Guiding Your Journey: A Toolkit for Lump Sum Payments

Tools and resources

Financial Education

Dollars and sense, AFOA Canada – A suite of financial literacy workshops for Indigenous youth
Managing your money, Prosper Canada – A series of seven worksheets to help Indigenous individuals and families to set and work towards money goals. Available in English, French, Plains Cree and Ojibwe
Financial Literacy for Indigenous Peoples, RBC – With a focus on lump sum payments this course is intended to provide knowledge about money and banking for all Indigenous Peoples .
Financial health & wealth, NWAC – A toolkit that includes information and worksheets on financial health topics.
Money matters, ABC Money matters – Workbooks that are tailored for Indigenous Peoples on spending plans, banking basics, borrowing money, ways to save and smart shopping.
Money stories, SEED – A customized money management training program for Indigenous youth.
Financial literacy workshops for Canadians living in the North, CMHC – This workshop series will cover several areas related to purchase of a house from mortgages, to pre-approvals and home buying programs.
Money minutes, First Nations Bank of Canada – One-minute-long recordings one a range of financial topics from budgeting to creating a rainy-day fund.
Navigating Financial Empowerment for First Nations, First Nations Market Housing Fund – This article includes links to tools and resources to plan one’s financial journey
Financial Capability Workbooks, NWAC
Credit podcast, AFOA Canada – A Money Smarts podcast on how to build and keep credit in good shape

Tools and resources for lump sum payments

*Not Indigenous specific resource

It’s my life – how to build your financial wellness future, AFOA Canada – Narrated PowerPoints focusing on identifying goals, developing a financial wellness plan, getting support and consumer protection
It’s my life – am I prepared?, AFOA Canada – These workbooks help you picture your life in 2 years how would you like to spend your money.
Sixties Scoop, It’s my life “How to build your financial wellness future!”, AFOA Canada – Understanding Sudden Wealth and planning for it.
Receiving a large amount of money from the government, FCAC – This resource includes links to tools on money goals, budgeting, paying debt, savings goals…)*
What to do when you get money from the government, FCAC – Options include cashing a cheque (and information around applicable fee), direct deposit and links to tools*
Managing a financial windfall, CIRO – With a focus on consumer protection, this resource shares ways to avoid frauds and scams but also ways to identify personal financial goals*
You’ve just received a big amount of money. Now what?, FCAC – A cheat sheet of what to consider when receiving a large amount of money.*
How to manage Sudden Wealth in 7 steps, Smart Asset (US) – Advice and further reading on managing a large financial windfall*
How to manage sudden wealth, Wealth Management Canada- In this article both the emotional and financial aspects of receiving a lump sum payment are discussed*
How to deal with Sudden Wealth Syndrome and Manage Newfound Riches, Money Crashers – This article elaborates on what sudden wealth syndrome is and how to deal with it.
Managing large amounts of sudden wealth, Investopedia (US) – Understanding the emotional toll of receiving an unexpected sum of money and how to plan for it with caution.

Tools and resources for consumer protection

*Not Indigenous specific resource

Frauds and scams:

Protecting your money, RBC – This module from RBC’s Financial Literacy for Indigenous Peoples course covers banks and financial institutions, protecting oneself from frauds…

Elder financial abuse:

What every older Canadian should know about financial abuse, Federal/Provincial/Territorial Ministers Responsible for Seniors Forum – This page includes information on what financial abuse is, includes some examples and tips and safeguards you may implement to protect a loved one.*
The many faces of financial elder abuse, Ontario Securities Commission – Learn how to identify and prevent financial elder abuse, plus where to go for help if you or an older person you know is being financially exploited.*
Financial abuse can be elder abuse, First Nations Health Authority article outlines what elder financial abuse is, how you can help an Elder who is financially abused and where to get more information.

