Budgeting and saving are the core building blocks of financial stability and sound financial decision making. In this toolkit you'll find helpful resources and worksheets on goal setting, making a budget, and saving money. Latest update: February 18, 2020 (more resources to be added in March...
This guide is designed to be a resource for programs working with low income families to use when anticipating or implementing a new approach, such as coaching, to doing business. It helps you to systematically – and honestly – look at your foundational readiness for change, so that the...
This report provides results from the 2019 Canadian Financial Capability Survey (CFCS). It offers a first look at what Canadians are doing to take charge of their finances by budgeting, planning and saving for the future, and paying down debt. While the findings show that many Canadians are acting...
Financial well-being is the extent to which you can comfortably meet all of your current financial commitments and needs while also having the financial resilience to continue doing so in the future. But it is not only about income. It is also about having control over your finances, being able to...
A tax refund is often the largest amount of money a low-income household will receive throughout the year. It offers a unique opportunity to think long term and save for the future. Thus, in 2018, Momentum launched a new pilot program called Tax Time Savings (TTS), presented by ATB. It was through...
This backgrounder reports preliminary findings from a survey of financial well-being among Canadian adults. Preliminary analysis of the survey data indicates that two behaviours are particularly important in supporting the financial well-being of Canadians. First, our analysis indicates that...
A large majority of American households live in a state of financial vulnerability. Across a range of incomes, people struggle to build savings, pay down debt, and manage irregular cash flows. Even modest savings cushions could help households take care of unexpected expenses or disruptions in...
As financial educators know, making day-to-day decisions on spending money is one of the biggest challenges consumers face in keeping their financial lives in order. Many people find it difficult to manage their household finances on a daily basis, let alone over the long term. This brief from the...
Because of the key role that financial education can play in people’s lives, the CFPB has conducted research over its first five years into what makes financial education effective for consumers. What do we mean by “effective?” It does not just mean training that helps people perform better...
This worksheet helps you set a spending plan for the month, one week at a time, based on the money you have coming in and going out that week. 'Making a spending plan' is the fifth worksheet in the 'Dealing with debt' toolkit. Find the full resource...
Unexpected expenses can make it harder to pay off debts. Knowing your spending needs can help prevent borrowing more money in the future. Use this worksheet to plan ahead for emergency or fluctuating expenses. If you can make a plan to pay for these this year, you’ll be less likely to borrow...
Once you’re ready to start tackling your debt and have a clear sense of how much you owe, your next step is to make an action plan. Use this worksheet to think about your debt repayment goals, the steps you can take now, and the help you will need along the way. 'Making a debt action plan' is...
Knowing what you owe is the first step to paying it off. This worksheet will help you see the full picture of your debt. Although it may be difficult to face, it is an important first step. Then you can think about 'What do I owe?' is the second worksheet in the 'Dealing with debt' toolkit. Find...
Many of us struggle to talk about money, especially when it comes to talking about debt. It is when debt becomes too much for us to manage, or when we do not have a plan to pay it off, that it can become stressful and even overwhelming. This is when it is time to have those tough conversations and...
This toolkit contains tools and worksheets you can use with your financial coaching clients. Each document should be used as a part of the coach-client relationship. This include financial coaching tools such as the financial wheel of life and tips for the first meeting, as well as tools and...
This webinar is all about Managing your money, a resource developed to support money conversations and workshops with Indigenous individuals or families. We all strive to achieve a good life or Miyupimaatisiiun. The Managing your money booklet offers a series of seven simple and engaging...
This activity sheet is from Module 4 of the Prosper Canada Financial Literacy Facilitator resources. Take a few minutes to how this workshop relates to your life, and set one or two goals for your use of banks and other financial services. To view the full Financial Literacy Facilitator resources,...
Building savings is a fundamental strategy for empowering individuals and families with low incomes. Even relatively small amounts of savings can serve as a buffer against inevitable financial shocks that can otherwise undermine social service efforts and successes – and short-term savings offer...
There is wide variation in how people in the U.S. feel about their financial well-being. This report presents findings from a survey by the Consumer Financial Protection Bureau (CFPB) on the distribution of financial well-being scores for the U.S. adult population overall and for selected...
Bright, beautiful, interactive and simple to use, Managing your money offers a series of seven worksheets to help Indigenous individuals and families to set and work towards money goals. Each financial topic and activity features artwork by Simon Brascoupé paired with a teaching from the animal...
This activity sheet is from Module 9 of the Financial Literacy Facilitator Resources. Setting goals related to consumerism. To view full Financial Literacy Facilitator Resources, click...
This activity sheet is from Module 8 of the Financial Literacy Facilitator Resources. Goal setting for debt. To view full Financial Literacy Facilitator Resources, click...
This activity sheet is from Module 7 of the Financial Literacy Facilitator Resources. Practice setting goals related to credit reports. To view full Financial Literacy Facilitator Resources, click...
This activity sheet is from Module 5 of the Financial Literacy Facilitator Resources. Steps to setting a savings goal. To view full Financial Literacy Facilitator Resources, click...
This activity sheet is from Module 3 of the Financial Literacy Facilitator Resources. Take a few minutes to reflect on how this workshop relates to your life. Set one or two SMART goals for your personal budgeting and financial record-keeping. To view full Financial Literacy Facilitator...
