these are well.

To help celebrate and carry on the conversations, Tangerine is celebrating with 3 Twitter Parties

Twitter Party Details


Twitter Party Details

  • Theme: Live Within Your Means
  • Date: Thursday, November 9, 2017 at 7:00pm ET
  • Guest: Kelley Keehn @KelleyKeehn
  • Host: TangerineBank @TangerineBank
  • Hashtags: #TangerineFLM#FLM2017
  • Prizing: 4 X $100 MasterCard Gift Cards
  • Eligibility: Canada excluding Quebec


Twitter Party

  • Theme: Teach Children about Money
  • Date: Tuesday, November 21, 2017 at 7:00pm ET
  • Guest: Robin Taub @RobinTaub
  • Host: Tangerine Bank @TangerineBank
  • Hashtag: #TangerineFLM #FLM2017
  • Prizing: 4 X $100 MasterCard Gift Cards
  • Eligibility: Canada excluding Quebec

About Tangerine Bank

Tangerine is a direct bank that delivers simplified everyday banking to Canadians. With over 2 million Clients and close to $38 billion in total assets, we are Canada’s leading direct bank. Tangerine offers banking that is flexible and accessible, products and services that are innovative, fair fees, and award-winning Client service. From no-fee daily Chequing and high-interest Savings Accounts, Credit Card, GICs, RSPs, TFSAs, Mortgages and Investment Funds through its subsidiary, Tangerine Investment Funds Ltd., Tangerine has the everyday banking products Canadians need. With over 1,000 employees in Canada, our presence extends beyond our website and Mobile Banking app to our Café locations, Pop-Up locations, Kiosks and 24/7 Contact Centres. Tangerine was launched as ING DIRECT Canada in 1997. In 2012 it was acquired by Scotiabank, and operates independently as a wholly-owned subsidiary.


This is a sponsored Post. We were compensated to write this post, but as always opinions are our own.


How to Teach Kids Financial Responsibility in the Summer

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As a mom, I have always looked for ways to teach my daughter financial responsibility. Ever since she was a little girl, I learned there are many opportunities every day. Since most kids are off from school and with us, more it is the perfect time to hone their money knowledge.

When my daughter was 3, I can remember a tantrum she had at the store when I told we simply didn’t have the money to buy that shiny tiara she wanted. I realized soon after that I needed to teach her about money. I wanted her to be financially literate, and thankfully I can say as a teen now she is.

The Bank of Mom became the catalyst to our conversations about money when she was little. Now, she has her own bank account and a part time job working for my new company. She earns and gets to save and spend on her own after years of lessons. So how did I teach her financial responsibility especially during the summer?


Is there something you know your child wants for back to school? For tweens and teens, this might be that certain brand of clothing? Let them know your budget for back to school and tell them if they want upgrades like that certain brand they have to save some of their allowance money or do extra work or even a small job in the neighborhood to get it.

Use Rewards

For my daughter, rewards worked wonderfully. I would match her savings dollar for dollar when she wanted that certain thing and had set a savings goal.

Use Real-Life Shopping Trips to teach Skills

With the kids on summer vacation, I am sure they are doing some of the shopping with you. I used, this time, to teach my daughter about smart shopping. I taught her how to read labels, how to shop sales, use coupons and even apps to get the best spend for the dollar.

The Lemonade Stand

For many kids their first lemonade stand is the first real chance to handle money, to give change, to earn money. It gives them the taste of being an entrepreneur. That is a skill I think it is important to have in today’s world.

Summer Jobs

Do you have a teen? My daughter’s first jobs were those were she was helping neighbours and earning money doing so. We set goals for that money; some was saved, and some got spent. It teaches them important life skills and gives them their first references for when they are trying to land that first real job.

Do you have a child you are trying to teach financial responsibility  to this summer? Let me know.




Change Comes With Financial Literacy and Entrepenuership

I never thought when I was a mom struggling to make ends meet that I would be a successful entrepreneur years later. I never thought my daughter would be one as well.

You know me as the CommonCentsMom but I am now much more than that. I have a successful freelance business as well as having my blog. I help brands and agencies with their social media needs. My daughter takes care of special needs students after school and sells some of her artwork (did I mention she has had 2 art gallery showings)

When I was a mom struggling I knew how important it was for my future to get money smart. I had to learn about financial literacy and over the last eight years I have become a bit of an expert. The one thing I realized is that the more knowledge we have the more power we possess. We are then able to guide our own lives and stress less. I remember those days of worry and stress well. One of the things as a mom I wanted to pass on to my teenage daughter the most was the gift of financial literacy. I think as a parent it is a must. With financial literacy comes power. It really is one of the best gifts we can give the youth of today.