Research, reports and guides

Indigenous Wealth Guide, Native Governance Center (US) – Understanding Indigenous wealth will help determine how to build Indigenous wealth.
How Indigenous communities are regaining economic independence, CPA Canada – An increase in financial knowledge is laying the groundwork for greater autonomy.
Indigenous Sovereign Wealth: Strengthening Indigenous Trust Knowledge, National Aboriginal Trust Officers Association – This report summarizes the results of Phase 1 of the Indigenous Sovereign Wealth Project and identifies the current issues with trusts.
Sudden wealth – A consumer guide, Financial vulnerability task force (UK) – This guide helps readers understand the unique opportunities and challenges they could face from the acquisition of sudden wealth, how to safeguard it and what to look out for when you seek financial advice.
Banking sector services for Indigenous Peoples, CBA – Banks in Canada recognize their responsibility to foster a more inclusive and sustainable future for Indigenous individuals, businesses and communities. This webpage outlines the services Canadian banks offer Indigenous Peoples.

Ressources et outils

Éducation financière

Gérer votre argent: Outils et conseils pour vous aider à atteindre vos objectifs, Prospérité Canada – Une série de sept feuilles de travail pour aider les personnes et les familles autochtones à se fixer des objectifs financiers et à les atteindre. Disponible en anglais, français, cri des plaines et ojibwé.
Littératie financière pour Autochtones, RBC – Le cours « Littératie financière pour Autochtones RBC » vous procurera les connaissances nécessaires pour prendre des décisions éclairées et pour atteindre un bien-être financier durable.
Ateliers sur la littératie financière pour les Canadiens vivant dans le Nord, SCHL – Cette série d’ateliers couvrira plusieurs sujets liés à l’achat d’une maison, des hypothèques aux préapprobations en passant par les programmes d’achat de maisons.
S’y retrouver dans les ressources pour l’autonomisation financière des Premières Nations, Fonds pour les habitations du marché des premières nations – Cet article contient des liens vers des outils et des ressources permettant de planifier son parcours financier.

Outils et ressources pour les paiements forfaitaires

*Ressource qui n’est pas spécifiquement destinée aux Autochtones.

Recevoir une grosse somme d’argent , ACFC – Cette ressource comprend des liens vers des outils sur les objectifs financiers, le budget, le remboursement des dettes, les objectifs d’épargne…*
Que faire lorsque vous recevez de l’argent du gouvernement., ACFC – Les options comprennent l’encaissement d’un chèque (et des renseignements sur les droits applicables), le dépôt direct et des liens vers des outils.*
Gérer une rentrée d’argent providentielle, OCRI – Cette ressource, qui met l’accent sur la protection des consommateurs, propose des moyens d’éviter les fraudes et les escroqueries, mais aussi d’identifier les objectifs financiers personnels.*

Outils et ressources pour la protection des consommateurs.

*Ressource qui n’est pas spécifiquement destinée aux Autochtones.

Les fraudes et arnaques:

Comment gérer votre argent avec assurance, RBC – Ce module du cours Littératie financière pour Autochtones de RBC porte sur les banques et les institutions financières, la protection contre les fraudes…

Exploitation financière des personnes âgées :

Ce que tous les Canadiens âgés devraient savoir au sujet de l’exploitation financière, Forum fédéral, provincial et territorial des ministres responsables des aînés – Cette page contient des renseignements sur ce qu’est l’exploitation financière, des exemples et des conseils, ainsi que des mesures de protection que vous pouvez mettre en œuvre pour protéger un proche.*
Les nombreuses facettes de l’exploitation financière envers les personnes âgées, La Commission des valeurs mobilières de l’Ontario – Apprenez comment identifier et prévenir l’exploitation financière des personnes âgées, et où trouver de l’aide si vous ou une personne âgée que vous connaissez êtes victimes d’exploitation financière.*

Recherche, rapports et guides

Des communautés autochtones regagnent leur indépendance économique, CPA Canada – De meilleures connaissances financières jettent les bases d’une plus grande autonomie.
Services du secteur bancaire aux communautés autochtones, ABC Bancaire – Les banques du Canada reconnaissent leur responsabilité dans la promotion d’un avenir plus inclusif et durable pour les personnes, les entreprises et les communautés autochtones. Cette page Web présente les services que les banques canadiennes offrent aux Autochtones.

Author: Prosper Canada
Topic: Consumer protection, Financial well-being
Publisher: Prosper Canada
Location: Canada
Format: Guides, Toolkit
Content Type: Prosper Canada Toolkits
Publication Date: October 28, 2024