Best-selling author and personal
finance educator Kelley Keehn to
lead two national workshops for college and university
students
MONTREAL, Oct. 26, 2020 /CNW/ - In anticipation of
Financial Literacy Month, the Canadian Foundation for Economic
Education (CFEE), with the support of National Bank, has launched a
financial literacy program and has published the results of a
survey conducted among post-secondary students across Canada. One of the findings reveals that 64%
of them report that they are dealing with financial stress. The
CFEE survey was completed by 1,436 students from 94 post-secondary
institutions in the spring of this year.
The survey was the first phase of HELP: Managing My Money on
Campus, a new initiative launched by CFEE in partnership
with National Bank. This program aims to improve the financial
literacy of post-secondary students across Canada.
The survey results provided valuable feedback that CFEE has used
to design and develop certain components of the new program. The
students identified the following as their top challenges:
- Dealing with financial stress in general (64%)
- Preparing and working with a budget (57%)
- Paying tuition fees (53%)
- Paying and managing monthly living expenses (50%)
- Difficulty generally knowing how to manage their finances
(48%)
When asked what topics students would like to know more about,
the top six were:
- Investing money for the future (76%)
- Ways to save money (59%)
- Creating and working with a budget (52%)
- Building a financially healthy life (55%)
- Preparing tax returns (55%)
- How to manage major expenditures (55%)
The second phase of the program entails a series of online
workshops/webinars mainly based on the survey results. Plans are to
conduct over 100 presentations across Canada over the next three years. Most
workshops/webinars will be organized in collaboration with specific
colleges and universities. Two signature webinars for
post-secondary school students will be hosted by the best-selling
author and personal finance educator Kelley
Keehn on October 27 and
November 3, 2020 from 3:00-4:30 p.m. ET. Students may register for
these workshops by visiting the CFEE's event page.
A website will be launched shortly to give students access to
resources related to managing personal finances and workshop
materials. Thanks to support from National Bank, the entire CFEE
program is free to all students.
Quotes
"These are incredibly challenging times for all Canadians—but
particularly youth who have had their family and social life put
under stress—and also their education and finances. CFEE is very
pleased to have partnered with National Bank to be able to bring
help, information, and resources directly to college and university
students whether they are studying at home or on campus."
Gary Rabbior, President of
CFEE
"We're extremely proud to support the financial education of
post-secondary students by assisting CFEE in developing these
resources. Our youth has a clear need for financial education, and
we believe these tools will improve their financial health and have
a positive impact on their lives."
Lucie Blanchet, Executive
Vice-President – Personal Banking and Client Experience at National
Bank
About National Bank of Canada
With $322 billion in assets as at July 31, 2020, National Bank of Canada, together with its subsidiaries, forms
one of Canada's leading integrated
financial groups. It has more than 26,000 employees in
knowledge-intensive positions and has been recognized numerous
times as a top employer and for its commitment to diversity. Its
securities are listed on the Toronto Stock Exchange (TSX: NA).
Follow the Bank's activities at nbc.ca or via social
media such
as Facebook, LinkedIn and Twitter.
About CFEE
CFEE is a federally chartered,
non-profit, non-partisan organization, founded in 1974, that works
to improve economic and financial literacy and enterprising
capability. CFEE works collaboratively with ministries and
departments of education along with school boards, schools,
educators, and teacher associations. CFEE also engages in
activities to support and assist newcomers and past immigrants to
Canada, and the general public
including print resources, videos, workshops, and online resources.
Overall, CFEE aspires to help Canadians of all ages be better
prepared to undertake their economic roles, responsibilities, and
decisions with confidence and competence.
SOURCE National Bank of Canada