Improving your financial literacy in Quebec is essential to better manage your personal finances, achieve your financial goals and understand the tools available. Here are some practical steps to achieve this:

  1. Learn the basics

    1. Budget: Learn how to track your income and expenses to better manage your money.
    2. Understanding credit: Familiarize yourself with how credit cards, loans, and your credit score work.
    3. Saving and investing: Learn about the types of savings accounts (RRSPs, TFSAs) and the basics of investing.

  1. Use local resources

    1. Autorité des marchés financiers (AMF): Check out their website, which offers free guides, tools and simulators to better understand financial products.
    2. Éducaloi: This organization provides simple and accessible information on your rights and responsibilities, including in financial matters.
    3. Banks and credit unions: Many financial institutions in Quebec offer free workshops, online guides and advice.

  1. Take training courses or workshops

    1. Online courses: Platforms such as Desjardins or educational sites such as *Coursera* offer modules on personal finance.
    2. Community Centers: Some local organizations host free or low-cost sessions on financial management.

  1. Read and stay informed

    1. Reference books:
      1. Richest Man in Babylon (George S. Clason) – to understand the fundamentals of money management.
      2. Liberté 45 (Pierre-Yves McSween) – A Quebec Perspective on Financial Independence.
    2. Quebec financial blogs:
      1. Check out local bloggers like *Young Retiree*
      2. *Retreat 101* for practical advice and lived experiences.

  1. Use digital tools

    1. Budget apps: Tools like Mint, YNAB (You Need a Budget) or Budget Express can help you manage your finances.
    2. Financial simulators: Use the AMF’s online tools or banking institutions to plan your goals.

  1. Consult a professional

    1. If you have complex goals, consider consulting a financial advisor or financial planner for personalized advice.

*Tip: Start with a specific area (such as budgeting or saving) and gradually build your knowledge. The key is to stay curious and proactive!

 

You have questions on the subject? Contact us, we will be happy to take the time and answer your questions.