Many of you know my daughter splits her time between high school and college that is why I got excited when I learned of Enactus. Enactus stands for “ENtrepreneurial ACTion for others creates a better world for US all”. Enactus Canada is shaping generations of entrepreneurial leaders who are passionate about advancing the ecomomic, social and environmental health of Canada. Rachel is currently at George Brown College where there is an active group who are making an impact.

Here in Canada alone, 2,659 students from across Canada participated in the Enactus community. They developed 288 community projects. 891 businesses we started. 1,025 people found employment and 36,580 lives were directly impacted. Think of the lives changed.

The Enactus team at the University of Windsor directly empowered 1,717 people through financial education where individuals are paired with students and industry professionals to learn skills like budgeting and bookkeeping. Through their CityThrive project this year, the team lifted 11 people off social assistance and saved the city $330,000.

This is not just a Canadian project either. There is an international component as well. Think of the skills these young people get by participating. They are better prepared for their own futures as well having helped so many in the community around them. I have seen several projects that assist global projects as well empowering those communities.

This week here in Toronto 1500 college and university students will kick off their National Exposition at Metro Convention Center. Over the course of the three-day event, students showcase how their community outreach projects and business ventures are enabling progress through entrepreneurial action. Through rounds of live presentation based competition, business leaders serving as judges determine which Enactus team and student entrepreneur will be named National Champions and represent Canada on the global stage at the World Cup.  That Windsor team is just one of the teams competing this week.

For me, it excites me as own young entrepreneur heads off to college soon of the financial literacy lessons still ahead for her and ways that she may be able to give back as well.


Financial Literacy Month is Here! #FLM2015

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November is known for lots of things here in Canada, one of which is it’s Financial Literacy month. Do you know what that is? It’s the chance for us Canadians to really talk about money. It’s time to talk about things that really matter: like when do you start talking about money with the new man in your life?, like how important is an RESP to your child’s future? how important is it to have a budget? are there myths about money?

Well, on this blog and my social media profiles this month I will be talking about money every day. It’s my chance to help you my readers get money smart. Do yourself a favour this month and follow the hashtag #FLM2015, I know several of the brands have some great social campaigns ahead and will be talking about things like budgeting, savings, credit cards, investments, loans, RESPs, retirement and more. Did you know 50% of Canadians really do not have a great grasp on money? and according to a study done by Manulife recently only 28% of Canadians are actually on track money wise.

I would say that means there is lots to learn. I realize when it comes to money I am not perfect. I don’t have all the answers. So this month I will be learning along side you my readers. I am reaching out to others who talk money every day from fellow bloggers to the experts so expect lots of great money conversations here on the blog this month.

Tomorrow we start the conversation with the topic of budgeting. But since many divorces in Canada happen around the issue of money I want to talk about how do we handle money in a relationship. How should we talking about money and when? Come back tomorrow for my tips on how a new couple should be looking at and talking about money and join us tomorrow for the #cdnmoney chat on Twitter at 7pm EST as we talk budgeting as a couple. 

Twitter Chat: Financial Literacy for Kids Using Tools Like the Lil Savers Moneybank

Little-Savers Moneybank
The Little Savers Moneybank from ING Direct

Back in September I attended the Canadian Personal Finance Conference here in Toronto and  came home with a Lil’ Savers Moneybank. Since then I have been thinking about financial literacy and how we teach our children about money. How do we pass on financial literacy to our children?

For me this issue is near and dear to my heart.  I am a mom and  have been trying to teach my teenage daughter the value of a dollar since she was little. I have tried to teach her about the cost of things, how to save, how to give but I had not hit on investing till the Lil’ Savers money bank reminded me how this is apart of the money equation.

The Lil’ Savers Moneybank is just one tool to have in your tool belt when teaching your children about financial literacy.

The Lil’ Savers Moneybank connects children to  Lil’ Savers Moneyland, a place for learning about money. The Lil Savers Moneyland is an animated and interactive world where kids will learn about growing, saving, sharing and spending.  There are a wonderful host of characters that help teach children the value of a dollar.

Children learn by playing games like Recycle Me, and Check Out. They can also record their savings goals, set up a budget, keep track of chores and even list the charities they want to give too.

For parents there is also an interactive panel that allows us to monitor our child’s activities. You can even customize their experience.

Now as part of the #cdnmoney Chat on Wednesday Novemeber 28th,7-8pm EST we will be talking about teaching kids about money with @SuperStarSaver on Twitter. Part of the topic of discussion will be the tools that we use. We even will be giving away 5 of the Lil’ Savers Moneybanks.

I am asking that you RSVP for this chat.

You can do so on the Linky form below and I am looking forward to chatting with you on the 28th.

In case you have never participated in a twitter chat you can read how to follow a twitter chat here.


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